National CineMedia, Inc. $NCMI Stock Holdings Boosted by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in National CineMedia, Inc. (NASDAQ:NCMI) by 16.0% during the second quarter, Holdings Channel reports. The institutional investor owned 3,220,165 shares of the business services provider’s stock after buying an additional 444,984 shares during the quarter. Wellington Management Group LLP’s holdings in National CineMedia were worth $12,237,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Orbis Allan Gray Ltd boosted its stake in National CineMedia by 79.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 9,523,889 shares of the business services provider’s stock valued at $37,048,000 after buying an additional 4,218,288 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in National CineMedia by 34.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider’s stock worth $27,742,000 after acquiring an additional 1,568,376 shares during the period. Bank of New York Mellon Corp bought a new stake in National CineMedia in the second quarter worth about $2,653,000. Luxor Capital Group LP lifted its holdings in National CineMedia by 61.3% in the 1st quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider’s stock valued at $5,553,000 after acquiring an additional 691,879 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of National CineMedia by 30.1% during the 4th quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock valued at $7,793,000 after purchasing an additional 463,112 shares in the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

Insider Buying and Selling

In other National CineMedia news, insider Maria Woods sold 12,058 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the transaction, the insider directly owned 163,162 shares of the company’s stock, valued at $615,120.74. This represents a 6.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on NCMI shares. Wall Street Zen downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Sunday. Barrington Research set a $4.25 price target on shares of National CineMedia in a research report on Wednesday, August 12th. Wedbush set a $5.00 price target on National CineMedia and gave the company an “outperform” rating in a report on Wednesday, August 12th. Weiss Ratings raised National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Finally, Zacks Research cut National CineMedia from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.81.

National CineMedia Price Performance

NCMI opened at $2.48 on Tuesday. The stock has a fifty day moving average of $3.41 and a 200-day moving average of $3.39. The firm has a market capitalization of $232.57 million, a P/E ratio of -27.55 and a beta of 1.37. National CineMedia, Inc. has a 12-month low of $2.16 and a 12-month high of $5.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $58.40 million during the quarter, compared to analysts’ expectations of $59.34 million. National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%. Equities analysts forecast that National CineMedia, Inc. will post 0.17 EPS for the current fiscal year.

National CineMedia Company Profile

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.