Insider Buying: National CineMedia, Inc. (NASDAQ:NCMI) Major Shareholder Acquires 103,685 Shares of Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder Blantyre Capital Ltd acquired 103,685 shares of National CineMedia stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $5.18 per share, with a total value of $537,088.30. Following the completion of the purchase, the insider now owns 10,310,433 shares in the company, valued at approximately $53,408,042.94. This represents a 1.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Blantyre Capital Ltd also recently made the following trade(s):

• On Friday, March 7th, Blantyre Capital Ltd acquired 300,000 shares of National CineMedia stock. The shares were bought at an average cost of $5.12 per share, for a total transaction of $1,536,000.00.

National CineMedia Stock Down 0.7 %

Shares of NASDAQ:NCMI opened at $5.35 on Wednesday. The firm has a market cap of $507.80 million, a P/E ratio of -21.40 and a beta of 2.19. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 12-month low of $3.71 and a 12-month high of $7.60. The business has a fifty day simple moving average of $6.59 and a 200 day simple moving average of $6.78.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.77 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. Analysts predict that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On National CineMedia

A number of hedge funds have recently added to or reduced their stakes in the stock. PharVision Advisers LLC acquired a new position in National CineMedia during the 4th quarter valued at about $384,000. State of Wyoming raised its holdings in shares of National CineMedia by 2,562.3% in the 4th quarter. State of Wyoming now owns 69,539 shares of the business services provider’s stock worth $462,000 after purchasing an additional 66,927 shares during the period. Sycale Advisors NY LLC bought a new stake in shares of National CineMedia in the 4th quarter worth approximately $14,147,000. Sherbrooke Park Advisers LLC bought a new stake in shares of National CineMedia in the 4th quarter worth approximately $182,000. Finally, ProShare Advisors LLC grew its stake in National CineMedia by 46.4% in the 4th quarter. ProShare Advisors LLC now owns 19,611 shares of the business services provider’s stock valued at $130,000 after buying an additional 6,217 shares in the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Benchmark restated a “buy” rating and set a $8.00 target price on shares of National CineMedia in a research report on Friday, March 7th. William Blair reissued a “neutral” rating and issued a $7.50 target price on shares of National CineMedia in a research note on Friday, March 7th. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday. Wedbush reissued a “neutral” rating and issued a $7.50 target price on shares of National CineMedia in a research note on Wednesday, March 5th. Finally, Barrington Research decreased their target price on National CineMedia from $8.25 to $7.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.70.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.