National CineMedia, Inc. (NASDAQ:NCMI) Major Shareholder Blantyre Capital Ltd Buys 300,000 Shares

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder Blantyre Capital Ltd acquired 300,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $5.12 per share, with a total value of $1,536,000.00. Following the acquisition, the insider now directly owns 10,250,721 shares of the company’s stock, valued at $52,483,691.52. This trade represents a 3.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 10th, Blantyre Capital Ltd bought 103,685 shares of National CineMedia stock. The shares were bought at an average cost of $5.18 per share, with a total value of $537,088.30.

National CineMedia Price Performance

Shares of NASDAQ:NCMI traded down $0.04 on Tuesday, reaching $5.35. 968,943 shares of the company were exchanged, compared to its average volume of 640,559. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 1-year low of $3.71 and a 1-year high of $7.60. The firm has a market cap of $507.80 million, a price-to-earnings ratio of -21.40 and a beta of 2.19. The company has a 50-day moving average of $6.59 and a 200-day moving average of $6.78.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.77 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. Equities analysts forecast that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. William Blair reissued a “neutral” rating and set a $7.50 price objective on shares of National CineMedia in a report on Friday. Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a report on Friday. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday. Wedbush reissued a “neutral” rating and set a $7.50 price objective on shares of National CineMedia in a report on Wednesday, March 5th. Finally, Barrington Research lowered their target price on shares of National CineMedia from $8.25 to $7.00 and set an “outperform” rating on the stock in a research report on Friday. 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of National CineMedia by 3.1% during the 4th quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider’s stock worth $711,000 after acquiring an additional 3,219 shares during the period. Price T Rowe Associates Inc. MD increased its position in National CineMedia by 18.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,749 shares of the business services provider’s stock worth $178,000 after purchasing an additional 4,084 shares in the last quarter. ProShare Advisors LLC increased its position in National CineMedia by 46.4% during the 4th quarter. ProShare Advisors LLC now owns 19,611 shares of the business services provider’s stock worth $130,000 after purchasing an additional 6,217 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in National CineMedia by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider’s stock worth $3,164,000 after purchasing an additional 7,130 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in National CineMedia by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider’s stock worth $4,840,000 after purchasing an additional 7,218 shares in the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

National CineMedia Company Profile

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.