National CineMedia, Inc. $NCMI Stake Lessened by Ranger Investment Management L.P.

Ranger Investment Management L.P. decreased its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 25.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,837 shares of the business services provider’s stock after selling 153,863 shares during the period. Ranger Investment Management L.P. owned 0.49% of National CineMedia worth $2,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in shares of National CineMedia during the 1st quarter valued at $43,000. Legal & General Group Plc boosted its stake in National CineMedia by 137.1% during the second quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock valued at $69,000 after buying an additional 8,285 shares in the last quarter. Ieq Capital LLC grew its holdings in National CineMedia by 21.4% during the first quarter. Ieq Capital LLC now owns 17,001 shares of the business services provider’s stock worth $99,000 after acquiring an additional 3,001 shares during the period. Magnetar Financial LLC bought a new stake in National CineMedia in the first quarter worth about $120,000. Finally, EntryPoint Capital LLC acquired a new stake in National CineMedia in the 1st quarter valued at about $136,000. 69.49% of the stock is owned by institutional investors.

National CineMedia Stock Down 1.4%

Shares of NASDAQ:NCMI opened at $4.09 on Friday. The company’s fifty day moving average is $4.18 and its two-hundred day moving average is $4.58. The company has a market cap of $383.76 million, a P/E ratio of -27.26 and a beta of 1.36. National CineMedia, Inc. has a 12-month low of $3.81 and a 12-month high of $7.41.

National CineMedia Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were given a dividend of $0.03 per share. The ex-dividend date was Monday, November 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.9%. National CineMedia’s dividend payout ratio (DPR) is presently -80.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barrington Research lowered their price objective on shares of National CineMedia from $7.00 to $6.50 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Zacks Research lowered shares of National CineMedia from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Wedbush reaffirmed an “outperform” rating and issued a $6.00 price target (down previously from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of National CineMedia in a research note on Monday, December 8th. Finally, Wall Street Zen upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, National CineMedia has an average rating of “Hold” and an average price target of $6.60.

Insiders Place Their Bets

In other news, EVP Maria Vg Woods sold 9,039 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $4.44, for a total value of $40,133.16. Following the transaction, the executive vice president owned 118,998 shares in the company, valued at $528,351.12. This represents a 7.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by company insiders.

National CineMedia 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.