Panoramic Capital LLC Makes New Investment in National CineMedia, Inc. (NASDAQ:NCMI)

Panoramic Capital LLC acquired a new stake in National CineMedia, Inc. (NASDAQ:NCMI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 187,775 shares of the business services provider’s stock, valued at approximately $1,247,000.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of National CineMedia by 39.7% in the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 12,281 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of National CineMedia by 3.1% in the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider’s stock valued at $711,000 after acquiring an additional 3,219 shares in the last quarter. Ieq Capital LLC bought a new stake in National CineMedia in the fourth quarter worth about $93,000. Oppenheimer Asset Management Inc. increased its holdings in shares of National CineMedia by 16.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 65,424 shares of the business services provider’s stock valued at $434,000 after buying an additional 9,147 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of National CineMedia by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider’s stock worth $4,840,000 after buying an additional 7,218 shares during the period. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Stock Up 3.7%

NASDAQ NCMI opened at $5.29 on Wednesday. The stock has a market cap of $498.87 million, a PE ratio of -21.16 and a beta of 2.12. The stock’s 50 day moving average is $5.73 and its 200 day moving average is $6.42. 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 12 month low of $4.12 and a 12 month high of $7.60.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The business had revenue of $34.90 million for the quarter, compared to the consensus estimate of $35.13 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. Research analysts predict that National CineMedia, Inc. will post -0.12 EPS for the current fiscal year.

National CineMedia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, May 16th. National CineMedia’s dividend payout ratio is currently -63.16%.

Insiders Place Their Bets

In related news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the business’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of $5.18 per share, for a total transaction of $537,088.30. Following the acquisition, the insider now directly owns 10,310,433 shares in the company, valued at $53,408,042.94. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NCMI has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a report on Friday, March 7th. StockNews.com cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price target on shares of National CineMedia in a research note on Friday, March 14th. Wedbush restated an “outperform” rating and issued a $7.50 target price on shares of National CineMedia in a research report on Thursday, May 1st. Finally, William Blair reiterated a “neutral” rating and set a $7.50 price target on shares of National CineMedia in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, National CineMedia has a consensus rating of “Moderate Buy” and an average target price of $7.70.

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.