Voya Investment Management LLC Sells 210,237 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Voya Investment Management LLC lowered its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 9.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,080,757 shares of the business services provider’s stock after selling 210,237 shares during the period. Voya Investment Management LLC’s holdings in National CineMedia were worth $13,897,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ranger Investment Management L.P. purchased a new position in shares of National CineMedia during the fourth quarter worth about $4,058,000. Riverwater Partners LLC lifted its stake in shares of National CineMedia by 296.7% in the 4th quarter. Riverwater Partners LLC now owns 270,307 shares of the business services provider’s stock valued at $1,795,000 after acquiring an additional 202,164 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National CineMedia by 126.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 273,711 shares of the business services provider’s stock valued at $1,817,000 after purchasing an additional 152,777 shares during the period. Trexquant Investment LP purchased a new stake in National CineMedia during the 4th quarter valued at $988,000. Finally, Wellington Management Group LLP boosted its holdings in shares of National CineMedia by 4.8% during the fourth quarter. Wellington Management Group LLP now owns 2,923,516 shares of the business services provider’s stock worth $19,412,000 after purchasing an additional 132,895 shares during the period. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NCMI shares. StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. William Blair reissued a “neutral” rating and set a $7.50 price objective on shares of National CineMedia in a research note on Friday, March 7th. Wedbush raised National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 target price on the stock in a research note on Friday, March 14th. Barrington Research reiterated an “outperform” rating and set a $7.00 price target on shares of National CineMedia in a report on Friday, March 14th. Finally, Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, National CineMedia presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Insider Transactions at National CineMedia

In related news, major shareholder Blantyre Capital Ltd bought 103,685 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $5.18 per share, for a total transaction of $537,088.30. Following the completion of the transaction, the insider now owns 10,310,433 shares in the company, valued at $53,408,042.94. The trade was a 1.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

National CineMedia Stock Performance

NCMI opened at $5.90 on Monday. National CineMedia, Inc. has a 12-month low of $4.12 and a 12-month high of $7.60. The company has a market cap of $561.63 million, a price-to-earnings ratio of -23.60 and a beta of 1.92. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $6.00 and its 200 day moving average is $6.54.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.77 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. On average, equities research analysts predict that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 24th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 24th. National CineMedia’s payout ratio is -52.17%.

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.