National CineMedia, Inc. $NCMI Shares Acquired by Luxor Capital Group LP

Luxor Capital Group LP grew its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,074,058 shares of the business services provider’s stock after purchasing an additional 242,450 shares during the period. Luxor Capital Group LP owned approximately 1.14% of National CineMedia worth $4,844,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NCMI. AQR Capital Management LLC grew its stake in National CineMedia by 59.8% during the 1st quarter. AQR Capital Management LLC now owns 488,025 shares of the business services provider’s stock worth $2,850,000 after buying an additional 182,548 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in National CineMedia in the first quarter valued at about $255,000. Goldman Sachs Group Inc. boosted its holdings in National CineMedia by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 683,614 shares of the business services provider’s stock worth $3,992,000 after acquiring an additional 120,079 shares in the last quarter. Jane Street Group LLC boosted its holdings in National CineMedia by 511.8% in the first quarter. Jane Street Group LLC now owns 93,061 shares of the business services provider’s stock worth $543,000 after acquiring an additional 77,849 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of National CineMedia during the first quarter worth about $43,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Stock Performance

Shares of NASDAQ NCMI opened at $3.39 on Tuesday. The company has a 50 day simple moving average of $3.56 and a two-hundred day simple moving average of $4.01. The stock has a market cap of $315.76 million, a price-to-earnings ratio of -33.90 and a beta of 1.36. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 12 month low of $3.17 and a 12 month high of $6.18.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Thursday, February 26th. The business services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. National CineMedia had a negative net margin of 4.32% and a negative return on equity of 2.29%. As a group, analysts predict that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

National CineMedia Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a dividend of $0.03 per share. The ex-dividend date is Monday, March 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.5%. National CineMedia’s dividend payout ratio (DPR) is presently -120.00%.

Insider Activity

In other news, EVP Maria Vg Woods sold 9,043 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $3.89, for a total value of $35,177.27. Following the completion of the transaction, the executive vice president owned 129,330 shares of the company’s stock, valued at $503,093.70. The trade was a 6.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NCMI has been the topic of several recent analyst reports. Benchmark cut their price objective on shares of National CineMedia from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Barrington Research lowered their target price on shares of National CineMedia from $6.50 to $5.50 and set an “outperform” rating for the company in a research note on Monday, January 26th. B. Riley Financial dropped their target price on shares of National CineMedia from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings upgraded shares of National CineMedia from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, National CineMedia has a consensus rating of “Moderate Buy” and a consensus target price of $5.38.

National CineMedia Company Profile

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.