Bank of New York Mellon Corp Has $1.16 Million Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

Bank of New York Mellon Corp trimmed its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,051 shares of the business services provider’s stock after selling 5,406 shares during the quarter. Bank of New York Mellon Corp’s holdings in National CineMedia were worth $1,156,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NCMI. Rhumbline Advisers increased 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 valued at $711,000 after acquiring an additional 3,219 shares during the last quarter. Kings Path Partners LLC bought a new position in shares of National CineMedia in the fourth quarter valued at approximately $408,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of National CineMedia by 240.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock worth $5,088,000 after buying an additional 509,756 shares during the period. MetLife Investment Management LLC acquired a new position in National CineMedia in the 3rd quarter valued at $292,000. Finally, State Street Corp lifted its position in National CineMedia by 23.8% during the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after acquiring an additional 222,498 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors.

Insider Transactions at National CineMedia

In other news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total value of $154,560.42. Following the completion of the sale, the executive vice president now directly owns 66,987 shares in the company, valued at approximately $436,085.37. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Blantyre Capital Ltd purchased 103,685 shares of National CineMedia stock in a transaction that occurred 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 transaction, the insider now owns 10,310,433 shares in the company, valued at $53,408,042.94. This represents a 1.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

National CineMedia Price Performance

Shares of National CineMedia stock opened at $5.83 on Tuesday. The firm has a market cap of $555.07 million, a P/E ratio of -23.32 and a beta of 2.19. The firm’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $6.71. National CineMedia, Inc. has a twelve month low of $4.12 and a twelve month high of $7.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last released 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 company had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.77 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. As a group, research analysts expect that National CineMedia, Inc. will post -0.12 EPS for the current fiscal year.

National CineMedia Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, March 24th. National CineMedia’s payout ratio is presently -52.17%.

About National CineMedia

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.