Kings Path Partners LLC Makes New $408,000 Investment in National CineMedia, Inc. (NASDAQ:NCMI)

Kings Path Partners LLC purchased a new stake in National CineMedia, Inc. (NASDAQ:NCMI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 61,395 shares of the business services provider’s stock, valued at approximately $408,000. Kings Path Partners LLC owned approximately 0.06% of National CineMedia at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in National CineMedia by 240.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after buying an additional 509,756 shares in the last quarter. Luxor Capital Group LP increased its holdings in shares of National CineMedia by 1,581.1% during the second quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 461,614 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of National CineMedia by 5.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock worth $48,905,000 after purchasing an additional 365,360 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of National CineMedia by 124.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock worth $3,309,000 after purchasing an additional 260,689 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of National CineMedia in the 2nd quarter worth $979,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

Insider Transactions at National CineMedia

In related news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. Wedbush reiterated a “neutral” rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Barrington Research raised their target price on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Up 1.3 %

NCMI stock traded up $0.09 during trading on Monday, reaching $6.82. The stock had a trading volume of 142,028 shares, compared to its average volume of 402,388. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $647.32 million, a price-to-earnings ratio of -27.28 and a beta of 2.06. National CineMedia, Inc. has a one year low of $3.65 and a one year high of $7.60. The company’s 50 day moving average is $6.89 and its two-hundred day moving average is $6.38.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $62.40 million during the quarter, compared to the consensus estimate of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same period in the prior year, the company earned $0.33 earnings per share. Equities research analysts forecast that National CineMedia, Inc. will post -0.14 EPS for the current year.

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.