National CineMedia, Inc. $NCMI Shares Sold by Sycale Advisors NY LLC

Sycale Advisors NY LLC reduced its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 34.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,039,326 shares of the business services provider’s stock after selling 1,613,944 shares during the quarter. National CineMedia comprises about 3.7% of Sycale Advisors NY LLC’s holdings, making the stock its 12th largest holding. Sycale Advisors NY LLC’s holdings in National CineMedia were worth $11,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Lunate Capital Ltd acquired a new position in shares of National CineMedia during the third quarter worth $36,740,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of National CineMedia by 34.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider’s stock worth $27,742,000 after purchasing an additional 1,568,376 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of National CineMedia by 0.3% during the third quarter. Vanguard Group Inc. now owns 4,519,377 shares of the business services provider’s stock worth $20,382,000 after purchasing an additional 12,172 shares in the last quarter. Orbis Allan Gray Ltd acquired a new position in shares of National CineMedia during the second quarter worth $20,338,000. Finally, Barclays PLC lifted its position in shares of National CineMedia by 30.1% during the fourth quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock worth $7,793,000 after purchasing an additional 463,112 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

National CineMedia Price Performance

NCMI stock opened at $3.63 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82. National CineMedia, Inc. has a 1-year low of $2.78 and a 1-year high of $5.41. The firm has a fifty day moving average price of $3.35 and a two-hundred day moving average price of $3.56. The firm has a market cap of $340.42 million, a price-to-earnings ratio of -40.33 and a beta of 1.40.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.03. National CineMedia had a negative net margin of 3.47% and a negative return on equity of 1.80%. The firm had revenue of $34.00 million during the quarter, compared to analyst estimates of $32.92 million.

National CineMedia Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.03 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.12 annualized dividend and a yield of 3.3%. National CineMedia’s payout ratio is presently -133.33%.

Insiders Place Their Bets

In other National CineMedia news, EVP Maria Vg Woods sold 12,066 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $3.04, for a total transaction of $36,680.64. Following the completion of the sale, the executive vice president owned 143,097 shares in the company, valued at $435,014.88. The trade was a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NCMI shares. Wall Street Zen raised shares of National CineMedia from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings cut shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, Wedbush cut their price target on shares of National CineMedia from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.38.

About National CineMedia

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.