National CineMedia, Inc. $NCMI Stock Position Raised by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 16.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,220,165 shares of the business services provider’s stock after acquiring an additional 444,984 shares during the quarter. Wellington Management Group LLP owned approximately 3.43% of National CineMedia worth $12,237,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NCMI. Quantbot Technologies LP acquired a new position in National CineMedia in the third quarter valued at approximately $34,000. Graham Capital Management L.P. bought a new stake in shares of National CineMedia in the 4th quarter worth approximately $40,000. Strs Ohio bought a new stake in shares of National CineMedia in the 1st quarter worth approximately $43,000. NewEdge Advisors LLC acquired a new position in National CineMedia during the 1st quarter valued at approximately $44,000. Finally, Jump Financial LLC bought a new position in National CineMedia during the 4th quarter worth $53,000. Institutional investors own 69.49% of the company’s stock.

National CineMedia Price Performance

Shares of National CineMedia stock opened at $2.48 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84. National CineMedia, Inc. has a 1-year low of $2.16 and a 1-year high of $5.03. The business’s fifty day moving average price is $3.41 and its two-hundred day moving average price is $3.39. The company has a market capitalization of $232.57 million, a P/E ratio of -27.55 and a beta of 1.37.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $58.40 million during the quarter, compared to the consensus estimate of $59.34 million. National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%. As a group, research analysts forecast that National CineMedia, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NCMI. Weiss Ratings raised National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Wedbush set a $5.00 price target on shares of National CineMedia and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Barrington Research set a $4.25 price objective on shares of National CineMedia in a report on Wednesday, August 12th. Wall Street Zen downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Zacks Research lowered shares of National CineMedia from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, National CineMedia presently has an average rating of “Hold” and a consensus target price of $4.81.

Insider Transactions at National CineMedia

In related news, insider Maria Woods sold 12,058 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the transaction, the insider owned 163,162 shares in the company, valued at $615,120.74. This represents a 6.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

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.