Sycale Advisors NY LLC Lowers Position in National CineMedia, Inc. $NCMI

Sycale Advisors NY LLC trimmed its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 34.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 3.7% of Sycale Advisors NY LLC’s portfolio, making the stock its 12th largest position. Sycale Advisors NY LLC owned about 3.24% of National CineMedia worth $11,823,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NCMI. AQR Capital Management LLC grew its holdings in National CineMedia by 59.8% in the first quarter. AQR Capital Management LLC now owns 488,025 shares of the business services provider’s stock valued at $2,850,000 after purchasing an additional 182,548 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in National CineMedia in the first quarter valued at approximately $255,000. Goldman Sachs Group Inc. grew 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 valued at $3,992,000 after purchasing an additional 120,079 shares during the period. Jane Street Group LLC grew 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 valued at $543,000 after purchasing an additional 77,849 shares during the period. Finally, Strs Ohio purchased a new stake in National CineMedia in the first quarter valued at approximately $43,000. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at National CineMedia

In other 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 transaction, the executive vice president directly owned 143,097 shares of the company’s stock, valued at approximately $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 SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

National CineMedia Stock Performance

Shares of NCMI stock opened at $3.63 on Monday. The stock has a market cap of $340.42 million, a price-to-earnings ratio of -40.33 and a beta of 1.40. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a fifty-two week low of $2.78 and a fifty-two week high of $5.41. The firm’s 50 day moving average price is $3.35 and its two-hundred day moving average price is $3.56.

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

National CineMedia Announces Dividend

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

Analysts Set New Price Targets

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