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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in National CineMedia by 5.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock valued at $48,905,000 after purchasing an additional 365,360 shares during the period. Geode Capital Management LLC boosted its stake in National CineMedia by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider’s stock valued at $13,835,000 after buying an additional 15,605 shares during the period. State Street Corp grew its position in National CineMedia by 23.8% during the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after buying an additional 222,498 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 worth $5,088,000 after acquiring an additional 509,756 shares during the last quarter. Finally, Luxor Capital Group LP raised its holdings in shares of National CineMedia by 1,581.1% in the 2nd 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. Institutional investors own 69.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

National CineMedia Price Performance

Shares of NCMI stock traded up $0.09 during trading hours on Monday, hitting $6.82. 142,028 shares of the company’s stock were exchanged, compared to its average volume of 402,388. The company has a market capitalization of $647.32 million, a PE ratio of -27.28 and a beta of 2.06. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 12-month low of $3.65 and a 12-month high of $7.60. The business’s 50 day simple moving average is $6.89 and its 200-day simple moving average is $6.38.

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

Insider Activity

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 66,987 shares of the company’s stock, valued at $436,085.37. The trade was a 26.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

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.