Sycale Advisors NY LLC Has $4.43 Million Stock Holdings in National CineMedia, Inc. $NCMI

Sycale Advisors NY LLC trimmed its position in National CineMedia, Inc. (NASDAQ:NCMI) by 52.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,451,498 shares of the business services provider’s stock after selling 1,587,828 shares during the quarter. National CineMedia makes up 2.2% of Sycale Advisors NY LLC’s holdings, making the stock its 13th largest position. Sycale Advisors NY LLC’s holdings in National CineMedia were worth $4,427,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NCMI. Quantbot Technologies LP bought a new position in National CineMedia during the third quarter worth about $34,000. Graham Capital Management L.P. bought a new stake in National CineMedia in the fourth quarter valued at approximately $40,000. Strs Ohio bought a new stake in National CineMedia in the first quarter valued at approximately $43,000. Jump Financial LLC acquired a new stake in shares of National CineMedia in the fourth quarter valued at approximately $53,000. Finally, BNP Paribas Financial Markets lifted its position in shares of National CineMedia by 103.2% in the third quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock valued at $58,000 after buying an additional 6,549 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia Price Performance

Shares of NASDAQ NCMI opened at $3.82 on Thursday. The firm has a market cap of $358.24 million, a P/E ratio of -42.44 and a beta of 1.36. The business’s 50 day moving average is $3.54 and its 200-day moving average is $3.50. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 1-year low of $2.78 and a 1-year high of $5.14.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.03. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.The business had revenue of $34.00 million during the quarter, compared to the consensus estimate of $32.92 million. Equities research analysts predict that National CineMedia, Inc. will post -0.01 earnings per share for the current year.

National CineMedia Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 22nd. National CineMedia’s payout ratio is presently -133.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NCMI. Wedbush decreased their target price on National CineMedia from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings downgraded National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, National CineMedia currently has an average rating of “Hold” and an average target price of $5.38.

Insider Activity

In related news, insider Maria Vg Woods sold 12,058 shares of the company’s 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 transaction, the insider directly owned 163,162 shares in the company, valued at approximately $615,120.74. This represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

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.