National CineMedia, Inc. (NASDAQ:NCMI) Shares Sold by South Dakota Investment Council

South Dakota Investment Council cut its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 43.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,161 shares of the business services provider’s stock after selling 76,085 shares during the period. South Dakota Investment Council’s holdings in National CineMedia were worth $645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC acquired a new position in shares of National CineMedia in the third quarter valued at approximately $97,000. Ieq Capital LLC purchased a new position in National CineMedia in the 4th quarter valued at $93,000. Centiva Capital LP acquired a new position in National CineMedia in the 3rd quarter valued at $219,000. MetLife Investment Management LLC purchased a new position in National CineMedia during the 3rd quarter worth $292,000. Finally, SG Americas Securities LLC lifted its stake in shares of National CineMedia by 39.7% in the 4th quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider’s stock worth $287,000 after acquiring an additional 12,281 shares during the period. 69.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NCMI has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday. Barrington Research boosted their target price on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wedbush reissued a “neutral” rating and issued a $7.50 price target (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.06.

Insider Transactions at National CineMedia

In related news, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the transaction, the executive vice president now directly owns 66,987 shares of the company’s stock, valued at approximately $436,085.37. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

National CineMedia Stock Up 2.1 %

NCMI stock opened at $6.83 on Tuesday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $6.70 and its 200 day moving average price is $6.80. National CineMedia, Inc. has a 52 week low of $3.70 and a 52 week high of $7.60. The company has a market cap of $648.27 million, a P/E ratio of -27.32 and a beta of 2.06.

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.