Harbor Capital Advisors Inc. Has $559,000 Stock Holdings in National CineMedia, Inc. $NCMI

Harbor Capital Advisors Inc. decreased its position in National CineMedia, Inc. (NASDAQ:NCMI) by 72.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 123,942 shares of the business services provider’s stock after selling 325,717 shares during the period. Harbor Capital Advisors Inc.’s holdings in National CineMedia were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of NCMI. Strs Ohio bought a new stake in shares of National CineMedia during the first quarter valued at approximately $43,000. Legal & General Group Plc increased its holdings in National CineMedia by 137.1% in the 2nd quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock valued at $69,000 after buying an additional 8,285 shares during the period. Ieq Capital LLC raised its stake in shares of National CineMedia by 21.4% in the 1st quarter. Ieq Capital LLC now owns 17,001 shares of the business services provider’s stock valued at $99,000 after buying an additional 3,001 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of National CineMedia in the 1st quarter valued at $120,000. Finally, JT Stratford LLC bought a new position in shares of National CineMedia during the 2nd quarter worth about $140,000. Institutional investors own 69.49% of the company’s stock.

National CineMedia Price Performance

NCMI stock opened at $3.92 on Monday. The stock has a market capitalization of $367.81 million, a price-to-earnings ratio of -26.13 and a beta of 1.36. The business has a fifty day moving average price of $4.12 and a 200 day moving average price of $4.48. National CineMedia, Inc. has a fifty-two week low of $3.81 and a fifty-two week high of $7.25.

National CineMedia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were given a dividend of $0.03 per share. The ex-dividend date was Monday, November 10th. This represents a $0.12 annualized dividend and a yield of 3.1%. National CineMedia’s dividend payout ratio is -80.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Wedbush reissued an “outperform” rating and issued a $6.00 target price (down from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Barrington Research decreased their price target on National CineMedia from $7.00 to $6.50 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Zacks Research upgraded National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of National CineMedia in a report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.60.

Insider Buying and Selling

In other National CineMedia news, EVP Maria Vg Woods sold 9,039 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $4.44, for a total value of $40,133.16. Following the completion of the sale, the executive vice president owned 118,998 shares in the company, valued at approximately $528,351.12. This trade represents a 7.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently 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.