Columbia Partners L L C Investment Management buys $18,387,225 stake in National CineMedia (NCMI)

National CineMedia (NCMI) : Columbia Partners L L C Investment Management scooped up 44,228 additional shares in National CineMedia during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,183,981 shares of National CineMedia which is valued at $18,387,225.National CineMedia makes up approximately 1.30% of Columbia Partners L L C Investment Management’s portfolio.

Other Hedge Funds, Including , Peak6 Investments boosted its stake in NCMI in the latest quarter, The investment management firm added 3,213 additional shares and now holds a total of 7,999 shares of National CineMedia which is valued at $124,224. National CineMedia makes up approx 0.01% of Peak6 Investments’s portfolio.Blair William Coil boosted its stake in NCMI in the latest quarter, The investment management firm added 1,194 additional shares and now holds a total of 22,208 shares of National CineMedia which is valued at $346,223.Stephens Inc Ar boosted its stake in NCMI in the latest quarter, The investment management firm added 4,413 additional shares and now holds a total of 31,054 shares of National CineMedia which is valued at $499,348. National CineMedia makes up approx 0.02% of Stephens Inc Ar’s portfolio.Stanley-laman Group Ltd. boosted its stake in NCMI in the latest quarter, The investment management firm added 1,743 additional shares and now holds a total of 61,820 shares of National CineMedia which is valued at $994,066. National CineMedia makes up approx 0.38% of Stanley-laman Group Ltd.’s portfolio.

National CineMedia closed down -0.2 points or -1.30% at $15.19 with 1,30,153 shares getting traded on Friday. Post opening the session at $15.39, the shares hit an intraday low of $15.18 and an intraday high of $15.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, National CineMedia reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.14. The company had revenue of $115.40 million for the quarter, compared to analysts expectations of $115.52 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on National CineMedia. Shares were Reiterated by FBR Capital on Aug 9, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $18.50 .National CineMedia was Downgraded by Stifel to ” Hold” on Jul 20, 2016.

National CineMedia Inc. (NCM Inc.) is a holding company that manages its consolidated subsidiary National CineMedia LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America through which it sells in-theatre and online advertising and promotions. The Company’s advertising and entertainment pre-show called FirstLook lobby entertainment network (LEN) programming and Fathom Events are distributed across its digital content network (DCN) utilizing its digital content software (DCS). NCM Inc. has no business operations or material assets other than its cash and ownership interest of approximately 45.8% of the common membership units in NCM LLC as of January 1 2015. The Company also sells advertising programming on other forms of advertising and promotions in theatre lobbies and across its online network and a mobile app called Movie Night Out.

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