Arrowpoint Asset Management buys $107,999,534 stake in National CineMedia (NCMI)

National CineMedia (NCMI) : Arrowpoint Asset Management scooped up 643,513 additional shares in National CineMedia during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 6,954,252 shares of National CineMedia which is valued at $107,999,534.National CineMedia makes up approximately 2.10% of Arrowpoint Asset Management’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in NCMI in the latest quarter, The investment management firm added 11,490 additional shares and now holds a total of 84,320 shares of National CineMedia which is valued at $1,309,490.Columbia Partners L L C Investment Management boosted its stake in NCMI in the latest quarter, The investment management firm added 44,228 additional shares and now holds a total of 1,183,981 shares of National CineMedia which is valued at $18,387,225. National CineMedia makes up approx 1.30% of Columbia Partners L L C Investment Management’s portfolio.Dimensional Fund Advisors Lp boosted its stake in NCMI in the latest quarter, The investment management firm added 27,055 additional shares and now holds a total of 2,040,211 shares of National CineMedia which is valued at $32,480,159. National CineMedia makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.

National CineMedia opened for trading at $15.02 and hit $15.21 on the upside on Thursday, eventually ending the session at $15.08, with a gain of 0.87% or 0.13 points. The heightened volatility saw the trading volume jump to 1,94,077 shares. Company has a market cap of $941 M.

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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