What Hedge Funds Think About National CineMedia, Inc. (NCMI)

Page 1 of 2

At the moment, there are a multitude of methods market participants can use to watch their holdings. A pair of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite hedge fund managers can outperform the market by a significant amount (see just how much).

National CineMedia, Inc. (NASDAQ:NCMI)

Just as useful, bullish insider trading activity is a second way to look at the financial markets. As the old adage goes: there are plenty of reasons for an executive to sell shares of his or her company, but only one, very clear reason why they would buy. Several empirical studies have demonstrated the valuable potential of this tactic if “monkeys” know what to do (learn more here).

What’s more, it’s important to discuss the latest info about National CineMedia, Inc. (NASDAQ:NCMI).

What have hedge funds been doing with National CineMedia, Inc. (NASDAQ:NCMI)?

At the end of the second quarter, a total of 13 of the hedge funds we track were long in this stock, a change of -7% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their holdings meaningfully.

When using filings from the hedgies we track, Wallace Weitz’s Wallace R. Weitz & Co. had the largest position in National CineMedia, Inc. (NASDAQ:NCMI), worth close to $32.4 million, accounting for 1.3% of its total 13F portfolio. Sitting at the No. 2 spot is Ryan Frick and Oliver Evans of Dorsal Capital Management, with a $19 million position; 3% of its 13F portfolio is allocated to the company. Some other hedgies that hold long positions include Mark Broach’s Manatuck Hill Partners, Geoffrey Raynor’s Q Investments (Specter Holdings) and Charles Clough’s Clough Capital Partners.

Since National CineMedia, Inc. (NASDAQ:NCMI) has faced dropping sentiment from the smart money’s best and brightest, it’s safe to say that there lies a certain “tier” of fund managers who sold off their entire stakes at the end of the second quarter. Intriguingly, Eric Bannasch’s Cadian Capital dumped the biggest stake of the 450+ funds we track, totaling an estimated $4.7 million in stock, and Bill Miller of Legg Mason Capital Management was right behind this move, as the fund dropped about $0.6 million worth. These moves are intriguing to say the least, as total hedge fund interest was cut by 1 funds at the end of the second quarter.

How have insiders been trading National CineMedia, Inc. (NASDAQ:NCMI)?

Insider buying is at its handiest when the company in focus has seen transactions within the past half-year. Over the latest half-year time period, National CineMedia, Inc. (NASDAQ:NCMI) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to National CineMedia, Inc. (NASDAQ:NCMI). These stocks are Harte-Hanks, Inc. (NYSE:HHS), Millennial Media, Inc. (NYSE:MM), MDC Partners Inc. (USA) (NASDAQ:MDCA), Arbitron Inc. (NYSE:ARB), and Valassis Communications, Inc. (NYSE:VCI). This group of stocks are in the marketing services industry and their market caps match NCMI’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!