Blantyre capital acquires $2.48 million in National CineMedia stock

Blantyre Capital Ltd, an investment firm, has significantly increased its stake in National CineMedia, Inc. (NASDAQ:NCMI) with a series of stock purchases. According to a recent SEC filing, Blantyre Capital acquired a total of 420,290 shares in multiple transactions over a period from March 7 to March 11, 2025. The transactions, which were made at prices ranging from $5.12 to $5.32 per share, amounted to a total investment of approximately $2.48 million. The timing is notable as InvestingPro data shows NCMI’s stock has declined over 16% in the past week, with current analysis indicating the stock is trading below its Fair Value.

These transactions were executed indirectly through various entities associated with Blantyre Capital, including BSSF II Ireland DAC and BSSF III DAC, among others. The purchases reflect Blantyre Capital’s continued interest in National CineMedia, a leading cinema advertising network with strong fundamentals, including a healthy current ratio of 2.42 and robust revenue growth of 45.76% in the last twelve months.

The filing indicates that Blantyre Capital serves as the investment advisor for the fund vehicles that directly hold the reported securities. Mubashir Mukadam, serving as a director and Chief Investment Officer of Blantyre Capital, signed the filing, underscoring the firm’s strategic investment decisions. With NCMI’s next earnings report due on March 19, 2025, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports.

In other recent news, National CineMedia reported its fourth-quarter 2024 earnings, highlighting a revenue of $86.3 million, which slightly exceeded guidance. Despite a decrease in annual revenue to $240.8 million from $259.8 million in 2023, the company improved its cash flow significantly, moving from a negative $48.8 million to a positive $54.5 million. Benchmark analysts maintained their Buy rating with an $8.00 price target, citing the company’s strong fourth-quarter performance and disciplined cost management. The analysts acknowledged short-term challenges but remained optimistic about long-term growth, supported by a promising film slate for 2025 and increased advertiser interest. National CineMedia’s recent developments also include the launch of new products like the NCMX data platform and expanded advertising solutions. Additionally, the company reported that its adjusted operating income before depreciation and amortization (OIBDA) exceeded guidance, reflecting effective cost management. Looking ahead, National CineMedia anticipates a challenging first quarter in 2025 but is optimistic about stronger performance in subsequent quarters.

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