Blantyre Capital Ltd buys $2.48 million in National CineMedia shares

Blantyre Capital Ltd, along with other associated entities, has made significant purchases of National CineMedia, Inc. (NASDAQ:NCMI) stock, according to a recent SEC filing. Over several transactions on March 7, 10, and 11, the firms acquired a total of 419,290 shares, amounting to approximately $2.48 million. The shares were bought at prices ranging from $5.12 to $5.32. According to InvestingPro data, NCMI currently trades at $5.35, with the stock showing significant volatility and a 16% decline over the past week.

These acquisitions were made by multiple entities under the Blantyre Capital umbrella, including BSSF II Ireland DAC and BSSF III DAC, among others. The shares are held indirectly, with Blantyre Capital Limited serving as the investment advisor for these fund vehicles. Mubashir Mukadam, a key figure at Blantyre Capital, is noted as a director and managing partner involved in these transactions. With NCMI’s earnings scheduled for March 19 and analysts projecting profitability this year, these institutional moves are particularly noteworthy.

The purchases reflect Blantyre Capital’s continued interest in National CineMedia, a company known for its in-theater advertising services. As of the latest transactions, the entities affiliated with Blantyre Capital collectively hold substantial shares in National CineMedia. The company maintains a strong financial health score according to InvestingPro, with a current ratio of 2.42 and more cash than debt on its balance sheet. Discover 8 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.

In other recent news, National CineMedia reported its fourth-quarter 2024 earnings, revealing a revenue of $86.3 million, slightly exceeding guidance, although the full-year revenue fell to $240.8 million from $259.8 million in 2023. Despite the annual revenue decline, the company significantly improved its free cash flow to $54.5 million from a negative $48.8 million the previous year, showcasing enhanced operational efficiency. Benchmark analysts maintained a Buy rating with an $8.00 price target on the company’s stock, citing a strong advertising performance in the fourth quarter and effective cost management. The firm anticipates short-term challenges in the first quarter of 2025 but remains optimistic about the company’s long-term growth prospects. National CineMedia’s strategic focus on innovation was highlighted by the launch of new products, including the NCMX data platform, and the expansion of advertising solutions. The company also authorized a $100 million share repurchase program, demonstrating financial flexibility. Looking ahead, National CineMedia expects a challenging first quarter in 2025 but is encouraged by the promising film slate and increased advertiser interest for the remainder of the year. The company plans to provide more insights during its Investor Day on March 13, 2025, in New York City.

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