National Cinemedia (NCMI) Holder Weitz Investment Management Trimmed Its Position as Market Value Declined; As Diageo Plc (DEO) Shares Declined, Causeway Capital Management Upped by $613,346 Its Holding

April 17, 2018 - By Marie Mckinney

Diageo plc (NYSE:DEO) Logo

Causeway Capital Management Llc increased its stake in Diageo Plc (DEO) by 4.07% based on its latest 2017Q4 regulatory filing with the SEC. Causeway Capital Management Llc bought 4,201 shares as the company’s stock declined 7.16% with the market. The institutional investor held 107,513 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $15.70M, up from 103,312 at the end of the previous reported quarter. Causeway Capital Management Llc who had been investing in Diageo Plc for a number of months, seems to be bullish on the $84.10 billion market cap company. The stock decreased 0.69% or $0.97 during the last trading session, reaching $140.12. About 309,655 shares traded. Diageo plc (NYSE:DEO) has risen 14.00% since April 17, 2017 and is uptrending. It has outperformed by 2.45% the S&P500.

Weitz Investment Management Inc decreased its stake in National Cinemedia Inc (NCMI) by 75% based on its latest 2017Q4 regulatory filing with the SEC. Weitz Investment Management Inc sold 450,000 shares as the company’s stock declined 22.97% with the market. The institutional investor held 150,000 shares of the consumer services company at the end of 2017Q4, valued at $1.03M, down from 600,000 at the end of the previous reported quarter. Weitz Investment Management Inc who had been investing in National Cinemedia Inc for a number of months, seems to be less bullish one the $916.22M market cap company. The stock increased 0.52% or $0.03 during the last trading session, reaching $5.81. About 127,192 shares traded. National CineMedia, Inc. (NASDAQ:NCMI) has declined 57.75% since April 17, 2017 and is downtrending. It has underperformed by 69.30% the S&P500.

Among 26 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 7 Hold. Therefore 62% are positive. Diageo had 42 analyst reports since July 31, 2015 according to SRatingsIntel. Shore Capital maintained the stock with “Hold” rating in Wednesday, September 23 report. The stock of Diageo plc (NYSE:DEO) has “Buy” rating given on Thursday, September 24 by Natixis. The company was maintained on Thursday, September 28 by Jefferies. The rating was downgraded by Citigroup on Thursday, May 25 to “Neutral”. Credit Suisse upgraded Diageo plc (NYSE:DEO) on Thursday, October 29 to “Outperform” rating. The firm earned “Hold” rating on Monday, October 3 by Liberum Capital. The stock of Diageo plc (NYSE:DEO) has “Buy” rating given on Monday, April 24 by Jefferies. The stock has “Buy” rating by Jefferies on Friday, September 1. The stock has “Buy” rating by Investec on Thursday, August 6. Societe Generale upgraded the stock to “Hold” rating in Monday, June 27 report.

Causeway Capital Management Llc, which manages about $27.14 billion and $9.43 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 147,051 shares to 3.57M shares, valued at $305.67 million in 2017Q4, according to the filing. It also reduced its holding in Korea Electric Pwr (NYSE:KEP) by 42,600 shares in the quarter, leaving it with 168,300 shares, and cut its stake in Sm Energy Co (NYSE:SM).

Among 12 analysts covering National CineMedia Inc (NASDAQ:NCMI), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. National CineMedia Inc had 28 analyst reports since August 7, 2015 according to SRatingsIntel. Credit Suisse upgraded the stock to “Neutral” rating in Wednesday, March 15 report. The stock of National CineMedia, Inc. (NASDAQ:NCMI) has “Buy” rating given on Tuesday, November 8 by Benchmark. The stock of National CineMedia, Inc. (NASDAQ:NCMI) earned “Outperform” rating by FBR Capital on Friday, February 24. Benchmark maintained the shares of NCMI in report on Tuesday, November 10 with “Buy” rating. FBR Capital downgraded National CineMedia, Inc. (NASDAQ:NCMI) on Monday, January 29 to “Hold” rating. The rating was downgraded by FBR Capital on Friday, May 5 to “Market Perform”. The rating was initiated by Credit Suisse with “Outperform” on Friday, February 5. The stock has “Outperform” rating by Credit Suisse on Monday, June 13. The stock of National CineMedia, Inc. (NASDAQ:NCMI) earned “Buy” rating by Zacks on Tuesday, September 22. The firm has “Sell” rating by J.P. Morgan given on Wednesday, November 8.

Analysts await National CineMedia, Inc. (NASDAQ:NCMI) to report earnings on May, 3. They expect $-0.05 earnings per share, up 37.50% or $0.03 from last year’s $-0.08 per share. After $0.27 actual earnings per share reported by National CineMedia, Inc. for the previous quarter, Wall Street now forecasts -118.52% negative EPS growth.

Weitz Investment Management Inc, which manages about $5.99 billion and $2.40 billion US Long portfolio, upped its stake in Liberty Broadband Corp by 15,270 shares to 2.15 million shares, valued at $183.35M in 2017Q4, according to the filing. It also increased its holding in Allergan Plc by 126,505 shares in the quarter, for a total of 650,315 shares, and has risen its stake in Oracle Corp (NYSE:ORCL).

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.33, from 1.39 in 2017Q3. It dropped, as 22 investors sold NCMI shares while 32 reduced holdings. 21 funds opened positions while 36 raised stakes. 63.54 million shares or 0.96% less from 64.16 million shares in 2017Q3 were reported. Oaktree Cap Management LP holds 0.39% of its portfolio in National CineMedia, Inc. (NASDAQ:NCMI) for 3.63M shares. State Common Retirement Fund holds 61,700 shares. Parallax Volatility Advisers Lp accumulated 0% or 9,492 shares. Millennium Mgmt Ltd Liability Corporation has invested 0.01% in National CineMedia, Inc. (NASDAQ:NCMI). Goldman Sachs Grp Inc owns 53,471 shares for 0% of their portfolio. Polaris Ltd Llc, a Massachusetts-based fund reported 83,806 shares. Wells Fargo And Co Mn reported 0% in National CineMedia, Inc. (NASDAQ:NCMI). Bancorp Of Mellon Corporation holds 0% or 1.73 million shares in its portfolio. Virtu Ltd Llc holds 0% or 11,205 shares. Putnam Investments Limited Co stated it has 0% of its portfolio in National CineMedia, Inc. (NASDAQ:NCMI). 95,118 are held by Credit Suisse Ag. Pub Employees Retirement Association Of Colorado accumulated 22,086 shares or 0% of the stock. Clearbridge Investments Llc owns 1,926 shares. Nj State Employees Deferred Compensation Plan has invested 0.05% in National CineMedia, Inc. (NASDAQ:NCMI). Dimensional Fund LP reported 2.05M shares.

Since December 11, 2017, it had 4 insider buys, and 0 sales for $9.37 million activity.

National CineMedia, Inc. (NASDAQ:NCMI) Institutional Positions Chart

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