Marathon Trading Investment Management LLC Has $92,000 Stock Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

Marathon Trading Investment Management LLC trimmed its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 77.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,925 shares of the business services provider’s stock after selling 73,575 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in National CineMedia were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NCMI. Jump Financial LLC bought a new stake in National CineMedia in the 4th quarter valued at about $218,000. Hotchkis & Wiley Capital Management LLC increased its holdings in National CineMedia by 35.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 4,740,197 shares of the business services provider’s stock worth $19,624,000 after purchasing an additional 1,245,650 shares in the last quarter. Wellington Management Group LLP increased its holdings in National CineMedia by 16.3% during the 4th quarter. Wellington Management Group LLP now owns 1,336,947 shares of the business services provider’s stock worth $5,535,000 after purchasing an additional 187,613 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in National CineMedia by 38.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after purchasing an additional 6,690 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in National CineMedia by 37.6% during the 1st quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock worth $10,127,000 after purchasing an additional 537,822 shares in the last quarter. 69.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NCMI shares. Benchmark reissued a “speculative buy” rating and set a $6.00 price objective on shares of National CineMedia in a report on Tuesday, August 6th. B. Riley boosted their price objective on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. Wedbush reaffirmed a “neutral” rating and issued a $6.00 target price on shares of National CineMedia in a report on Tuesday, August 6th. Finally, Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 target price for the company in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

National CineMedia Price Performance

National CineMedia stock opened at $7.00 on Thursday. National CineMedia, Inc. has a 12 month low of $3.51 and a 12 month high of $7.10. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is $6.16 and its 200 day simple moving average is $5.25. The company has a market cap of $676.01 million, a price-to-earnings ratio of 0.21 and a beta of 2.08.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The firm had revenue of $54.70 million during the quarter, compared to analysts’ expectations of $49.87 million. During the same quarter in the previous year, the company posted ($0.07) EPS. Sell-side analysts forecast that National CineMedia, Inc. will post -0.02 EPS for the current year.

National CineMedia Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.