Squarepoint Ops LLC Raises Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

Squarepoint Ops LLC grew its position in National CineMedia, Inc. (NASDAQ:NCMI) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,835 shares of the business services provider’s stock after buying an additional 3,132 shares during the quarter. Squarepoint Ops LLC’s holdings in National CineMedia were worth $188,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of National CineMedia in the 2nd quarter worth $56,000. Fermata Advisors LLC purchased a new stake in shares of National CineMedia in the 2nd quarter worth $92,000. Bayesian Capital Management LP purchased a new stake in shares of National CineMedia in the 1st quarter worth $104,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after buying an additional 6,690 shares during the period. Finally, Virtu Financial LLC raised its position in shares of National CineMedia by 13.8% in the 1st quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock worth $135,000 after acquiring an additional 3,172 shares in the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NCMI shares. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price target for the company in a research report on Tuesday, August 6th. Benchmark reissued a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Monday, September 23rd. Wedbush reissued a “neutral” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Tuesday, August 6th. Finally, B. Riley boosted their price target on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.50.

National CineMedia Trading Up 4.3 %

Shares of NASDAQ:NCMI opened at $6.79 on Monday. The business’s 50-day moving average is $6.67 and its 200 day moving average is $5.53. National CineMedia, Inc. has a 1 year low of $3.51 and a 1 year high of $7.25. The firm has a market capitalization of $655.73 million, a P/E ratio of 0.20 and a beta of 2.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.45 and a quick ratio of 2.45.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 5th. The business services provider reported ($0.09) earnings per share (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 business had revenue of $54.70 million for the quarter, compared to analyst estimates of $49.87 million. During the same period in the prior year, the company earned ($0.07) earnings per share. On average, research analysts predict that National CineMedia, Inc. will post -0.04 earnings per share for the current fiscal year.

National CineMedia Company 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.