Intech Investment Management LLC Invests $97,000 in National CineMedia, Inc. (NASDAQ:NCMI)

Intech Investment Management LLC bought a new stake in National CineMedia, Inc. (NASDAQ:NCMI) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 13,739 shares of the business services provider’s stock, valued at approximately $97,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in National CineMedia in the second quarter valued at $56,000. The Manufacturers Life Insurance Company purchased a new position in shares of National CineMedia in the 2nd quarter valued at about $124,000. Hill Investment Group Partners LLC raised its holdings in National CineMedia by 100.9% in the 2nd quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider’s stock worth $151,000 after purchasing an additional 17,276 shares during the period. Squarepoint Ops LLC boosted its position in National CineMedia by 7.9% during the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock worth $188,000 after purchasing an additional 3,132 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in National CineMedia by 102.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 48,418 shares of the business services provider’s stock valued at $213,000 after purchasing an additional 24,521 shares during the period. 69.49% of the stock is owned by hedge funds and other institutional investors.

National CineMedia Trading Up 2.7 %

Shares of NCMI opened at $7.30 on Monday. National CineMedia, Inc. has a 52-week low of $3.63 and a 52-week high of $7.45. The stock has a market cap of $692.88 million, a PE ratio of -29.20 and a beta of 2.07. The firm’s fifty day moving average is $6.87 and its two-hundred day moving average is $6.13. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The business had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $58.20 million. During the same period in the prior year, the business posted $0.33 earnings per share. Research analysts forecast that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. Barrington Research lifted their target price on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Finally, B. Riley raised their price target on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, National CineMedia currently has a consensus rating of “Moderate Buy” and an average price target of $8.06.

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.