National CineMedia, Inc. (NASDAQ:NCMI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 33.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,017 shares of the business services provider’s stock after selling 27,013 shares during the period. Jane Street Group LLC owned 0.06% of National CineMedia worth $381,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of National CineMedia in the third quarter valued at approximately $97,000. The Manufacturers Life Insurance Company acquired a new position in shares of National CineMedia in the second quarter valued at approximately $124,000. SG Americas Securities LLC increased its holdings in shares of National CineMedia by 141.2% in the third quarter. SG Americas Securities LLC now owns 30,929 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 18,108 shares during the period. Centiva Capital LP acquired a new position in shares of National CineMedia in the third quarter valued at approximately $219,000. Finally, MetLife Investment Management LLC acquired a new position in shares of National CineMedia in the third quarter valued at approximately $292,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Stock Down 3.0 %

National CineMedia stock opened at $6.23 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. National CineMedia, Inc. has a 1-year low of $3.65 and a 1-year high of $7.60. The company has a market cap of $591.32 million, a PE ratio of -24.92 and a beta of 2.06. The stock’s 50 day moving average price is $6.85 and its 200 day moving average price is $6.41.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barrington Research boosted their target price on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $7.50 price target (up from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research note on Monday, September 23rd. Finally, StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, National CineMedia has an average rating of “Moderate Buy” and a consensus target price of $8.06.

Insiders Place Their Bets

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the sale, the executive vice president now directly owns 66,987 shares in the company, valued at approximately $436,085.37. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by company insiders.

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.