National CineMedia, Inc. (NASDAQ:NCMI) Stake Increased by Rhumbline Advisers

Rhumbline Advisers boosted its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,069 shares of the business services provider’s stock after acquiring an additional 3,219 shares during the period. Rhumbline Advisers owned 0.11% of National CineMedia worth $711,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NCMI. Kings Path Partners LLC acquired a new stake in shares of National CineMedia in the 4th quarter valued at about $408,000. Charles Schwab Investment Management Inc. increased its holdings in National CineMedia by 240.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after buying an additional 509,756 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in National CineMedia during the third quarter valued at approximately $292,000. State Street Corp lifted its holdings in National CineMedia by 23.8% during the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after buying an additional 222,498 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in National CineMedia by 39.7% during the 4th quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider’s stock worth $287,000 after buying an additional 12,281 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 completion of the transaction, the executive vice president now owns 66,987 shares in the company, valued at approximately $436,085.37. The trade was a 26.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

National CineMedia Stock Down 17.8 %

National CineMedia stock opened at $5.22 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. National CineMedia, Inc. has a one year low of $3.70 and a one year high of $7.60. The company has a 50-day simple moving average of $6.67 and a 200-day simple moving average of $6.81. The firm has a market capitalization of $495.46 million, a P/E ratio of -20.88 and a beta of 2.06.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The firm had revenue of $86.30 million during the quarter, compared to analysts’ expectations of $84.77 million. As a group, equities analysts expect that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NCMI. Wedbush reiterated a “neutral” rating and issued a $7.50 price target on shares of National CineMedia in a report on Wednesday. StockNews.com lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Friday. William Blair reaffirmed a “neutral” rating and set a $7.50 price objective on shares of National CineMedia in a research report on Friday. Finally, Barrington Research dropped their price objective on shares of National CineMedia from $8.25 to $7.00 and set an “outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, National CineMedia presently has an average rating of “Hold” and an average price target of $7.70.

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.