The Manufacturers Life Insurance Company Buys New Position in National CineMedia, Inc. (NASDAQ:NCMI)

The Manufacturers Life Insurance Company purchased a new stake in National CineMedia, Inc. (NASDAQ:NCMI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 28,171 shares of the business services provider’s stock, valued at approximately $124,000.

Several other large investors have also added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its position in shares of National CineMedia by 7.9% in the 2nd 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 during the period. WINTON GROUP Ltd raised its stake in National CineMedia by 20.1% in the second quarter. WINTON GROUP Ltd now owns 103,663 shares of the business services provider’s stock worth $455,000 after buying an additional 17,325 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake 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 worth $213,000 after buying an additional 24,521 shares in the last quarter. American Century Companies Inc. lifted its holdings in National CineMedia by 20.4% in the second quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock worth $393,000 after buying an additional 15,177 shares during the period. Finally, Hill Investment Group Partners LLC boosted its position in National CineMedia by 100.9% during the 2nd quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 17,276 shares in the last quarter. Institutional investors own 69.49% of the company’s stock.

National CineMedia Price Performance

NCMI stock opened at $7.00 on Monday. The business has a 50 day moving average of $6.76 and a 200 day moving average of $5.59. The firm has a market cap of $676.01 million, a PE ratio of 0.21 and a beta of 2.08. National CineMedia, Inc. has a twelve month low of $3.51 and a twelve month high of $7.25. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI) last posted its quarterly 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). The company had revenue of $54.70 million during the quarter, compared to analysts’ expectations of $49.87 million. National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. During the same period in the prior year, the firm earned ($0.07) EPS. On average, research analysts forecast that National CineMedia, Inc. will post -0.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. B. Riley raised their target price on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Barrington Research upgraded shares of National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a report on Tuesday, August 6th. Wedbush reaffirmed a “neutral” rating and issued a $6.00 target price on shares of National CineMedia in a research report on Tuesday, August 6th. Finally, Benchmark reissued a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research report on Monday, September 23rd. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.50.

About National CineMedia

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.