SG Americas Securities LLC Acquires 18,108 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

SG Americas Securities LLC lifted its position in National CineMedia, Inc. (NASDAQ:NCMI) by 141.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,929 shares of the business services provider’s stock after acquiring an additional 18,108 shares during the period. SG Americas Securities LLC’s holdings in National CineMedia were worth $218,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC raised its position in shares of National CineMedia by 37.6% in the 1st quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock worth $10,127,000 after acquiring an additional 537,822 shares in the last quarter. Wellington Management Group LLP raised its position in shares of National CineMedia by 16.3% in the 4th quarter. Wellington Management Group LLP now owns 1,336,947 shares of the business services provider’s stock worth $5,535,000 after acquiring an additional 187,613 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of National CineMedia by 270.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 208,649 shares of the business services provider’s stock worth $916,000 after acquiring an additional 152,251 shares in the last quarter. Rhumbline Advisers bought a new position in shares of National CineMedia in the 2nd quarter worth approximately $427,000. Finally, Bank of New York Mellon Corp bought a new position in shares of National CineMedia in the 2nd quarter worth approximately $979,000. Institutional investors own 69.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

National CineMedia Stock Performance

Shares of NCMI opened at $6.94 on Wednesday. The business’s fifty day simple moving average is $6.79 and its two-hundred day simple moving average is $5.60. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 12 month low of $3.51 and a 12 month high of $7.25. The company has a market cap of $669.73 million, a price-to-earnings ratio of 0.20 and a beta of 2.08.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 5th. The business services provider reported ($0.09) 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 analysts’ expectations of $49.87 million. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Research analysts anticipate that National CineMedia, Inc. will post -0.04 earnings per share for the current fiscal year.

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.