National CineMedia, Inc. (NASDAQ:NCMI) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 16.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 56,277 shares of the business services provider’s stock after acquiring an additional 7,859 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in National CineMedia were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of National CineMedia by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock valued at $18,460,000 after buying an additional 18,347 shares during the period. Quadrature Capital Ltd acquired a new position in National CineMedia in the first quarter valued at approximately $298,000. Gendell Jeffrey L purchased a new position in National CineMedia in the first quarter worth approximately $2,352,000. Bayesian Capital Management LP purchased a new position in National CineMedia in the first quarter worth approximately $104,000. Finally, Ancora Advisors LLC increased its stake in National CineMedia by 64.2% during the first quarter. Ancora Advisors LLC now owns 1,136,476 shares of the business services provider’s stock worth $5,853,000 after acquiring an additional 444,433 shares during the last quarter. 69.49% of the stock is owned by hedge funds and other institutional investors.

National CineMedia Stock Down 0.3 %

National CineMedia stock opened at $6.76 on Wednesday. The firm has a market capitalization of $641.66 million, a P/E ratio of -27.04 and a beta of 2.07. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a twelve month low of $3.63 and a twelve month high of $7.39. The stock’s fifty day simple moving average is $6.85 and its 200-day simple moving average is $5.93.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barrington Research increased their price target on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $7.50 price target (up from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. Finally, B. Riley raised their target price on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.06.

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.