Dynamic Technology Lab Private Ltd Takes $316,000 Position in National CineMedia, Inc. (NASDAQ:NCMI)

Dynamic Technology Lab Private Ltd acquired a new position in shares of National CineMedia, Inc. (NASDAQ:NCMI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,810 shares of the business services provider’s stock, valued at approximately $316,000.

A number of other institutional investors have also recently bought and sold shares of NCMI. SG Americas Securities LLC purchased a new stake in shares of National CineMedia during the 2nd quarter worth about $56,000. Intech Investment Management LLC bought a new position in National CineMedia during the third quarter valued at approximately $97,000. Fermata Advisors LLC acquired a new stake in National CineMedia in the second quarter valued at approximately $92,000. Virtu Financial LLC grew its position in National CineMedia by 13.8% in the first quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock worth $135,000 after acquiring an additional 3,172 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of National CineMedia during the 2nd quarter worth $124,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Stock Performance

NCMI opened at $6.95 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $6.85 and its two-hundred day moving average price is $6.03. The firm has a market capitalization of $659.66 million, a P/E ratio of -27.80 and a beta of 2.07. National CineMedia, Inc. has a 12-month low of $3.63 and a 12-month high of $7.39.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $62.40 million during the quarter, compared to analyst estimates 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 business posted $0.33 EPS. On average, equities analysts forecast that National CineMedia, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NCMI shares. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a research note on Monday, September 23rd. StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. B. Riley increased their price objective on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a report on Friday, August 16th. Barrington Research upped their target price on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $7.50 price objective (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, National CineMedia presently has an average rating of “Moderate Buy” and a consensus target price 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.