National CineMedia, Inc. (NASDAQ:NCMI) Stake Boosted by State Street Corp

State Street Corp grew its position in National CineMedia, Inc. (NASDAQ:NCMI) by 23.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,157,488 shares of the business services provider’s stock after buying an additional 222,498 shares during the quarter. State Street Corp’s holdings in National CineMedia were worth $8,160,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NCMI. Squarepoint Ops LLC boosted its stake in 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. Oppenheimer Asset Management Inc. grew its holdings in shares of National CineMedia by 16.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 56,277 shares of the business services provider’s stock valued at $397,000 after buying an additional 7,859 shares in the last quarter. Intech Investment Management LLC acquired a new position in National CineMedia during the third quarter valued at $97,000. American Century Companies Inc. boosted its position in National CineMedia by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock worth $393,000 after acquiring an additional 15,177 shares during the period. Finally, Hill Investment Group Partners LLC grew its stake 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. 69.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NCMI has been the subject of a number of research analyst reports. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Benchmark reaffirmed a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research note on Monday, September 23rd. Barrington Research increased their price objective on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $7.50 target price (up from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $8.06.

National CineMedia Trading Down 1.9 %

Shares of NCMI stock opened at $6.61 on Friday. National CineMedia, Inc. has a 12 month low of $3.65 and a 12 month high of $7.60. The company has a market cap of $627.39 million, a PE ratio of -26.44 and a beta of 2.07. 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 business’s 50 day moving average is $6.93 and its two-hundred day moving average is $6.29.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The firm had revenue of $62.40 million during the quarter, compared to the consensus estimate of $58.20 million. During the same quarter last year, the business earned $0.33 EPS. Equities analysts predict that National CineMedia, Inc. will post -0.14 EPS for the current 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.