SG Americas Securities LLC Has $287,000 Stock Position in National CineMedia, Inc. (NASDAQ:NCMI)

SG Americas Securities LLC increased its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 39.7% during the fourth quarter, Holdings Channel reports. The firm owned 43,210 shares of the business services provider’s stock after acquiring an additional 12,281 shares during the period. SG Americas Securities LLC’s holdings in National CineMedia were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NCMI. Hotchkis & Wiley Capital Management LLC increased its holdings in National CineMedia by 5.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock valued at $48,905,000 after buying an additional 365,360 shares during the period. Geode Capital Management LLC boosted its stake in National CineMedia by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider’s stock valued at $13,835,000 after buying an additional 15,605 shares in the last quarter. State Street Corp grew its position in National CineMedia by 23.8% in the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock valued at $8,160,000 after acquiring an additional 222,498 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in National CineMedia by 240.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock worth $5,088,000 after acquiring an additional 509,756 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of National CineMedia by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider’s stock worth $3,164,000 after acquiring an additional 7,130 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

Wall Street Analysts Forecast Growth

NCMI has been the topic of several recent research reports. StockNews.com downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Monday, January 20th. Barrington Research lifted their price target on shares of National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Wedbush reissued a “neutral” rating and issued a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.06.

National CineMedia Price Performance

NCMI stock opened at $7.00 on Thursday. 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 company’s fifty day simple moving average is $6.76 and its 200 day simple moving average is $6.68. National CineMedia, Inc. has a 12-month low of $3.65 and a 12-month high of $7.60. The firm has a market cap of $664.41 million, a price-to-earnings ratio of -28.00 and a beta of 2.06.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share 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 the consensus estimate of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, analysts expect that National CineMedia, Inc. will post -0.14 earnings per share for the current year.

Insider Activity

In related news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the transaction, the executive vice president now owns 66,987 shares of the company’s stock, valued at approximately $436,085.37. This trade represents a 26.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by company insiders.

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.