Intech Investment Management LLC Makes New $97,000 Investment in National CineMedia, Inc. (NASDAQ:NCMI)

Intech Investment Management LLC purchased a new stake in National CineMedia, Inc. (NASDAQ:NCMI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,739 shares of the business services provider’s stock, valued at approximately $97,000.

Several other large investors have also modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of National CineMedia during the 2nd quarter worth about $56,000. The Manufacturers Life Insurance Company purchased a new position in National CineMedia during the second quarter worth about $124,000. Hill Investment Group Partners LLC increased its position in shares of National CineMedia by 100.9% during the second 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 during the last quarter. Squarepoint Ops LLC raised its stake in shares of National CineMedia by 7.9% in the 2nd quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock valued at $188,000 after acquiring an additional 3,132 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of National CineMedia by 102.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 48,418 shares of the business services provider’s stock worth $213,000 after acquiring an additional 24,521 shares during the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Stock Performance

Shares of NCMI opened at $7.30 on Monday. National CineMedia, Inc. has a 1 year low of $3.63 and a 1 year high of $7.45. The stock has a market capitalization of $692.88 million, a PE ratio of -29.20 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. The stock has a 50-day simple moving average of $6.87 and a 200-day simple moving average of $6.13.

National CineMedia (NASDAQ:NCMI) last issued 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 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 analysts’ expectations of $58.20 million. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, analysts predict that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

NCMI has been the subject of several research reports. B. Riley lifted their target price on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a report on Friday, August 16th. Benchmark reissued a “buy” rating and set a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. Barrington Research lifted their target price on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Friday. Finally, Wedbush reiterated a “neutral” rating and set a $7.50 target price (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.06.

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.