National CineMedia, Inc. (NASDAQ:NCMI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,961,963 shares of the business services provider’s stock after purchasing an additional 15,605 shares during the quarter. Geode Capital Management LLC’s holdings in National CineMedia were worth $13,835,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NCMI. Bank of New York Mellon Corp acquired a new position in shares of National CineMedia in the 2nd quarter valued at $979,000. Rhumbline Advisers purchased a new position in shares of National CineMedia in the 2nd quarter valued at $427,000. Hill Investment Group Partners LLC raised its stake in shares of National CineMedia by 100.9% in 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 during the period. American Century Companies Inc. raised its stake in shares of National CineMedia by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 15,177 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake 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 valued at $213,000 after acquiring an additional 24,521 shares during the period. Institutional investors and hedge funds own 69.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Benchmark reissued a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Wedbush reissued a “neutral” rating and issued a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Finally, Barrington Research raised their target price on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Performance

National CineMedia stock opened at $6.47 on Tuesday. National CineMedia, Inc. has a 12-month low of $3.65 and a 12-month high of $7.60. The company has a market capitalization of $614.10 million, a price-to-earnings ratio of -25.88 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. The firm’s fifty day moving average price is $6.93 and its 200 day moving average price is $6.31.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results 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). 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 for the quarter, compared to analysts’ expectations of $58.20 million. During the same period last year, the firm earned $0.33 EPS. On average, research analysts forecast that National CineMedia, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the transaction, the executive vice president now directly owns 66,987 shares of the company’s stock, valued at $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 is available at the SEC website. 0.25% of the stock is currently owned by insiders.

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.