Barclays PLC Sells 263,241 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Barclays PLC cut its stake in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 17.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,215,513 shares of the business services provider's stock after selling 263,241 shares during the period. Barclays PLC owned 1.28% of National CineMedia worth $8,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NCMI. National Bank of Canada FI grew its holdings in National CineMedia by 98.0% in the third quarter. National Bank of Canada FI now owns 153,492 shares of the business services provider's stock worth $1,082,000 after purchasing an additional 75,978 shares during the period. State Street Corp raised its stake in National CineMedia by 23.8% during the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider's stock worth $8,160,000 after buying an additional 222,498 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in National CineMedia by 5.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider's stock worth $48,905,000 after acquiring an additional 365,360 shares in the last quarter. Centiva Capital LP acquired a new stake in National CineMedia in the third quarter valued at approximately $219,000. Finally, MetLife Investment Management LLC bought a new stake in shares of National CineMedia during the third quarter valued at approximately $292,000. Institutional investors and hedge funds own 69.49% of the company's stock.

National CineMedia Stock Performance

Shares of NASDAQ NCMI traded up $0.08 during trading on Wednesday, reaching $7.05. 227,806 shares of the stock traded hands, compared to its average volume of 607,866. The stock has a market capitalization of $669.15 million, a P/E ratio of -27.88 and a beta of 2.07. National CineMedia, Inc. has a 52-week low of $3.63 and a 52-week high of $7.60. 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 company has a 50-day moving average of $6.95 and a 200-day moving average of $6.22.

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued 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 company had revenue of $62.40 million during the quarter, compared to the consensus estimate of $58.20 million. During the same quarter in the prior year, the business earned $0.33 EPS. Analysts forecast that National CineMedia, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on NCMI shares. StockNews.com raised shares of National CineMedia from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Wedbush reiterated a "neutral" rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Barrington Research raised their price objective on National CineMedia from $7.50 to $8.25 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, Benchmark reiterated a "buy" rating and issued a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to 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.