Charles Schwab Investment Management Inc. Purchases 509,756 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Charles Schwab Investment Management Inc. increased its position in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 240.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 721,697 shares of the business services provider's stock after buying an additional 509,756 shares during the period. Charles Schwab Investment Management Inc. owned about 0.76% of National CineMedia worth $5,088,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NCMI. SG Americas Securities LLC purchased a new position in shares of National CineMedia during the second quarter valued at about $56,000. Intech Investment Management LLC bought a new stake in National CineMedia in the 3rd quarter worth approximately $97,000. The Manufacturers Life Insurance Company purchased a new stake in shares of National CineMedia during the 2nd quarter worth approximately $124,000. Hill Investment Group Partners LLC boosted its position in shares of 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 during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of National CineMedia by 7.9% in the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider's stock valued at $188,000 after purchasing an additional 3,132 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NCMI shares. Barrington Research increased their price target on shares of National CineMedia from $7.50 to $8.25 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Benchmark reiterated a "buy" rating and issued a $8.00 target price on shares of National CineMedia in a report on Monday, September 23rd. StockNews.com upgraded National CineMedia from a "sell" rating to a "hold" rating in a report on Friday, December 6th. B. Riley lifted their price objective on shares of National CineMedia from $7.50 to $8.50 and gave the stock a "buy" rating in a research note on Friday, August 16th. Finally, 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. 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $8.06.

National CineMedia Stock Down 0.9 %

NCMI stock traded down $0.07 during trading on Friday, hitting $7.30. The company had a trading volume of 181,564 shares, compared to its average volume of 608,196. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 52-week low of $3.63 and a 52-week high of $7.60. The company has a 50 day simple moving average of $6.91 and a 200-day simple moving average of $6.18.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $58.20 million. During the same period last year, the company earned $0.33 EPS. As a group, research analysts predict that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.

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.