Hotchkis & Wiley Capital Management LLC Purchases 365,360 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Hotchkis & Wiley Capital Management LLC boosted its stake in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,936,947 shares of the business services provider's stock after purchasing an additional 365,360 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 7.31% of National CineMedia worth $48,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Centiva Capital LP bought a new position in National CineMedia during the 3rd quarter worth about $219,000. MetLife Investment Management LLC acquired a new stake in shares of National CineMedia in the third quarter valued at about $292,000. Dynamic Technology Lab Private Ltd purchased a new position in National CineMedia during the third quarter worth approximately $316,000. Charles Schwab Investment Management Inc. boosted its position in shares of National CineMedia by 240.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider's stock valued at $5,088,000 after acquiring an additional 509,756 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in National CineMedia during the third quarter worth $97,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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 report on Monday, November 4th. Benchmark reiterated a "buy" rating and issued a $8.00 price objective on shares of National CineMedia in a research note on Monday, September 23rd. StockNews.com upgraded shares of National CineMedia from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th. Barrington Research increased their target price on shares of National CineMedia from $7.50 to $8.25 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, B. Riley increased their price target on National CineMedia from $7.50 to $8.50 and gave the stock a "buy" rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $8.06.

National CineMedia Stock Down 0.1 %

NCMI stock traded down $0.01 during midday trading on Tuesday, reaching $7.29. The company had a trading volume of 584,371 shares, compared to its average volume of 600,031. The company has a market capitalization of $691.93 million, a P/E ratio of -29.16 and a beta of 2.07. The company has a 50 day moving average of $6.86 and a two-hundred day moving average of $6.07. National CineMedia, Inc. has a 1 year low of $3.63 and a 1 year high of $7.39. 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 (NASDAQ:NCMI - Get Free Report) 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 the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $62.40 million for 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 earnings per share. On average, equities research analysts expect that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.

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.