National CineMedia, Inc. (NASDAQ:NCMI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 11.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,295,424 shares of the business services provider's stock after selling 570,178 shares during the period. JPMorgan Chase & Co. owned about 4.53% of National CineMedia worth $30,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NCMI. Bank of New York Mellon Corp purchased a new position in shares of National CineMedia in the 2nd quarter valued at $979,000. Rhumbline Advisers bought a new stake in National CineMedia during the second quarter valued at about $427,000. American Century Companies Inc. grew its stake in National CineMedia by 20.4% in the second quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider's stock valued at $393,000 after purchasing an additional 15,177 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in National CineMedia by 102.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 48,418 shares of the business services provider's stock worth $213,000 after purchasing an additional 24,521 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in shares of National CineMedia by 20.1% during the second quarter. WINTON GROUP Ltd now owns 103,663 shares of the business services provider's stock valued at $455,000 after buying an additional 17,325 shares during the last quarter. Hedge funds and other institutional investors own 69.49% of the company's stock.

National CineMedia Stock Performance

Shares of NASDAQ NCMI traded down $0.19 during midday trading on Wednesday, reaching $6.23. The company had a trading volume of 602,578 shares, compared to its average volume of 499,174. National CineMedia, Inc. has a 1 year low of $3.65 and a 1 year high of $7.60. The business's 50-day simple moving average is $6.87 and its 200 day simple moving average is $6.41. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock has a market cap of $591.32 million, a P/E ratio of -24.92 and a beta of 2.06.

National CineMedia (NASDAQ:NCMI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The firm had revenue of $62.40 million for the quarter, compared to analysts' expectations of $58.20 million. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, analysts forecast that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Maria Vg Woods sold 23,742 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $6.51, for a total value of $154,560.42. Following the completion of the transaction, the executive vice president now owns 66,987 shares of the company's stock, valued at $436,085.37. The trade was a 26.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NCMI has been the topic of a number of analyst reports. Barrington Research lifted their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Wedbush reaffirmed a "neutral" rating and issued a $7.50 price target (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Benchmark reiterated a "buy" rating and set a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. Finally, StockNews.com upgraded National CineMedia from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.