OmniStar Financial Group Inc. Invests $566,000 in National CineMedia, Inc. (NASDAQ:NCMI)

OmniStar Financial Group Inc. bought a new stake in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,216 shares of the business services provider's stock, valued at approximately $566,000. OmniStar Financial Group Inc. owned approximately 0.08% of National CineMedia as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC grew its holdings in shares of National CineMedia by 141.2% in the third quarter. SG Americas Securities LLC now owns 30,929 shares of the business services provider's stock valued at $218,000 after purchasing an additional 18,108 shares during the period. Luxor Capital Group LP boosted its holdings in National CineMedia by 1,581.1% in the 2nd quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider's stock valued at $2,155,000 after purchasing an additional 461,614 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of National CineMedia in the 2nd quarter valued at approximately $124,000. Squarepoint Ops LLC increased its holdings in shares of National CineMedia by 7.9% during the 2nd quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider's stock worth $188,000 after buying an additional 3,132 shares during the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of National CineMedia by 20.1% during the 2nd 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 period. 69.49% of the stock is owned by institutional investors and hedge funds.

National CineMedia Price Performance

NASDAQ:NCMI remained flat at $7.00 on Friday. 393,349 shares of the company's stock were exchanged, compared to its average volume of 618,839. The stock has a market cap of $676.01 million, a price-to-earnings ratio of 0.21 and a beta of 2.08. National CineMedia, Inc. has a one year low of $3.51 and a one year high of $7.25. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $6.76 and a two-hundred day simple moving average of $5.59.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its earnings results on Monday, August 5th. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. The business had revenue of $54.70 million for the quarter, compared to analysts' expectations of $49.87 million. During the same period in the previous year, the company earned ($0.07) earnings per share. As a group, equities analysts anticipate that National CineMedia, Inc. will post -0.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on NCMI shares. Wedbush reissued a "neutral" rating and set a $6.00 target price on shares of National CineMedia in a research note on Tuesday, August 6th. Barrington Research upgraded shares of National CineMedia from a "market perform" rating to an "outperform" rating and set a $7.50 price objective on the stock in a report on Tuesday, August 6th. B. Riley increased their target price 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, Benchmark reiterated a "buy" rating and set a $8.00 price target on shares of National CineMedia in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $7.50.

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.