National CineMedia, Inc. (NASDAQ:NCMI) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 124.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,338 shares of the business services provider's stock after purchasing an additional 260,689 shares during the period. Harbor Capital Advisors Inc. owned about 0.49% of National CineMedia worth $3,309,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NCMI. SG Americas Securities LLC acquired a new stake in National CineMedia in the 2nd quarter valued at about $56,000. Bayesian Capital Management LP acquired a new position in National CineMedia during the 1st quarter worth approximately $104,000. Fermata Advisors LLC purchased a new stake in shares of National CineMedia in the 2nd quarter valued at approximately $92,000. Oppenheimer Asset Management Inc. raised its holdings in shares of National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider's stock valued at $123,000 after purchasing an additional 6,690 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in shares of National CineMedia by 13.8% during the 1st quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider's stock worth $135,000 after purchasing an additional 3,172 shares during the last quarter. Institutional investors and hedge funds own 69.49% of the company's stock.

Analysts Set New Price Targets

NCMI has been the subject of a number of recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $6.00 price target on shares of National CineMedia in a report on Tuesday, August 6th. Barrington Research upgraded National CineMedia from a "market perform" rating to an "outperform" rating and set a $7.50 price objective for the company in a research note on Tuesday, August 6th. B. Riley raised their target price on shares of National CineMedia from $7.50 to $8.50 and gave the stock a "buy" rating in a research report on Friday, August 16th. Finally, Benchmark reissued a "buy" rating and set a $8.00 price objective 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 assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, National CineMedia currently has an average rating of "Hold" and a consensus price target of $7.50.

National CineMedia Stock Performance

Shares of National CineMedia stock traded down $0.05 during trading hours on Monday, hitting $7.12. 361,677 shares of the company were exchanged, compared to its average volume of 606,264. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $6.88 and a 200-day moving average of $5.74. National CineMedia, Inc. has a 1 year low of $3.63 and a 1 year high of $7.38. The stock has a market capitalization of $687.60 million, a price-to-earnings ratio of 2.66 and a beta of 2.07.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The firm had revenue of $54.70 million during the quarter, compared to analyst estimates of $49.87 million. During the same quarter in the previous year, the business earned ($0.07) EPS. As a group, analysts expect that National CineMedia, Inc. will post -0.05 EPS 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.