National CineMedia, Inc. (NASDAQ:NCMI) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI lifted its position in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) by 98.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,492 shares of the business services provider's stock after purchasing an additional 75,978 shares during the period. National Bank of Canada FI owned about 0.16% of National CineMedia worth $1,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NCMI. SG Americas Securities LLC purchased a new position in shares of National CineMedia during the second quarter worth about $56,000. Intech Investment Management LLC purchased a new position in shares of National CineMedia in the 3rd quarter valued at approximately $97,000. The Manufacturers Life Insurance Company acquired a new position in shares of National CineMedia in the second quarter valued at approximately $124,000. Hill Investment Group Partners LLC raised its stake in shares of National CineMedia by 100.9% during the second quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider's stock worth $151,000 after purchasing an additional 17,276 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of National CineMedia by 7.9% during the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider's stock worth $188,000 after purchasing an additional 3,132 shares during the period. 69.49% of the stock is owned by hedge funds and other institutional investors.

National CineMedia Price Performance

Shares of NCMI traded down $0.13 during trading hours on Friday, reaching $7.24. The company had a trading volume of 527,743 shares, compared to its average volume of 609,687. 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 12-month low of $3.63 and a 12-month high of $7.60. The firm has a 50 day simple moving average of $6.93 and a 200-day simple moving average of $6.20. The company has a market capitalization of $687.22 million, a price-to-earnings ratio of -28.96 and a beta of 2.07.

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The company had revenue of $62.40 million during the quarter, compared to analysts' expectations 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 period last year, the business posted $0.33 earnings per share. Research analysts expect that National CineMedia, Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wedbush reissued a "neutral" rating and issued a $7.50 price objective (up from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Benchmark reiterated a "buy" rating and set a $8.00 price target 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 report on Friday, December 6th. Finally, Barrington Research lifted their price objective on National CineMedia from $7.50 to $8.25 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, National CineMedia currently has an average rating of "Moderate Buy" and an average target price 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.