Quantitative Systematic Strategies LLC increased its position in shares of National CineMedia Inc. (NASDAQ:NCMI) by 17.0% during the second quarter, Holdings Channel reports. The firm owned 11,708 shares of the company’s stock after buying an additional 1,699 shares during the period. Quantitative Systematic Strategies LLC’s holdings in National CineMedia were worth $174,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LaSalle Street Capital Management LLC boosted its position in shares of National CineMedia by 2.4% in the second quarter. LaSalle Street Capital Management LLC now owns 15,236 shares of the company’s stock worth $236,000 after buying an additional 354 shares during the period. First Dallas Securities Inc. boosted its position in shares of National CineMedia by 4.6% in the second quarter. First Dallas Securities Inc. now owns 17,173 shares of the company’s stock worth $266,000 after buying an additional 749 shares during the period. Mariner Wealth Advisors LLC bought a new position in shares of National CineMedia during the first quarter worth about $423,000. Springbok Capital Management LLC boosted its position in shares of National CineMedia by 273.0% in the first quarter. Springbok Capital Management LLC now owns 48,559 shares of the company’s stock worth $739,000 after buying an additional 35,540 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of National CineMedia by 2.6% in the first quarter. Goldman Sachs Group Inc. now owns 56,189 shares of the company’s stock worth $855,000 after buying an additional 1,434 shares during the period. 93.23% of the stock is owned by institutional investors.
Shares of National CineMedia Inc. (NASDAQ:NCMI) traded up 0.21% during mid-day trading on Tuesday, reaching $14.10. 190,798 shares of the company were exchanged. The firm has a market capitalization of $843.69 million, a PE ratio of 50.72 and a beta of 0.43. The company’s 50 day moving average price is $14.63 and its 200 day moving average price is $14.78. National CineMedia Inc. has a 12 month low of $13.47 and a 12 month high of $16.33.
National CineMedia (NASDAQ:NCMI) last posted its earnings results on Monday, August 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $115.40 million for the quarter, compared to analyst estimates of $115.52 million. National CineMedia had a net margin of 3.82% and a negative return on equity of 12.56%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities analysts anticipate that National CineMedia Inc. will post $0.40 earnings per share for the current year.
A number of brokerages have issued reports on NCMI. Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. B. Riley reaffirmed a “buy” rating and issued a $18.75 target price (down from $20.00) on shares of National CineMedia in a report on Tuesday, August 9th. Stifel Nicolaus cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Wedbush reissued an “outperform” rating and set a $17.50 price objective (down from $19.00) on shares of National CineMedia in a research note on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.72.
About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. The Company is engaged in advertising business.
Want to see what other hedge funds are holding NCMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National CineMedia Inc. (NASDAQ:NCMI).
Receive News & Ratings for National CineMedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.