National CineMedia, Inc. (NASDAQ:NCMI) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC raised its position in National CineMedia, Inc. (NASDAQ:NCMI) by 81.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,551 shares of the business services provider’s stock after acquiring an additional 22,186 shares during the period. AQR Capital Management LLC owned approximately 0.06% of National CineMedia worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in National CineMedia by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 1,656,487 shares of the business services provider’s stock valued at $10,867,000 after acquiring an additional 9,180 shares in the last quarter. Northern Trust Corp boosted its stake in National CineMedia by 0.9% in the second quarter. Northern Trust Corp now owns 1,531,295 shares of the business services provider’s stock valued at $10,046,000 after acquiring an additional 13,738 shares in the last quarter. North Star Investment Management Corp. boosted its stake in National CineMedia by 7.9% in the second quarter. North Star Investment Management Corp. now owns 640,333 shares of the business services provider’s stock valued at $4,201,000 after acquiring an additional 46,790 shares in the last quarter. Bessemer Group Inc. boosted its stake in National CineMedia by 19.6% in the second quarter. Bessemer Group Inc. now owns 241,900 shares of the business services provider’s stock valued at $1,587,000 after acquiring an additional 39,700 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in National CineMedia by 44.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 231,072 shares of the business services provider’s stock valued at $1,516,000 after acquiring an additional 71,075 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

In related news, major shareholder General L.P. Standard acquired 212,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $7.78 per share, for a total transaction of $1,649,360.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 527,000 shares of company stock valued at $4,001,060 over the last quarter. Insiders own 3.90% of the company’s stock.

NASDAQ:NCMI opened at $8.25 on Friday. National CineMedia, Inc. has a 12 month low of $5.88 and a 12 month high of $9.64. The firm has a fifty day simple moving average of $8.15 and a 200-day simple moving average of $7.30. The company has a market capitalization of $649.13 million, a P/E ratio of 22.30 and a beta of 0.72.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. National CineMedia had a net margin of 8.12% and a negative return on equity of 36.78%. The business had revenue of $110.20 million during the quarter, compared to the consensus estimate of $113.07 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts forecast that National CineMedia, Inc. will post 0.46 earnings per share for the current fiscal year.

Several brokerages have weighed in on NCMI. BidaskClub upgraded shares of National CineMedia from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 23rd. Zacks Investment Research downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. B. Riley set a $10.00 target price on shares of National CineMedia and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wedbush upgraded shares of National CineMedia from a “neutral” rating to an “outperform” rating and set a $8.00 target price for the company in a research note on Wednesday, June 19th. Finally, ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $9.88.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-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.

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Institutional Ownership by Quarter for National CineMedia (NASDAQ:NCMI)

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