Barclays PLC Has $8.57 Million Position in National CineMedia, Inc. (NASDAQ:NCMI)

Barclays PLC lessened its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,215,513 shares of the business services provider’s stock after selling 263,241 shares during the period. Barclays PLC’s holdings in National CineMedia were worth $8,569,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NCMI. Squarepoint Ops LLC raised its position 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 acquiring an additional 3,132 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in National CineMedia by 16.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 56,277 shares of the business services provider’s stock worth $397,000 after purchasing an additional 7,859 shares during the last quarter. SG Americas Securities LLC bought a new stake in National CineMedia during the 2nd quarter worth about $56,000. Intech Investment Management LLC acquired a new position in National CineMedia during the 3rd quarter valued at about $97,000. Finally, American Century Companies Inc. boosted its stake in shares of National CineMedia by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 15,177 shares during the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Trading Down 1.4 %

NCMI opened at $6.97 on Wednesday. The firm’s fifty day moving average is $6.95 and its two-hundred day moving average is $6.22. The firm has a market cap of $661.56 million, a PE ratio of -27.88 and a beta of 2.07. National CineMedia, Inc. has a twelve month low of $3.63 and a twelve month high of $7.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $62.40 million for the quarter, compared to analyst estimates of $58.20 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. During the same period in the previous year, the business posted $0.33 EPS. Equities research analysts anticipate that National CineMedia, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NCMI shares. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of National CineMedia in a research report on Monday, September 23rd. Wedbush restated a “neutral” rating and issued a $7.50 price target (up from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Finally, Barrington Research upped 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.06.

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.