Citadel Advisors LLC Raises Stake in National CineMedia, Inc. $NCMI

by · The Markets Daily

Citadel Advisors LLC increased its holdings in shares of National CineMedia, Inc. (NASDAQ:NCMI – Free Report) by 682.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,577 shares of the business services provider’s stock after acquiring an additional 242,970 shares during the period. Citadel Advisors LLC owned approximately 0.30% of National CineMedia worth $1,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of National CineMedia by 59.8% during the first quarter. AQR Capital Management LLC now owns 488,025 shares of the business services provider’s stock valued at $2,850,000 after purchasing an additional 182,548 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of National CineMedia in the 1st quarter worth approximately $255,000. Goldman Sachs Group Inc. grew its stake in shares of National CineMedia by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 683,614 shares of the business services provider’s stock worth $3,992,000 after buying an additional 120,079 shares during the last quarter. Jane Street Group LLC grew its stake in shares of National CineMedia by 511.8% in the 1st quarter. Jane Street Group LLC now owns 93,061 shares of the business services provider’s stock worth $543,000 after buying an additional 77,849 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of National CineMedia in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

Wall Street Analyst Weigh In

NCMI has been the subject of a number of recent research reports. Wall Street Zen cut National CineMedia from a “hold” rating to a “sell” rating in a research note on Sunday, September 6th. Weiss Ratings raised National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Zacks Research downgraded National CineMedia from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Wedbush set a $5.00 price target on National CineMedia and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Barrington Research set a $4.25 price target on shares of National CineMedia in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.81.

View Our Latest Analysis on National CineMedia

National CineMedia Price Performance

NASDAQ NCMI opened at $2.46 on Friday. National CineMedia, Inc. has a one year low of $2.16 and a one year high of $5.03. The stock has a 50-day moving average of $3.33 and a 200 day moving average of $3.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $230.70 million, a price-to-earnings ratio of -27.33 and a beta of 1.37.

National CineMedia (NASDAQ:NCMI – Get Free Report) last posted its earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. The company had revenue of $58.40 million for the quarter, compared to the consensus estimate of $59.34 million. On average, sell-side analysts forecast that National CineMedia, Inc. will post 0.17 EPS for the current year.

Insiders Place Their Bets

In related news, insider Maria Woods sold 12,058 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total value of $45,458.66. Following the sale, the insider owned 163,162 shares in the company, valued at approximately $615,120.74. This trade represents a 6.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

National CineMedia Company Profile

(Free Report)

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.

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