Schwab Charles Investment Management Inc. Boosts Position in National CineMedia, Inc. (NCMI)

Schwab Charles Investment Management Inc. increased its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 28.5% during the third quarter, Holdings Channel reports. The institutional investor owned 594,000 shares of the business services provider’s stock after acquiring an additional 131,621 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in National CineMedia were worth $4,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NCMI. Pacad Investment Ltd. boosted its holdings in shares of National CineMedia by 690.2% in the second quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock worth $106,000 after buying an additional 12,423 shares during the last quarter. Nine Chapters Capital Management LLC purchased a new position in shares of National CineMedia in the third quarter worth approximately $136,000. DRW Securities LLC purchased a new position in shares of National CineMedia in the second quarter worth approximately $142,000. Stifel Financial Corp boosted its holdings in shares of National CineMedia by 30.5% in the second quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock worth $142,000 after buying an additional 4,468 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of National CineMedia in the third quarter worth approximately $175,000. 86.37% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the stock. BidaskClub cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. B. Riley set a $9.00 target price on shares of National CineMedia and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Finally, JPMorgan Chase & Co. cut shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. National CineMedia presently has an average rating of “Hold” and a consensus price target of $7.90.

Shares of National CineMedia, Inc. (NASDAQ:NCMI) opened at $6.35 on Friday. National CineMedia, Inc. has a one year low of $5.12 and a one year high of $15.25. The company has a market cap of $399.51, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.07 and a beta of 0.62. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, November 6th. The business services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The company had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $108.21 million. During the same quarter last year, the business earned $0.13 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that National CineMedia, Inc. will post 0.29 earnings per share for the current year.

In other news, major shareholder General L.P. Standard bought 15,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $6.94 per share, for a total transaction of $104,100.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have acquired 810,940 shares of company stock worth $5,503,629. 5.40% of the stock is owned by company insiders.

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National CineMedia Profile

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

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

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