Millennium Management LLC Has $994,000 Position in National CineMedia, Inc. (NCMI)

Millennium Management LLC boosted its position in National CineMedia, Inc. (NASDAQ:NCMI) by 381.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,382 shares of the business services provider’s stock after buying an additional 93,781 shares during the period. Millennium Management LLC’s holdings in National CineMedia were worth $994,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NCMI. Northern Trust Corp grew its position in National CineMedia by 1.2% in the first quarter. Northern Trust Corp now owns 717,118 shares of the business services provider’s stock worth $3,721,000 after acquiring an additional 8,636 shares in the last quarter. Dimensional Fund Advisors LP grew its position in National CineMedia by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,269,666 shares of the business services provider’s stock worth $11,780,000 after acquiring an additional 222,357 shares in the last quarter. Columbia Partners L L C Investment Management grew its position in National CineMedia by 168.9% in the second quarter. Columbia Partners L L C Investment Management now owns 423,799 shares of the business services provider’s stock worth $3,559,000 after acquiring an additional 266,214 shares in the last quarter. Fox Run Management L.L.C. grew its position in National CineMedia by 51.2% in the second quarter. Fox Run Management L.L.C. now owns 29,130 shares of the business services provider’s stock worth $245,000 after acquiring an additional 9,858 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in National CineMedia by 202.2% in the second quarter. Nisa Investment Advisors LLC now owns 56,490 shares of the business services provider’s stock worth $475,000 after acquiring an additional 37,800 shares in the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.

NASDAQ NCMI opened at $8.61 on Monday. National CineMedia, Inc. has a 12-month low of $5.09 and a 12-month high of $10.94. The stock has a market cap of $680.15 million, a price-to-earnings ratio of 21.53 and a beta of 0.83.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, August 6th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). National CineMedia had a net margin of 1.40% and a negative return on equity of 50.95%. The business had revenue of $113.70 million for the quarter, compared to analysts’ expectations of $108.48 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. As a group, equities research analysts anticipate that National CineMedia, Inc. will post 0.38 EPS for the current year.

In other National CineMedia news, major shareholder General L.P. Standard purchased 46,439 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average cost of $8.55 per share, for a total transaction of $397,053.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Clifford E. Marks sold 30,237 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $10.00, for a total transaction of $302,370.00. Following the sale, the president now owns 526,868 shares of the company’s stock, valued at $5,268,680. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

NCMI has been the subject of several research reports. Zacks Investment Research upgraded shares of National CineMedia from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Wednesday, October 10th. BidaskClub lowered shares of National CineMedia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. B. Riley upped their target price on shares of National CineMedia from $10.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, September 24th. ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, MKM Partners upped their target price on shares of National CineMedia to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. National CineMedia has an average rating of “Hold” and an average target price of $9.30.

National CineMedia Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and 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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