Nisa Investment Advisors LLC grew its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 8.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 64,790 shares of the business services provider’s stock after acquiring an additional 5,000 shares during the quarter. Nisa Investment Advisors LLC owned about 0.08% of National CineMedia worth $425,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in National CineMedia by 2.4% during the 4th quarter. BlackRock Inc. now owns 5,271,174 shares of the business services provider’s stock worth $34,157,000 after acquiring an additional 125,168 shares during the period. Dimensional Fund Advisors LP increased its stake in National CineMedia by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,424 shares of the business services provider’s stock valued at $16,915,000 after purchasing an additional 67,734 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in National CineMedia by 0.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,970,000 shares of the business services provider’s stock valued at $13,889,000 after purchasing an additional 10,000 shares in the last quarter. Northern Trust Corp increased its stake in National CineMedia by 42.7% in the 4th quarter. Northern Trust Corp now owns 1,510,378 shares of the business services provider’s stock valued at $9,786,000 after purchasing an additional 452,207 shares in the last quarter. Finally, Norges Bank purchased a new position in National CineMedia in the 4th quarter valued at approximately $9,716,000. Institutional investors and hedge funds own 90.43% of the company’s stock.
National CineMedia stock traded down $0.27 during midday trading on Monday, hitting $6.93. The stock had a trading volume of 34,541 shares, compared to its average volume of 294,262. The company has a market capitalization of $568.58 million, a PE ratio of 18.73 and a beta of 0.74. National CineMedia, Inc. has a 12 month low of $5.88 and a 12 month high of $10.94. The business’s fifty day moving average is $6.79.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business had revenue of $76.90 million during the quarter, compared to the consensus estimate of $82.43 million. National CineMedia had a negative return on equity of 33.32% and a net margin of 6.98%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. On average, research analysts predict that National CineMedia, Inc. will post 0.44 earnings per share for the current fiscal year.
Several equities analysts have weighed in on NCMI shares. ValuEngine downgraded National CineMedia from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. TheStreet downgraded National CineMedia from a “b-” rating to a “c” rating in a research report on Tuesday, May 7th. Barrington Research reiterated a “market perform” rating on shares of National CineMedia in a report on Friday, May 17th. BidaskClub upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded National CineMedia from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. National CineMedia currently has an average rating of “Hold” and a consensus target price of $9.13.
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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