Citadel Advisors LLC Boosts Position in National CineMedia, Inc. $NCMI

Citadel Advisors LLC raised its position in National CineMedia, Inc. (NASDAQ:NCMI) by 682.4% during the second quarter, Holdings Channel reports. The fund owned 278,577 shares of the business services provider’s stock after acquiring an additional 242,970 shares during the period. Citadel Advisors LLC’s holdings in National CineMedia were worth $1,059,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Orbis Allan Gray Ltd grew its stake in shares of National CineMedia by 79.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 9,523,889 shares of the business services provider’s stock valued at $37,048,000 after purchasing an additional 4,218,288 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of National CineMedia by 34.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider’s stock worth $27,742,000 after purchasing an additional 1,568,376 shares during the period. Vanguard Group Inc. lifted its stake in shares of National CineMedia by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,519,377 shares of the business services provider’s stock worth $20,382,000 after purchasing an additional 12,172 shares during the period. Wellington Management Group LLP boosted its holdings in shares of National CineMedia by 16.0% in the second quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock worth $12,237,000 after buying an additional 444,984 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of National CineMedia by 30.1% in the fourth quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock worth $7,793,000 after buying an additional 463,112 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

National CineMedia Stock Performance

NCMI opened at $2.46 on Friday. The company has a 50 day simple moving average of $3.33 and a two-hundred day simple moving average of $3.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $230.70 million, a P/E ratio of -27.33 and a beta of 1.37. National CineMedia, Inc. has a 1-year low of $2.16 and a 1-year high of $5.03.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, August 11th. The business services provider reported ($0.10) 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 firm had revenue of $58.40 million for the quarter, compared to the consensus estimate of $59.34 million. Equities analysts forecast that National CineMedia, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Maria Woods sold 12,058 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the transaction, the insider directly owned 163,162 shares in the company, valued at $615,120.74. The trade was a 6.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About National CineMedia

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.