Harbor Capital Advisors Inc. Boosts Position in National CineMedia, Inc. (NASDAQ:NCMI)

Harbor Capital Advisors Inc. boosted its position in National CineMedia, Inc. (NASDAQ:NCMI) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 476,468 shares of the business services provider’s stock after purchasing an additional 7,130 shares during the period. Harbor Capital Advisors Inc. owned about 0.50% of National CineMedia worth $3,164,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NCMI. Rhumbline Advisers bought a new stake in shares of National CineMedia during the 2nd quarter valued at $427,000. Charles Schwab Investment Management Inc. grew its holdings in National CineMedia by 240.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after purchasing an additional 509,756 shares during the period. Bank of New York Mellon Corp purchased a new stake in National CineMedia in the second quarter worth about $979,000. MetLife Investment Management LLC bought a new position in shares of National CineMedia in the third quarter worth about $292,000. Finally, State Street Corp grew its stake in shares of National CineMedia by 23.8% during the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock valued at $8,160,000 after acquiring an additional 222,498 shares during the period. 69.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at National CineMedia

In other news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the completion of the sale, the executive vice president now owns 66,987 shares in the company, valued at approximately $436,085.37. The trade was a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

National CineMedia Stock Performance

NASDAQ NCMI opened at $6.01 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. National CineMedia, Inc. has a 1-year low of $3.65 and a 1-year high of $7.60. The business has a 50 day simple moving average of $6.83 and a two-hundred day simple moving average of $6.41. The stock has a market capitalization of $570.44 million, a PE ratio of -24.04 and a beta of 2.06.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same period last year, the business posted $0.33 earnings per share. On average, research analysts predict that National CineMedia, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

NCMI has been the topic of several recent analyst reports. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Thursday. Wedbush reissued a “neutral” rating and set a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Barrington Research increased their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Benchmark reiterated a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, National CineMedia has an average rating of “Moderate Buy” and an average target price of $8.06.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment 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.