Traders Buy High Volume of National CineMedia Call Options (NCMI)

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National CineMedia, Inc. (NASDAQ:NCMI) was the recipient of unusually large options trading activity on Thursday. Investors purchased 785 call options on the company. This is an increase of 1,470% compared to the average volume of 50 call options.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in National CineMedia by 2.8% during the third quarter. Vanguard Group Inc. now owns 6,571,067 shares of the business services provider’s stock valued at $69,587,000 after purchasing an additional 176,667 shares in the last quarter. Vanguard Group Inc lifted its holdings in National CineMedia by 2.8% during the third quarter. Vanguard Group Inc now owns 6,571,067 shares of the business services provider’s stock valued at $69,587,000 after purchasing an additional 176,667 shares in the last quarter. BlackRock Inc. lifted its holdings in National CineMedia by 2.4% during the fourth quarter. BlackRock Inc. now owns 5,271,174 shares of the business services provider’s stock valued at $34,157,000 after purchasing an additional 125,168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in National CineMedia by 1.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,635,045 shares of the business services provider’s stock valued at $17,075,000 after purchasing an additional 31,126 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in National CineMedia by 2.7% during the fourth 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. 88.19% of the stock is currently owned by institutional investors and hedge funds.

NCMI opened at $7.02 on Friday. The firm has a market cap of $559.82 million, a price-to-earnings ratio of 17.55 and a beta of 0.72. National CineMedia has a 52-week low of $5.09 and a 52-week high of $10.94.

NCMI has been the topic of a number of recent analyst reports. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a report on Thursday, December 13th. Zacks Investment Research downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Finally, ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. National CineMedia currently has a consensus rating of “Hold” and an average target price of $10.38.

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National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an 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, as well as other forms of advertising and promotions in theatre lobbies.

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