National CineMedia, Inc. (NASDAQ:NCMI) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in National CineMedia, Inc. (NASDAQ:NCMI) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 476,468 shares of the business services provider’s stock after acquiring an additional 7,130 shares during the period. Harbor Capital Advisors Inc.’s holdings in National CineMedia were worth $3,164,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in National CineMedia in the 3rd quarter worth approximately $97,000. The Manufacturers Life Insurance Company acquired a new stake in National CineMedia in the 2nd quarter worth about $124,000. Squarepoint Ops LLC boosted its stake in shares of National CineMedia by 7.9% in the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock worth $188,000 after acquiring an additional 3,132 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in National CineMedia by 102.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 48,418 shares of the business services provider’s stock worth $213,000 after purchasing an additional 24,521 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in National CineMedia by 141.2% during the 3rd quarter. SG Americas Securities LLC now owns 30,929 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 18,108 shares in the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at National CineMedia

In related news, EVP Maria Vg Woods sold 23,742 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the transaction, the executive vice president now directly owns 66,987 shares in the company, valued at $436,085.37. This represents a 26.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.33% of the company’s stock.

National CineMedia Price Performance

Shares of NASDAQ NCMI opened at $6.01 on Friday. The company has a market capitalization of $570.44 million, a price-to-earnings ratio of -24.04 and a beta of 2.06. 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 moving average of $6.83 and a 200-day moving average of $6.41.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $62.40 million for 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 quarter last year, the company posted $0.33 earnings per share. On average, equities analysts anticipate that National CineMedia, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NCMI. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Thursday. Benchmark reissued a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Monday, September 23rd. Barrington Research boosted their price target on shares of National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, 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 report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.06.

National CineMedia Company Profile

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.