Barclays PLC Has $8.57 Million Stock Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

Barclays PLC cut its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 17.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,215,513 shares of the business services provider’s stock after selling 263,241 shares during the period. Barclays PLC owned 1.28% of National CineMedia worth $8,569,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in National CineMedia by 240.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock worth $5,088,000 after buying an additional 509,756 shares during the period. Luxor Capital Group LP increased its position in National CineMedia by 1,581.1% during the second quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock worth $2,155,000 after acquiring an additional 461,614 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in National CineMedia by 5.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock valued at $48,905,000 after purchasing an additional 365,360 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in National CineMedia by 124.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock valued at $3,309,000 after purchasing an additional 260,689 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in National CineMedia in the 2nd quarter valued at $979,000. Institutional investors own 69.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush restated a “neutral” rating and set a $7.50 price objective (up previously from $6.00) on shares of National CineMedia in a report on Monday, November 4th. StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Barrington Research raised their price objective on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Benchmark restated a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, National CineMedia currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Performance

NASDAQ:NCMI opened at $6.97 on Wednesday. The firm has a market capitalization of $661.56 million, a PE ratio of -27.88 and a beta of 2.07. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 12-month low of $3.63 and a 12-month high of $7.60. The firm has a 50-day moving average price of $6.95 and a 200 day moving average price of $6.22.

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

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.