Centiva Capital LP Purchases Shares of 31,057 National CineMedia, Inc. (NASDAQ:NCMI)

Centiva Capital LP bought a new position in shares of National CineMedia, Inc. (NASDAQ:NCMI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,057 shares of the business services provider’s stock, valued at approximately $219,000.

A number of other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC raised its holdings in National CineMedia by 7.9% in the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock valued at $188,000 after acquiring an additional 3,132 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in National CineMedia by 16.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 56,277 shares of the business services provider’s stock valued at $397,000 after purchasing an additional 7,859 shares during the last quarter. SG Americas Securities LLC bought a new stake in National CineMedia during the second quarter valued at $56,000. Intech Investment Management LLC bought a new stake in National CineMedia during the third quarter valued at $97,000. Finally, American Century Companies Inc. increased its stake in National CineMedia by 20.4% during the second quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 15,177 shares during the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. B. Riley boosted their target price on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Barrington Research boosted their target price on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and set a $8.00 price target 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 assigned a buy rating to the company. Based on data from MarketBeat.com, National CineMedia currently has an average rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Down 1.1 %

National CineMedia stock opened at $7.37 on Friday. The company has a 50-day simple moving average of $6.91 and a 200-day simple moving average of $6.18. The firm has a market capitalization of $699.52 million, a P/E ratio of -29.48 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. National CineMedia, Inc. has a one year low of $3.63 and a one year high of $7.60.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate 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 earned $0.33 EPS. As a group, equities analysts expect that National CineMedia, Inc. will post -0.14 earnings per share for the current 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.