Charles Schwab Investment Management Inc. Purchases 509,756 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Charles Schwab Investment Management Inc. raised its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 240.5% in the third quarter, HoldingsChannel reports. The firm owned 721,697 shares of the business services provider’s stock after buying an additional 509,756 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in National CineMedia were worth $5,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of National CineMedia during the 2nd quarter valued at about $56,000. Intech Investment Management LLC bought a new stake in shares of National CineMedia during the 3rd quarter valued at about $97,000. The Manufacturers Life Insurance Company bought a new stake in shares of National CineMedia during the 2nd quarter valued at about $124,000. Hill Investment Group Partners LLC grew its stake in shares of National CineMedia by 100.9% during the 2nd quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 17,276 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of National CineMedia by 7.9% during the 2nd quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock valued at $188,000 after purchasing an additional 3,132 shares during the period. 69.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NCMI has been the subject of a number of recent research reports. StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. B. Riley lifted their price objective on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, August 16th. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. Barrington Research lifted their price objective on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $7.50 price objective (up from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, National CineMedia has an average rating of “Moderate Buy” and an average price target of $8.06.

National CineMedia Stock Down 1.1 %

NASDAQ NCMI opened at $7.37 on Friday. The stock’s 50 day moving average is $6.91 and its 200 day moving average is $6.18. The company has a current ratio of 2.46, a quick 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 stock has a market cap of $699.52 million, a PE ratio of -29.48 and a beta of 2.07.

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