Jane Street Group LLC Trims Stock Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

Jane Street Group LLC reduced its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 33.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,017 shares of the business services provider’s stock after selling 27,013 shares during the quarter. Jane Street Group LLC’s holdings in National CineMedia were worth $381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers acquired a new position in National CineMedia in the second quarter valued at $427,000. Charles Schwab Investment Management Inc. increased its stake in National CineMedia by 240.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after purchasing an additional 509,756 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in National CineMedia in the second quarter valued at $979,000. State Street Corp increased its stake in National CineMedia by 23.8% in the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock valued at $8,160,000 after purchasing an additional 222,498 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new position in National CineMedia in the third quarter valued at $292,000. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. Wedbush reiterated a “neutral” rating and issued a $7.50 target price (up from $6.00) on shares of National CineMedia in a research note 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. Finally, Barrington Research upped their price target on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.06.

Insider Transactions at National CineMedia

In related news, EVP Maria Vg Woods sold 23,742 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $6.51, for a total value of $154,560.42. Following the completion of the transaction, the executive vice president now owns 66,987 shares of the company’s stock, valued at approximately $436,085.37. This represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

National CineMedia Stock Performance

Shares of NASDAQ:NCMI opened at $6.23 on Thursday. The firm has a market capitalization of $591.32 million, a PE ratio of -24.92 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. The business has a 50-day moving average of $6.85 and a two-hundred day moving average of $6.41. National CineMedia, Inc. has a 12 month low of $3.65 and a 12 month high of $7.60.

National CineMedia (NASDAQ:NCMI) last issued its earnings results 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). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The company had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $58.20 million. During the same period in the previous year, the company earned $0.33 EPS. As a group, research analysts forecast that National CineMedia, Inc. will post -0.14 earnings per share for the current year.

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.