Hill Investment Group Partners LLC Boosts Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

Hill Investment Group Partners LLC grew its stake in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 100.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,392 shares of the business services provider’s stock after acquiring an additional 17,276 shares during the quarter. Hill Investment Group Partners LLC’s holdings in National CineMedia were worth $151,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in National CineMedia during the second quarter worth about $56,000. Fermata Advisors LLC purchased a new position in National CineMedia in the second quarter valued at approximately $92,000. Bayesian Capital Management LP acquired a new position in National CineMedia during the first quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. grew its stake in National CineMedia by 38.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after buying an additional 6,690 shares during the period. Finally, Virtu Financial LLC increased its position in shares of National CineMedia by 13.8% in the first quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock worth $135,000 after acquiring an additional 3,172 shares in the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NCMI has been the subject of a number of research reports. Benchmark reaffirmed a “speculative buy” rating and set a $6.00 price target on shares of National CineMedia in a research report on Tuesday, August 6th. Barrington Research upgraded National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 target price for the company in a research note on Tuesday, August 6th. B. Riley boosted their price target on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wedbush restated a “neutral” rating and issued a $6.00 price target on shares of National CineMedia in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.00.

National CineMedia Stock Up 1.0 %

Shares of National CineMedia stock opened at $6.87 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.45 and a quick ratio of 2.45. National CineMedia, Inc. has a 1-year low of $3.51 and a 1-year high of $7.01. The business has a 50-day moving average of $5.79 and a 200-day moving average of $5.08. The company has a market capitalization of $663.46 million, a PE ratio of 0.20 and a beta of 2.03.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. The business had revenue of $54.70 million for the quarter, compared to analyst estimates of $49.87 million. During the same quarter last year, the business earned ($0.07) EPS. As a group, equities analysts forecast that National CineMedia, Inc. will post -0.02 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.