Zazove Associates LLC Purchases 3,921 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Zazove Associates LLC increased its position in National CineMedia, Inc. (NASDAQ:NCMI) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 130,126 shares of the business services provider’s stock after buying an additional 3,921 shares during the quarter. Zazove Associates LLC’s holdings in National CineMedia were worth $539,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. bought a new stake in shares of National CineMedia during the third quarter valued at approximately $58,000. Hill Investment Group Partners LLC increased its holdings in National CineMedia by 67.4% in the 4th quarter. Hill Investment Group Partners LLC now owns 17,116 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 6,889 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in National CineMedia in the 3rd quarter worth $136,000. Cubist Systematic Strategies LLC bought a new position in shares of National CineMedia during the 3rd quarter valued at about $29,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of National CineMedia during the 3rd quarter valued at about $199,000. Institutional investors own 69.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wedbush boosted their target price on National CineMedia from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. B. Riley raised National CineMedia from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $4.50 to $6.75 in a report on Tuesday, March 19th. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Benchmark restated a “speculative buy” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Wednesday, March 20th.

National CineMedia Trading Down 3.3 %

NASDAQ NCMI traded down $0.15 during trading hours on Wednesday, hitting $4.45. 792,674 shares of the company were exchanged, compared to its average volume of 666,513. National CineMedia, Inc. has a 52 week low of $1.80 and a 52 week high of $5.75. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $4.53 and a 200 day moving average price of $4.24. The stock has a market cap of $431.78 million, a PE ratio of 0.14 and a beta of 1.89.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, March 18th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). National CineMedia had a net margin of 426.68% and a negative return on equity of 22.42%. The company had revenue of $90.90 million for the quarter, compared to the consensus estimate of $77.25 million. Analysts forecast that National CineMedia, Inc. will post 0.03 earnings per share for the current fiscal 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.