National CineMedia, Inc. (NASDAQ:NCMI) Holdings Raised by Ancora Advisors LLC

Ancora Advisors LLC lifted its stake in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 64.2% during the first quarter, Holdings Channel.com reports. The firm owned 1,136,476 shares of the business services provider’s stock after acquiring an additional 444,433 shares during the period. Ancora Advisors LLC’s holdings in National CineMedia were worth $5,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC raised its position in National CineMedia by 37.6% in the first quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock worth $10,127,000 after acquiring an additional 537,822 shares in the last quarter. Wellington Management Group LLP raised its position in National CineMedia by 16.3% in the fourth quarter. Wellington Management Group LLP now owns 1,336,947 shares of the business services provider’s stock worth $5,535,000 after acquiring an additional 187,613 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in National CineMedia by 38.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after acquiring an additional 6,690 shares in the last quarter. Jump Financial LLC bought a new stake in National CineMedia in the fourth quarter worth about $218,000. Finally, Hotchkis & Wiley Capital Management LLC raised its position in National CineMedia by 35.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,740,197 shares of the business services provider’s stock worth $19,624,000 after acquiring an additional 1,245,650 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Benchmark restated a “speculative buy” rating and set a $6.00 price objective on shares of National CineMedia in a report on Monday, June 17th. Wedbush restated a “neutral” rating and issued a $5.50 target price on shares of National CineMedia in a report on Tuesday, May 7th. Finally, StockNews.com lowered National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th.

National CineMedia Stock Performance

Shares of NCMI stock traded up $0.06 during trading hours on Wednesday, reaching $6.07. 441,051 shares of the company’s stock were exchanged, compared to its average volume of 672,519. The business has a fifty day moving average price of $4.96 and a 200-day moving average price of $4.64. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $586.18 million, a P/E ratio of 0.17 and a beta of 2.03. National CineMedia, Inc. has a fifty-two week low of $2.75 and a fifty-two week high of $6.08.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Monday, May 6th. The business services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.11). National CineMedia had a net margin of 426.76% and a return on equity of 3.45%. The company had revenue of $34.80 million during the quarter, compared to the consensus estimate of $34.73 million. Analysts predict that National CineMedia, Inc. will post 0.02 EPS for the current fiscal year.

National CineMedia 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.