Riverwater Partners LLC Takes Position in National CineMedia, Inc. (NASDAQ:NCMI)

Riverwater Partners LLC purchased a new position in National CineMedia, Inc. (NASDAQ:NCMI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 68,143 shares of the business services provider’s stock, valued at approximately $461,000.

A number of other hedge funds also recently bought and sold shares of the business. Squarepoint Ops LLC increased its position in shares of National CineMedia by 7.9% in the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock valued at $188,000 after buying an additional 3,132 shares in the last quarter. Virtu Financial LLC raised its position in National CineMedia by 13.8% during 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 during the period. Oppenheimer Asset Management Inc. lifted its holdings 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 valued at $123,000 after purchasing an additional 6,690 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of National CineMedia in the second quarter valued at about $56,000. Finally, American Century Companies Inc. increased its stake in shares of National CineMedia by 20.4% during the second quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock worth $393,000 after purchasing an additional 15,177 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

Wall Street Analysts Forecast Growth

NCMI has been the topic of a number of research reports. B. Riley raised their price target on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Wedbush reiterated a “neutral” rating and set a $6.00 price target on shares of National CineMedia in a research report on Tuesday, August 6th. Benchmark reaffirmed a “buy” rating and set a $8.00 target price on shares of National CineMedia in a research note on Monday, September 23rd. Finally, Barrington Research raised shares of National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a research note 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.50.

National CineMedia Stock Down 0.1 %

Shares of NASDAQ:NCMI opened at $6.93 on Thursday. National CineMedia, Inc. has a 52-week low of $3.51 and a 52-week high of $7.25. The stock has a market cap of $668.77 million, a P/E ratio of 0.20 and a beta of 2.08. The business has a fifty day moving average of $6.82 and a two-hundred day moving average of $5.62. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.09) earnings per share (EPS) 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 firm had revenue of $54.70 million during the quarter, compared to analysts’ expectations of $49.87 million. During the same period in the prior year, the company posted ($0.07) EPS. On average, research analysts expect that National CineMedia, Inc. will post -0.04 earnings per share for the current 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.