Rhumbline Advisers grew its position in National CineMedia, Inc. (NASDAQ:NCMI) by 22.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,334 shares of the business services provider’s stock after purchasing an additional 14,595 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of National CineMedia worth $658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its holdings in shares of National CineMedia by 431.8% in the second quarter. Meeder Asset Management Inc. now owns 11,881 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 9,647 shares in the last quarter. Delpha Capital Management LLC boosted its holdings in shares of National CineMedia by 181.4% in the first quarter. Delpha Capital Management LLC now owns 19,914 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 12,836 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of National CineMedia in the first quarter valued at about $115,000. MetLife Investment Advisors LLC boosted its holdings in shares of National CineMedia by 83.9% in the first quarter. MetLife Investment Advisors LLC now owns 30,282 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 13,814 shares in the last quarter. Finally, Fox Run Management L.L.C. boosted its holdings in shares of National CineMedia by 51.2% in the second quarter. Fox Run Management L.L.C. now owns 29,130 shares of the business services provider’s stock valued at $245,000 after acquiring an additional 9,858 shares in the last quarter. Institutional investors and hedge funds own 84.41% of the company’s stock.

In related news, major shareholder General L.P. Standard bought 182,439 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average cost of $8.59 per share, for a total transaction of $1,567,151.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Clifford E. Marks sold 30,237 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $10.00, for a total transaction of $302,370.00. Following the completion of the sale, the president now owns 526,868 shares of the company’s stock, valued at $5,268,680. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Several analysts recently commented on NCMI shares. ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. B. Riley raised their price objective on shares of National CineMedia from $8.00 to $9.50 and gave the company a “buy” rating in a research note on Monday, June 25th. BidaskClub upgraded shares of National CineMedia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th. Zacks Investment Research cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, MKM Partners lifted their target price on shares of National CineMedia to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $9.30.

Shares of NASDAQ:NCMI traded up $0.03 during trading on Friday, reaching $9.31. The stock had a trading volume of 492,952 shares, compared to its average volume of 655,531. The company has a debt-to-equity ratio of -9.88, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market cap of $836.56 million, a PE ratio of 23.28 and a beta of 0.58. National CineMedia, Inc. has a fifty-two week low of $5.09 and a fifty-two week high of $10.94.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Monday, August 6th. The business services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $113.70 million during the quarter, compared to analyst estimates of $108.48 million. National CineMedia had a net margin of 1.40% and a negative return on equity of 50.95%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. As a group, sell-side analysts expect that National CineMedia, Inc. will post 0.38 earnings per share for the current fiscal year.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.

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Institutional Ownership by Quarter for National CineMedia (NASDAQ:NCMI)

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