National CineMedia, Inc. (NCMI) Shares Bought by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan lifted its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 50.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,000 shares of the business services provider’s stock after buying an additional 20,000 shares during the quarter. NJ State Employees Deferred Compensation Plan owned approximately 0.10% of National CineMedia worth $419,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new position in shares of National CineMedia in the first quarter worth $161,000. Pacad Investment Ltd. lifted its holdings in shares of National CineMedia by 690.2% in the second quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock worth $106,000 after buying an additional 12,423 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of National CineMedia in the first quarter worth $186,000. Fox Run Management L.L.C. purchased a new position in shares of National CineMedia in the second quarter worth $137,000. Finally, DRW Securities LLC purchased a new position in shares of National CineMedia in the second quarter worth $142,000. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of National CineMedia stock in a transaction on Friday, September 29th. The shares were sold at an average price of $6.49, for a total transaction of $18,172,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of National CineMedia stock in a transaction on Monday, September 18th. The stock was sold at an average price of $6.09, for a total transaction of $73,080,000.00. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

Several equities analysts have recently commented on NCMI shares. BidaskClub downgraded shares of National CineMedia from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. B. Riley reissued a “buy” rating and issued a $14.00 target price on shares of National CineMedia in a report on Wednesday, August 2nd. Wedbush started coverage on shares of National CineMedia in a report on Wednesday, August 2nd. They issued a “neutral” rating and a $6.50 target price on the stock. J P Morgan Chase & Co reissued a “neutral” rating and issued a $8.00 target price (down previously from $12.00) on shares of National CineMedia in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.93.

Shares of National CineMedia, Inc. (NCMI) opened at $6.69 on Friday. The company has a market cap of $421.54 million, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.65. The company has a debt-to-equity ratio of -13.47, a quick ratio of 1.94 and a current ratio of 1.94.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $97.10 million for the quarter, compared to analyst estimates of $104.30 million. National CineMedia had a negative return on equity of 16.58% and a net margin of 4.56%. National CineMedia’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. analysts predict that National CineMedia, Inc. will post 0.26 earnings per share for the current fiscal year.

About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

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

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