AE Wealth Management LLC Takes Position in National CineMedia, Inc. (NASDAQ:NCMI)

AE Wealth Management LLC bought a new position in shares of National CineMedia, Inc. (NASDAQ:NCMI – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 133,851 shares of the business services provider’s stock, valued at approximately $87,000. AE Wealth Management LLC owned 0.16% of National CineMedia at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates increased its stake in National CineMedia by 12.2% in the first quarter. Raymond James & Associates now owns 504,410 shares of the business services provider’s stock valued at $1,281,000 after purchasing an additional 54,985 shares in the last quarter. Vanguard Group Inc. increased its position in National CineMedia by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 3,121,904 shares of the business services provider’s stock valued at $7,930,000 after buying an additional 176,781 shares in the last quarter. XTX Topco Ltd raised its stake in National CineMedia by 130.9% during the 1st quarter. XTX Topco Ltd now owns 48,263 shares of the business services provider’s stock worth $123,000 after buying an additional 27,363 shares during the period. UBS Group AG boosted its holdings in National CineMedia by 112.9% in the first quarter. UBS Group AG now owns 48,361 shares of the business services provider’s stock worth $123,000 after acquiring an additional 25,650 shares in the last quarter. Finally, State Street Corp grew its stake in National CineMedia by 2.9% in the first quarter. State Street Corp now owns 1,255,295 shares of the business services provider’s stock valued at $3,188,000 after acquiring an additional 35,491 shares during the period. 35.23% of the stock is currently owned by institutional investors.

National CineMedia Price Performance

Shares of NCMI stock opened at $0.30 on Friday. The firm has a 50-day moving average of $0.37 and a 200-day moving average of $0.77. National CineMedia, Inc. has a one year low of $0.22 and a one year high of $3.41. The company has a market cap of $24.95 million, a P/E ratio of -0.95 and a beta of 1.86.

National CineMedia (NASDAQ:NCMI – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $54.50 million for the quarter, compared to analyst estimates of $54.30 million. As a group, research analysts expect that National CineMedia, Inc. will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NCMI shares. Wedbush reiterated a “buy” rating and issued a $3.50 target price on shares of National CineMedia in a report on Tuesday, November 8th. StockNews.com began coverage on shares of National CineMedia in a report on Monday. They set a “sell” rating for the company. B. Riley lowered their target price on shares of National CineMedia from $1.00 to $0.50 and set a “neutral” rating on the stock in a report on Wednesday, October 12th. Benchmark cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Finally, Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a report on Friday, November 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2.00.

National CineMedia Company Profile

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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 pre-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.