Harbor Capital Advisors Inc. Raises Stock Position in National CineMedia, Inc. (NASDAQ:NCMI)

Harbor Capital Advisors Inc. grew its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 270.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,649 shares of the business services provider’s stock after purchasing an additional 152,251 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.22% of National CineMedia worth $916,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NCMI. First Eagle Investment Management LLC acquired a new stake in shares of National CineMedia in the fourth quarter valued at approximately $5,914,000. Hotchkis & Wiley Capital Management LLC grew its position in shares of 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 valued at $19,624,000 after purchasing an additional 1,245,650 shares during the last quarter. Gendell Jeffrey L acquired a new stake in shares of National CineMedia in the first quarter valued at approximately $2,352,000. Ancora Advisors LLC grew its position in shares of National CineMedia by 64.2% in the first quarter. Ancora Advisors LLC now owns 1,136,476 shares of the business services provider’s stock valued at $5,853,000 after purchasing an additional 444,433 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of 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 valued at $5,535,000 after purchasing an additional 187,613 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia Price Performance

Shares of NCMI stock traded down $0.36 during midday trading on Wednesday, reaching $5.93. 283,924 shares of the company were exchanged, compared to its average volume of 678,019. National CineMedia, Inc. has a 12 month low of $3.10 and a 12 month high of $6.50. The company has a market cap of $572.68 million, a P/E ratio of 0.18 and a beta of 2.03. The company’s 50 day moving average price is $5.00 and its two-hundred day moving average price is $4.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). National CineMedia had a return on equity of 3.45% and a net margin of 426.76%. The company had revenue of $54.70 million for the quarter, compared to the consensus estimate of $49.87 million. During the same quarter last year, the firm posted ($0.07) earnings per share. On average, sell-side analysts expect that National CineMedia, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

NCMI has been the topic of several research reports. Benchmark reiterated a “speculative buy” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Tuesday. Wedbush restated a “neutral” rating and set a $6.00 target price on shares of National CineMedia in a research report on Tuesday. 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. Finally, StockNews.com downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, National CineMedia has a consensus rating of “Hold” and an average target price of $6.56.

National CineMedia Company 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.