AE Wealth Management LLC Makes New $87,000 Investment in National CineMedia, Inc. (NASDAQ:NCMI)

AE Wealth Management LLC purchased a new stake in National CineMedia, Inc. (NASDAQ:NCMI – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 133,851 shares of the business services provider’s stock, valued at approximately $87,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in National CineMedia by 6.0% during 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. Zazove Associates LLC bought a new position in shares of National CineMedia in the third quarter valued at approximately $824,000. State Street Corp grew its stake in National CineMedia by 2.9% during 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 in the last quarter. Brookstone Capital Management increased its holdings in National CineMedia by 168.6% during the 2nd quarter. Brookstone Capital Management now owns 1,017,470 shares of the business services provider’s stock worth $992,000 after acquiring an additional 638,641 shares during the period. Finally, Millennium Management LLC lifted its stake in National CineMedia by 169.0% in the 2nd quarter. Millennium Management LLC now owns 766,717 shares of the business services provider’s stock worth $702,000 after purchasing an additional 481,730 shares in the last quarter. 35.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NCMI has been the subject of a number of recent analyst reports. B. Riley reduced their price target on shares of National CineMedia from $1.00 to $0.50 and set a “neutral” rating for the company in a research report on Wednesday, October 12th. StockNews.com started coverage on National CineMedia in a research report on Monday. They set a “sell” rating for the company. Wedbush reaffirmed a “buy” rating and issued a $3.50 price target on shares of National CineMedia in a report on Tuesday, November 8th. Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a report on Friday, November 11th. Finally, Benchmark downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2.00.

National CineMedia Price Performance

NASDAQ NCMI opened at $0.30 on Friday. The stock’s 50-day simple moving average is $0.37 and its two-hundred day simple moving average is $0.77. National CineMedia, Inc. has a twelve month low of $0.22 and a twelve month high of $3.41. The company has a market capitalization of $24.95 million, a price-to-earnings ratio of -0.95 and a beta of 1.86.

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

National CineMedia 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.