Harbor Capital Advisors Inc. Has $916,000 Stock Holdings in National CineMedia, Inc. (NASDAQ:NCMI)

Harbor Capital Advisors Inc. lifted its position in National CineMedia, Inc. (NASDAQ:NCMI) by 270.0% during the second quarter, HoldingsChannel.com reports. The fund owned 208,649 shares of the business services provider’s stock after purchasing an additional 152,251 shares during the period. Harbor Capital Advisors Inc.’s holdings in National CineMedia were worth $916,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bayesian Capital Management LP acquired a new stake in shares of National CineMedia in the 1st quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. raised its position in shares of National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 6,690 shares during the period. Virtu Financial LLC raised its position in shares of National CineMedia by 13.8% in the 1st quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 3,172 shares during the period. Jump Financial LLC acquired a new stake in shares of National CineMedia in the 4th quarter valued at approximately $218,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of National CineMedia in the 1st quarter valued at approximately $298,000. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on NCMI shares. Barrington Research upgraded shares of National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a report on Tuesday. StockNews.com downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Wedbush restated a “neutral” rating and set a $6.00 target price on shares of National CineMedia in a report on Tuesday. Finally, Benchmark restated a “speculative buy” rating and set a $6.00 target price on shares of National CineMedia in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.56.

National CineMedia Price Performance

NCMI stock traded down $0.36 during midday trading on Wednesday, reaching $5.93. The company had a trading volume of 283,924 shares, compared to its average volume of 678,019. The company has a market capitalization of $572.68 million, a price-to-earnings ratio of 0.18 and a beta of 2.03. The stock has a 50 day moving average price of $5.00 and a 200-day moving average price of $4.70. National CineMedia, Inc. has a 1-year low of $3.10 and a 1-year high of $6.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.76 and a quick 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) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $54.70 million for the quarter, compared to the consensus estimate of $49.87 million. National CineMedia had a return on equity of 3.45% and a net margin of 426.76%. During the same quarter last year, the firm posted ($0.07) earnings per share. Equities research analysts expect that National CineMedia, Inc. will post 0.02 earnings per share for the current year.

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.