Hotchkis & Wiley Capital Management LLC Acquires 365,360 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Hotchkis & Wiley Capital Management LLC raised its stake in National CineMedia, Inc. (NASDAQ:NCMI) by 5.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,936,947 shares of the business services provider’s stock after purchasing an additional 365,360 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.07% of National CineMedia worth $48,905,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NCMI. Charles Schwab Investment Management Inc. boosted its holdings in National CineMedia by 240.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock worth $5,088,000 after buying an additional 509,756 shares during the period. Luxor Capital Group LP grew its position in shares of National CineMedia by 1,581.1% during the 2nd quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 461,614 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of National CineMedia by 124.9% in the third quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock valued at $3,309,000 after buying an additional 260,689 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of National CineMedia during the 2nd quarter worth $979,000. Finally, Rhumbline Advisers acquired a new stake in shares of National CineMedia in the second quarter valued at $427,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Stock Performance

NCMI opened at $7.30 on Tuesday. The company’s 50-day simple moving average is $6.85 and its two-hundred day simple moving average is $6.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. National CineMedia, Inc. has a 52-week low of $3.63 and a 52-week high of $7.39.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.20 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. During the same quarter last year, the firm earned $0.33 earnings per share. On average, research analysts forecast that National CineMedia, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NCMI shares. B. Riley raised their price objective on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Barrington Research lifted their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Benchmark reissued a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Monday, September 23rd. Finally, Wedbush reiterated a “neutral” rating and set a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.06.

About National CineMedia

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.