California Public Employees Retirement System Acquires 60,872 Shares of National CineMedia, Inc. (NCMI)

California Public Employees Retirement System grew its holdings in National CineMedia, Inc. (NASDAQ:NCMI) by 29.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,872 shares of the business services provider’s stock after acquiring an additional 60,872 shares during the period. California Public Employees Retirement System owned about 0.34% of National CineMedia worth $1,856,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in National CineMedia by 13.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 462,379 shares of the business services provider’s stock worth $3,431,000 after buying an additional 55,570 shares in the last quarter. Legal & General Group Plc boosted its holdings in National CineMedia by 21.9% during the second quarter. Legal & General Group Plc now owns 25,026 shares of the business services provider’s stock worth $186,000 after buying an additional 4,490 shares in the last quarter. Schroder Investment Management Group purchased a new stake in National CineMedia during the second quarter worth $806,000. Teachers Advisors LLC boosted its holdings in National CineMedia by 13.5% during the second quarter. Teachers Advisors LLC now owns 122,046 shares of the business services provider’s stock worth $906,000 after buying an additional 14,490 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in National CineMedia by 13.8% during the second quarter. TIAA CREF Investment Management LLC now owns 311,124 shares of the business services provider’s stock worth $2,309,000 after buying an additional 37,700 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia, Inc. (NASDAQ NCMI) traded down $0.01 during trading hours on Friday, reaching $6.75. 521,937 shares of the company’s stock were exchanged, compared to its average volume of 427,753. The company has a debt-to-equity ratio of -14.71, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $529.88, a PE ratio of 20.46, a PEG ratio of 2.03 and a beta of 0.52. National CineMedia, Inc. has a 52 week low of $5.12 and a 52 week high of $13.50.

A number of analysts recently issued reports on the stock. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a report on Monday, February 5th. B. Riley downgraded shares of National CineMedia to a “hold” rating and set a $8.75 price target on the stock. in a report on Monday, January 29th. Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. cut shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. National CineMedia presently has an average rating of “Hold” and an average price target of $7.85.

In related news, major shareholder General L.P. Standard acquired 60,000 shares of National CineMedia stock in a transaction on Monday, December 4th. The stock was bought at an average cost of $6.64 per share, for a total transaction of $398,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 810,940 shares of company stock valued at $5,503,629 over the last 90 days. 5.40% of the stock is currently owned by company insiders.

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National CineMedia Company Profile

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

Institutional Ownership by Quarter for National CineMedia (NASDAQ:NCMI)

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