National CineMedia (NASDAQ:NCMI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a report released on Thursday.

Other research analysts have also recently issued research reports about the company. Barrington Research lifted their price objective on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and issued a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Down 3.5 %

NASDAQ:NCMI opened at $6.01 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. The firm’s 50-day moving average price is $6.80 and its 200-day moving average price is $6.44. The company has a market capitalization of $570.44 million, a PE ratio of -24.04 and a beta of 2.06. National CineMedia has a 1-year low of $3.65 and a 1-year high of $7.60.

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

Insider Transactions at National CineMedia

In related news, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $6.51, for a total value of $154,560.42. Following the completion of the sale, the executive vice president now directly owns 66,987 shares in the company, valued at approximately $436,085.37. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

Institutional Trading of National CineMedia

Institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its position in National CineMedia by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider’s stock valued at $3,164,000 after purchasing an additional 7,130 shares during the period. Kings Path Partners LLC bought a new position in shares of National CineMedia during the 4th quarter valued at $408,000. Geode Capital Management LLC boosted its stake in shares of National CineMedia by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider’s stock worth $13,835,000 after buying an additional 15,605 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of National CineMedia by 98.0% in the 3rd quarter. National Bank of Canada FI now owns 153,492 shares of the business services provider’s stock worth $1,082,000 after buying an additional 75,978 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of National CineMedia by 23.8% in the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after acquiring an additional 222,498 shares during the period. Hedge funds and other institutional investors own 69.49% of the company’s stock.

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.