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 research report sent to investors on Friday.

Several other equities research analysts have also recently weighed in on NCMI. Wedbush restated a “neutral” rating and set a $7.50 target price (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Barrington Research increased 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Performance

NASDAQ NCMI opened at $6.69 on Friday. The company has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $6.79. National CineMedia has a 12-month low of $3.70 and a 12-month high of $7.60. The firm has a market cap of $634.98 million, a price-to-earnings ratio of -26.76 and a beta of 2.06. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03.

Insider Transactions at National CineMedia

In other news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the transaction, the executive vice president now directly owns 66,987 shares of the company’s stock, valued at approximately $436,085.37. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of National CineMedia

Several large investors have recently added to or reduced their stakes in NCMI. Kings Path Partners LLC bought a new position in National CineMedia in the 4th quarter worth $408,000. Charles Schwab Investment Management Inc. raised its stake in National CineMedia by 240.5% in the third 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 in the last quarter. MetLife Investment Management LLC purchased a new stake in National CineMedia in the third quarter worth about $292,000. State Street Corp lifted its holdings in 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 buying an additional 222,498 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in National CineMedia by 124.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock valued at $3,309,000 after acquiring an additional 260,689 shares in the last quarter. Institutional investors own 69.49% of the company’s stock.

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.