National CineMedia’s (NCMI) Neutral Rating Reiterated at Wedbush

National CineMedia (NASDAQ:NCMI)‘s stock had its “neutral” rating reiterated by investment analysts at Wedbush in a note issued to investors on Wednesday,RTT News reports. They currently have a $7.50 price objective on the business services provider’s stock. Wedbush’s price objective would suggest a potential upside of 18.67% from the stock’s current price.

Several other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Monday. Barrington Research boosted their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.06.

National CineMedia Stock Up 1.6 %

Shares of NCMI stock traded up $0.10 on Wednesday, hitting $6.32. The stock had a trading volume of 46,558 shares, compared to its average volume of 435,195. The stock’s 50 day moving average is $6.68 and its 200-day moving average is $6.82. The firm has a market capitalization of $599.86 million, a price-to-earnings ratio of -25.28 and a beta of 2.06. National CineMedia has a 52-week low of $3.70 and a 52-week high of $7.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46.

Insider Activity

In related news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the sale, the executive vice president now directly owns 66,987 shares of the company’s stock, valued at $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 SEC, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NCMI. Summit Securities Group LLC bought a new position in shares of National CineMedia in the fourth quarter valued at about $53,000. BNP Paribas Financial Markets acquired a new position in National CineMedia in the 4th quarter valued at approximately $57,000. DRW Securities LLC bought a new stake in National CineMedia in the fourth quarter valued at approximately $73,000. Quarry LP acquired a new stake in shares of National CineMedia during the 4th quarter worth approximately $91,000. Finally, Intech Investment Management LLC bought a new position in shares of National CineMedia in the 3rd quarter worth $97,000. Institutional investors and hedge funds 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.