National CineMedia (NASDAQ:NCMI) Upgraded by Wall Street Zen to “Hold” Rating

National CineMedia (NASDAQ:NCMI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

NCMI has been the topic of a number of other research reports. Wedbush set a $5.00 target price on National CineMedia and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Zacks Research cut National CineMedia from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Barrington Research set a $4.25 price target on National CineMedia in a report on Wednesday, August 12th. Finally, Weiss Ratings raised shares of National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.81.

National CineMedia Stock Performance

Shares of National CineMedia stock traded up $0.10 during trading on Friday, hitting $2.60. 1,246,630 shares of the company’s stock were exchanged, compared to its average volume of 1,537,719. The stock has a market capitalization of $243.83 million, a price-to-earnings ratio of -28.89 and a beta of 1.38. The business has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $3.42. National CineMedia has a 52-week low of $2.16 and a 52-week high of $5.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $58.40 million during the quarter, compared to analysts’ expectations of $59.34 million. National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. On average, research analysts forecast that National CineMedia will post 0.05 EPS for the current year.

Insider Buying and Selling at National CineMedia

In related news, insider Maria Vg Woods sold 12,058 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the transaction, the insider owned 163,162 shares of the company’s stock, valued at approximately $615,120.74. This represents a 6.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of National CineMedia

Several institutional investors have recently bought and sold shares of the business. Luxor Capital Group LP increased its position in shares of National CineMedia by 61.3% in the first quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider’s stock valued at $5,553,000 after buying an additional 691,879 shares in the last quarter. Zazove Associates LLC lifted its position in shares of National CineMedia by 78.3% during the 1st quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock valued at $1,400,000 after buying an additional 201,564 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in National CineMedia in the 2nd quarter valued at $2,653,000. NewEdge Advisors LLC acquired a new stake in National CineMedia in the 1st quarter valued at $44,000. Finally, Bank of America Corp DE increased its holdings in National CineMedia by 38.7% in the 1st quarter. Bank of America Corp DE now owns 74,983 shares of the business services provider’s stock worth $229,000 after acquiring an additional 20,928 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.