National CineMedia (NASDAQ:NCMI) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

NCMI has been the subject of a number of other reports. Barrington Research set a $4.25 price target on shares of National CineMedia in a report on Wednesday, August 12th. Zacks Research raised shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 9th. National Bank Financial set a $1.75 target price on shares of National CineMedia in a research report on Monday, November 2nd. Weiss Ratings lowered shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, Wedbush set a $5.00 target price on shares of National CineMedia and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.20.

National CineMedia Trading Up 5.1%

National CineMedia stock opened at $1.66 on Friday. The stock has a 50-day moving average price of $2.12 and a 200 day moving average price of $3.11. National CineMedia has a 52 week low of $1.43 and a 52 week high of $4.33. The stock has a market cap of $155.67 million, a PE ratio of -18.44 and a beta of 1.75. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.04.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. The firm had revenue of $58.40 million during the quarter, compared to analysts’ expectations of $59.34 million. Equities research analysts predict that National CineMedia will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Maria Woods sold 12,189 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $2.09, for a total transaction of $25,475.01. Following the transaction, the insider directly owned 176,806 shares in the company, valued at approximately $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NCMI. NewEdge Advisors LLC purchased a new position in shares of National CineMedia during the 1st quarter worth about $44,000. Renaissance Technologies LLC purchased a new stake in National CineMedia in the first quarter valued at approximately $59,000. Sequoia Financial Advisors LLC purchased a new stake in National CineMedia in the second quarter valued at approximately $60,000. Bank of America Corp DE grew its holdings in National CineMedia by 38.7% in the first quarter. Bank of America Corp DE now owns 74,983 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 20,928 shares during the period. Finally, Sei Investments Co. grew its holdings in National CineMedia by 86.7% in the first quarter. Sei Investments Co. now owns 182,652 shares of the business services provider’s stock valued at $557,000 after purchasing an additional 84,808 shares during the period. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc (NASDAQ: NCMI) is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment.

Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.