National CineMedia’s (NCMI) “Neutral” Rating Reaffirmed at Wedbush

National CineMedia (NASDAQ:NCMI)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a note issued to investors on Tuesday, RTT News reports. They currently have a $5.50 target price on the business services provider’s stock. Wedbush’s price target indicates a potential upside of 14.11% from the company’s previous close.

Several other brokerages have also weighed in on NCMI. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Benchmark reissued a “speculative buy” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Tuesday. Finally, B. Riley raised shares of National CineMedia from a “neutral” rating to a “buy” rating and lifted their price target for the company from $4.50 to $6.75 in a research report on Tuesday, March 19th.

National CineMedia Stock Down 0.2 %

Shares of NASDAQ NCMI traded down $0.01 during mid-day trading on Tuesday, reaching $4.82. The company had a trading volume of 847,197 shares, compared to its average volume of 648,842. The stock has a fifty day moving average of $4.67 and a two-hundred day moving average of $4.29. National CineMedia has a 12-month low of $2.57 and a 12-month high of $5.75. The company has a market capitalization of $467.68 million, a price-to-earnings ratio of 0.15 and a beta of 1.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, March 18th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $90.90 million for the quarter, compared to the consensus estimate of $77.25 million. National CineMedia had a net margin of 426.68% and a negative return on equity of 22.42%. As a group, equities research analysts expect that National CineMedia will post 0.05 EPS for the current year.

Hedge Funds Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its position in National CineMedia by 38.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after acquiring an additional 6,690 shares during the period. Wellington Management Group LLP increased its position in National CineMedia by 16.3% during the fourth quarter. Wellington Management Group LLP now owns 1,336,947 shares of the business services provider’s stock worth $5,535,000 after acquiring an additional 187,613 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in National CineMedia by 35.6% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,740,197 shares of the business services provider’s stock worth $19,624,000 after acquiring an additional 1,245,650 shares during the period. First Eagle Investment Management LLC bought a new position in National CineMedia during the fourth quarter worth $5,914,000. Finally, Jump Financial LLC bought a new position in National CineMedia during the fourth quarter worth $218,000. 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.