National CineMedia (NASDAQ:NCMI) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a research report released on Tuesday morning.

Several other brokerages have also weighed in on NCMI. Wedbush restated a “neutral” rating and issued a $7.50 price objective (up previously from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Barrington Research upped their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. B. Riley raised their target price on shares of National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Benchmark restated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, National CineMedia has an average rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Trading Up 0.9 %

Shares of National CineMedia stock opened at $6.86 on Tuesday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The firm has a market cap of $651.15 million, a price-to-earnings ratio of -27.44 and a beta of 2.07. The business has a fifty day simple moving average of $6.85 and a 200-day simple moving average of $6.01. National CineMedia has a fifty-two week low of $3.63 and a fifty-two week high of $7.39.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $62.40 million during the quarter, compared to analyst estimates of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same quarter last year, the company earned $0.33 EPS. On average, equities analysts forecast that National CineMedia will post -0.14 EPS for the current fiscal year.

Institutional Trading of National CineMedia

Several institutional investors have recently made changes to their positions in NCMI. Vanguard Group Inc. lifted its position in National CineMedia by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock worth $18,460,000 after buying an additional 18,347 shares in the last quarter. Quadrature Capital Ltd purchased a new position in National CineMedia in the first quarter valued at about $298,000. Bayesian Capital Management LP purchased a new position in National CineMedia in the first quarter valued at about $104,000. Virtu Financial LLC increased its position in National CineMedia by 13.8% in the 1st quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock worth $135,000 after purchasing an additional 3,172 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of National CineMedia by 270.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 208,649 shares of the business services provider’s stock worth $916,000 after purchasing an additional 152,251 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

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.