National CineMedia (NASDAQ:NCMI) Trading 7.6% Higher – Here’s Why

Shares of National CineMedia, Inc. (NASDAQ:NCMI) shot up 7.6% on Friday . The stock traded as high as $6.67 and last traded at $6.74. 506,716 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 506,602 shares. The stock had previously closed at $6.26.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NCMI. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. Barrington Research boosted their price target on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. Finally, Wedbush reiterated a “neutral” rating and set a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, National CineMedia currently has an average rating of “Moderate Buy” and an average price target of $8.06.

National CineMedia Trading Up 8.6 %

The business has a 50 day moving average of $6.74 and a two-hundred day moving average of $6.47. The firm has a market capitalization of $645.46 million, a price-to-earnings ratio of -27.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $58.20 million. During the same period in the previous year, the company earned $0.33 earnings per share. Equities analysts predict that National CineMedia, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was 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 approximately $436,085.37. The trade was a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC raised its position in National CineMedia by 5.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock valued at $48,905,000 after buying an additional 365,360 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of National CineMedia by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider’s stock valued at $13,835,000 after purchasing an additional 15,605 shares during the last quarter. State Street Corp lifted its position in shares of National CineMedia by 23.8% during the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock valued at $8,160,000 after purchasing an additional 222,498 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in National CineMedia by 240.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock worth $5,088,000 after purchasing an additional 509,756 shares during the last quarter. Finally, Luxor Capital Group LP boosted its holdings in National CineMedia by 1,581.1% during the second quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock worth $2,155,000 after purchasing an additional 461,614 shares during the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

About National CineMedia

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.