National CineMedia (NASDAQ:NCMI) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of National CineMedia, Inc. (NASDAQ:NCMI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.74 and traded as high as $7.19. National CineMedia shares last traded at $7.19, with a volume of 457,732 shares traded.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NCMI. StockNews.com lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Monday, January 20th. Barrington Research increased their target price on shares of National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.06.

National CineMedia Stock Down 1.7 %

The business’s fifty day moving average price is $6.74 and its 200 day moving average price is $6.74. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $671.08 million, a price-to-earnings ratio of -28.28 and a beta of 2.06.

Insiders Place Their Bets

In related news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the sale, the executive vice president now directly owns 66,987 shares in the company, valued at $436,085.37. The trade was a 26.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NCMI. Ranger Investment Management L.P. acquired a new position in National CineMedia in the 4th quarter valued at about $4,058,000. Charles Schwab Investment Management Inc. increased its stake in shares of National CineMedia by 240.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after acquiring an additional 509,756 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of National CineMedia by 5.6% during 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 acquiring an additional 365,360 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of National CineMedia by 124.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock valued at $3,309,000 after acquiring an additional 260,689 shares during the last quarter. Finally, State Street Corp increased its stake in shares of National CineMedia by 23.8% during the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock valued at $8,160,000 after acquiring an additional 222,498 shares during the last quarter. Institutional investors and hedge funds 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.