National CineMedia (NASDAQ:NCMI) Upgraded to “Hold” at StockNews.com

National CineMedia (NASDAQ:NCMI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Other analysts have also issued research reports about the company. Barrington Research boosted their price target on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a report 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. Wedbush reissued a “neutral” rating and issued a $7.50 target price (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Finally, B. Riley upped their price target on shares of National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.06.

National CineMedia Price Performance

NASDAQ NCMI opened at $7.11 on Friday. The company has a 50-day moving average price of $6.87 and a 200-day moving average price of $6.09. National CineMedia has a 52 week low of $3.63 and a 52 week high of $7.45. 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 capitalization of $674.88 million, a P/E ratio of -28.44 and a beta of 2.07.

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

Institutional Trading of National CineMedia

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCMI. Vanguard Group Inc. boosted its stake 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 purchasing an additional 18,347 shares during the period. SG Americas Securities LLC bought a new stake in National CineMedia in the 2nd quarter valued at $56,000. Fermata Advisors LLC bought a new stake in National CineMedia in the 2nd quarter valued at $92,000. Bank of New York Mellon Corp purchased a new stake in National CineMedia in the 2nd quarter worth $979,000. Finally, Rhumbline Advisers bought a new position in shares of National CineMedia during the 2nd quarter valued at about $427,000. 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.