National CineMedia (NASDAQ:NCMI) Raised to Hold at StockNews.com

National CineMedia (NASDAQ:NCMI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other analysts have also commented on the company. Wedbush reiterated a “neutral” rating and set a $7.50 price objective (up previously from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Barrington Research raised their price objective on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, National CineMedia presently has an average rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Trading Down 1.9 %

Shares of NCMI stock opened at $6.69 on Friday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia has a 12-month low of $3.70 and a 12-month high of $7.60. The firm’s 50 day moving average is $6.70 and its 200 day moving average is $6.79. The stock has a market capitalization of $635.01 million, a P/E ratio of -26.76 and a beta of 2.06.

Insiders Place Their Bets

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction 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 owns 66,987 shares of the company’s stock, valued at $436,085.37. This trade represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of National CineMedia

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in National CineMedia in the fourth quarter valued at $53,000. BNP Paribas Financial Markets purchased a new position in shares of National CineMedia in the 4th quarter valued at about $57,000. DRW Securities LLC purchased a new position in shares of National CineMedia in the 4th quarter valued at about $73,000. Quarry LP acquired a new position in shares of National CineMedia during the fourth quarter worth about $91,000. Finally, Intech Investment Management LLC purchased a new stake in shares of National CineMedia during the third quarter worth approximately $97,000. 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.