National CineMedia (NASDAQ:NCMI) Sets New 52-Week High at $7.11

National CineMedia, Inc. (NASDAQ:NCMI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.11 and last traded at $7.01, with a volume of 130171 shares. The stock had previously closed at $6.85.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NCMI shares. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a research note on Monday. Barrington Research upgraded National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price objective for the company in a research report on Tuesday, August 6th. Wedbush restated a “neutral” rating and issued a $6.00 target price on shares of National CineMedia in a report on Tuesday, August 6th. Finally, B. Riley upped their target price on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a report on Friday, August 16th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

National CineMedia Trading Up 0.9 %

The company’s 50 day simple moving average is $6.33 and its two-hundred day simple moving average is $5.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market cap of $667.32 million, a price-to-earnings ratio of 0.20 and a beta of 2.08.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, August 5th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The business had revenue of $54.70 million during the quarter, compared to analyst estimates of $49.87 million. National CineMedia had a net margin of 78.04% and a return on equity of 3.50%. During the same period in the prior year, the business posted ($0.07) earnings per share. Research analysts expect that National CineMedia, Inc. will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On National CineMedia

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in National CineMedia during the second quarter worth $56,000. Fermata Advisors LLC bought a new position in National CineMedia during the second quarter worth about $92,000. Bayesian Capital Management LP acquired a new stake in National CineMedia during the first quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. grew its stake in shares of National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 6,690 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in National CineMedia in the 2nd quarter valued at $124,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

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.