National CineMedia (NASDAQ:NCMI) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a research report released on Tuesday.

A number of other brokerages also recently weighed in on NCMI. B. Riley raised their target price on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Wedbush restated a “neutral” rating and set a $7.50 price objective (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research report on Monday, September 23rd. Finally, Barrington Research lifted their price target 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.06.

National CineMedia Stock Performance

NASDAQ NCMI opened at $6.80 on Tuesday. The company’s 50 day simple moving average is $6.86 and its two-hundred day simple moving average is $5.99. The stock has a market capitalization of $645.42 million, a PE ratio of -27.20 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. National CineMedia has a 1 year low of $3.63 and a 1 year high of $7.39.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data 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). The business had revenue of $62.40 million for the quarter, compared to the consensus estimate of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same period in the prior year, the business posted $0.33 EPS. Analysts predict that National CineMedia will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in National CineMedia by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider’s stock valued at $13,835,000 after acquiring an additional 15,605 shares during the period. National Bank of Canada FI increased its holdings in National CineMedia by 98.0% during the 3rd quarter. National Bank of Canada FI now owns 153,492 shares of the business services provider’s stock valued at $1,082,000 after purchasing an additional 75,978 shares during the period. State Street Corp raised its position in 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 purchasing an additional 222,498 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings 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 worth $48,905,000 after buying an additional 365,360 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of National CineMedia in the 3rd quarter worth approximately $219,000. 69.49% of the stock is owned by institutional investors.

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.