National CineMedia (NASDAQ:NCMI) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Other analysts have also recently issued research reports about the company. Barrington Research upped their price target on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Wedbush reiterated a “neutral” rating and issued a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, National CineMedia has an average rating of “Hold” and an average price target of $8.06.

National CineMedia Stock Performance

NASDAQ:NCMI opened at $6.80 on Monday. The business’s fifty day moving average is $6.76 and its 200 day moving average is $6.53. The firm has a market cap of $645.46 million, a price-to-earnings ratio of -27.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. National CineMedia has a 52-week low of $3.65 and a 52-week high of $7.60.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $58.20 million. During the same period last year, the company posted $0.33 EPS. Research analysts predict that National CineMedia will post -0.14 EPS for the current year.

Insider Activity

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the transaction, the executive vice president now owns 66,987 shares in the company, valued at approximately $436,085.37. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in shares of National CineMedia in the 3rd quarter worth about $97,000. The Manufacturers Life Insurance Company acquired a new position in shares of National CineMedia in the 2nd quarter worth $124,000. SG Americas Securities LLC raised its holdings in shares of National CineMedia by 141.2% during the third quarter. SG Americas Securities LLC now owns 30,929 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 18,108 shares during the period. Centiva Capital LP purchased a new position in shares of National CineMedia during the third quarter valued at $219,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of National CineMedia during the 3rd quarter valued at $292,000. 69.49% of the stock is owned by institutional investors and hedge funds.

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.