National CineMedia (NASDAQ:NCMI) Stock Rating Lowered by Wall Street Zen

National CineMedia (NASDAQ:NCMI) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Several other equities research analysts have also issued reports on the company. Weiss Ratings raised National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Barrington Research set a $4.25 target price on National CineMedia in a research report on Wednesday, August 12th. Zacks Research lowered National CineMedia from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Wedbush set a $5.00 price target on National CineMedia and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.81.

National CineMedia Price Performance

Shares of NASDAQ NCMI opened at $2.48 on Friday. The firm’s 50-day moving average price is $3.41 and its 200-day moving average price is $3.39. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $232.57 million, a price-to-earnings ratio of -27.55 and a beta of 1.37. National CineMedia has a 12-month low of $2.16 and a 12-month high of $5.03.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. The business had revenue of $58.40 million during the quarter, compared to the consensus estimate of $59.34 million. On average, equities research analysts anticipate that National CineMedia will post 0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other National CineMedia news, insider Maria Woods sold 12,058 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the sale, the insider directly owned 163,162 shares in the company, valued at approximately $615,120.74. This represents a 6.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of National CineMedia

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in National CineMedia during the 3rd quarter worth about $34,000. Graham Capital Management L.P. bought a new stake in shares of National CineMedia in the 4th quarter valued at about $40,000. Strs Ohio purchased a new stake in shares of National CineMedia in the 1st quarter worth approximately $43,000. NewEdge Advisors LLC purchased a new stake in shares of National CineMedia in the 1st quarter worth approximately $44,000. Finally, Jump Financial LLC bought a new position in shares of National CineMedia during the fourth quarter valued at approximately $53,000. 69.49% of the stock is currently owned by institutional investors.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.