B. Riley Has Lowered Expectations for National CineMedia (NASDAQ:NCMI) Stock Price

National CineMedia (NASDAQ:NCMI) had its price target lowered by equities researchers at B. Riley from $5.00 to $4.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. B. Riley’s target price indicates a potential upside of 5.26% from the company’s previous close.

Other analysts have also issued reports about the stock. Wall Street Zen raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Barrington Research cut their price objective on National CineMedia from $7.00 to $6.50 and set an “outperform” rating for the company in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of National CineMedia in a research note on Monday, December 29th. Zacks Research raised National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Benchmark reduced their target price on National CineMedia from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, National CineMedia currently has a consensus rating of “Hold” and an average target price of $6.00.

National CineMedia Trading Up 0.5%

Shares of National CineMedia stock opened at $3.80 on Thursday. National CineMedia has a 52 week low of $3.68 and a 52 week high of $7.25. The stock has a market cap of $356.55 million, a PE ratio of -25.40 and a beta of 1.35. The company’s 50-day moving average price is $3.99 and its two-hundred day moving average price is $4.33.

Insider Transactions at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 9,043 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $3.89, for a total value of $35,177.27. Following the completion of the sale, the executive vice president owned 129,330 shares in the company, valued at $503,093.70. This represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On National CineMedia

A number of hedge funds have recently modified their holdings of NCMI. American Century Companies Inc. lifted its holdings in shares of National CineMedia by 2.2% during the second quarter. American Century Companies Inc. now owns 145,233 shares of the business services provider’s stock worth $704,000 after buying an additional 3,110 shares during the last quarter. BNP Paribas Financial Markets increased its position in National CineMedia by 103.2% during the third quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after acquiring an additional 6,549 shares during the period. Strs Ohio acquired a new position in National CineMedia during the 1st quarter valued at $43,000. Quantbot Technologies LP bought a new stake in National CineMedia in the 3rd quarter valued at $34,000. Finally, Legal & General Group Plc grew its position in National CineMedia by 137.1% in the 2nd quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock worth $69,000 after purchasing an additional 8,285 shares during the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

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.