Barrington Research Issues Pessimistic Forecast for National CineMedia (NASDAQ:NCMI) Stock Price

National CineMedia (NASDAQ:NCMI) had its target price reduced by investment analysts at Barrington Research from $6.50 to $5.50 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target suggests a potential upside of 46.67% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Wedbush reaffirmed an “outperform” rating and issued a $6.00 price target (down previously from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Benchmark reduced their price objective on shares of National CineMedia from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Zacks Research raised National CineMedia from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National CineMedia in a research note on Monday, December 29th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.80.

National CineMedia Stock Down 1.8%

NASDAQ NCMI opened at $3.75 on Monday. The company has a 50 day moving average price of $3.98 and a 200 day moving average price of $4.32. The firm has a market cap of $351.86 million, a PE ratio of -25.00 and a beta of 1.35. National CineMedia has a 52 week low of $3.68 and a 52 week high of $7.25.

Insider Transactions at National CineMedia

In related news, EVP Maria Vg Woods sold 9,043 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $3.89, for a total transaction of $35,177.27. Following the transaction, the executive vice president owned 129,330 shares of the company’s stock, valued at $503,093.70. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently modified their holdings of NCMI. AQR Capital Management LLC grew its stake in National CineMedia by 59.8% in the 1st quarter. AQR Capital Management LLC now owns 488,025 shares of the business services provider’s stock worth $2,850,000 after acquiring an additional 182,548 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of National CineMedia in the first quarter worth $255,000. Goldman Sachs Group Inc. raised its stake in shares of National CineMedia by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 683,614 shares of the business services provider’s stock valued at $3,992,000 after acquiring an additional 120,079 shares during the period. Jane Street Group LLC lifted its holdings in shares of National CineMedia by 511.8% during the 1st quarter. Jane Street Group LLC now owns 93,061 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 77,849 shares in the last quarter. Finally, Strs Ohio purchased a new stake in National CineMedia during the 1st quarter worth $43,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Company Profile

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.