National CineMedia, Inc. (NASDAQ:NCMI) Given Consensus Rating of “Hold” by Analysts

National CineMedia, Inc. (NASDAQ:NCMI) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.80.

A number of research analysts recently issued reports on NCMI shares. Wedbush restated an “outperform” rating and set a $6.00 price target (down previously from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of National CineMedia in a report on Monday, December 29th. Barrington Research dropped their price target on National CineMedia from $6.50 to $5.50 and set an “outperform” rating for the company in a research note on Monday, January 26th. Benchmark cut their price target on shares of National CineMedia from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Finally, Wall Street Zen upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Sunday, November 9th.

Insider Activity at National CineMedia

In related news, EVP Maria Vg Woods sold 9,043 shares of National CineMedia stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $3.89, for a total transaction of $35,177.27. Following the sale, the executive vice president directly owned 129,330 shares in the company, valued at $503,093.70. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On National CineMedia

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCMI. Strs Ohio purchased a new position in National CineMedia during the 1st quarter valued at about $43,000. Quantbot Technologies LP bought a new position in shares of National CineMedia during the third quarter valued at approximately $34,000. Graham Capital Management L.P. bought a new position in shares of National CineMedia during the fourth quarter valued at approximately $40,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 valued at $58,000 after purchasing an additional 6,549 shares during the last quarter. Finally, Inscription Capital LLC bought a new stake in shares of National CineMedia in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Stock Performance

Shares of National CineMedia stock opened at $3.32 on Friday. The company’s 50 day moving average price is $3.73 and its 200-day moving average price is $4.14. National CineMedia has a 52-week low of $3.17 and a 52-week high of $7.00. The stock has a market capitalization of $311.52 million, a price-to-earnings ratio of -22.13 and a beta of 1.38.

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.