National CineMedia (NASDAQ:NCMI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of National CineMedia (NASDAQ:NCMIGet Rating) in a research note released on Monday. The firm issued a sell rating on the business services provider’s stock.

Several other analysts have also issued reports on the stock. Benchmark lowered shares of National CineMedia from a buy rating to a hold rating in a research report on Monday, October 3rd. Barrington Research downgraded shares of National CineMedia from an outperform rating to a market perform rating in a research note on Friday, November 11th. Wedbush reissued a buy rating and issued a $3.50 price objective on shares of National CineMedia in a research note on Tuesday, November 8th. Finally, B. Riley dropped their price objective on shares of National CineMedia from $1.00 to $0.50 and set a neutral rating for the company in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $2.00.

National CineMedia Trading Down 8.5 %

NASDAQ NCMI opened at $0.32 on Monday. The firm has a market capitalization of $26.24 million, a price-to-earnings ratio of -1.00 and a beta of 1.86. The firm’s 50 day simple moving average is $0.38 and its 200 day simple moving average is $0.78. National CineMedia has a 1 year low of $0.22 and a 1 year high of $3.41.

National CineMedia (NASDAQ:NCMIGet Rating) last posted its quarterly earnings results on Monday, November 7th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The company had revenue of $54.50 million for the quarter, compared to analyst estimates of $54.30 million. On average, equities research analysts forecast that National CineMedia will post -0.32 earnings per share for the current year.

Hedge Funds Weigh In On National CineMedia

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in shares of National CineMedia during the third quarter valued at $29,000. Renaissance Technologies LLC bought a new position in shares of National CineMedia during the second quarter valued at $41,000. XTX Topco Ltd raised its stake in shares of National CineMedia by 130.9% during the first quarter. XTX Topco Ltd now owns 48,263 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 27,363 shares during the last quarter. UBS Group AG raised its stake in shares of National CineMedia by 112.9% during the first quarter. UBS Group AG now owns 48,361 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 25,650 shares during the last quarter. Finally, Byrne Asset Management LLC raised its stake in shares of National CineMedia by 151.7% during the second quarter. Byrne Asset Management LLC now owns 63,209 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 38,100 shares during the last quarter. Institutional investors own 35.23% of the company’s stock.

About National CineMedia

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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 pre-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.

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