National CineMedia (NASDAQ:NCMI) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings downgraded National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Zacks Research raised National CineMedia from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Barrington Research set a $4.25 target price on National CineMedia in a report on Wednesday, August 12th. Finally, Wedbush set a $5.00 target price on National CineMedia and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.81.

National CineMedia Stock Down 8.4%

NCMI stock opened at $2.06 on Friday. National CineMedia has a 12 month low of $1.99 and a 12 month high of $4.56. The firm has a market cap of $193.19 million, a PE ratio of -22.89 and a beta of 1.61. The firm has a 50 day simple moving average of $2.43 and a 200 day simple moving average of $3.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84.

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

Insider Buying and Selling

In other National CineMedia news, insider Maria Woods sold 12,189 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $2.09, for a total transaction of $25,475.01. Following the completion of the sale, the insider directly owned 176,806 shares of the company’s stock, valued at approximately $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of National CineMedia by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 673,310 shares of the business services provider’s stock worth $2,054,000 after acquiring an additional 10,550 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of National CineMedia in the 1st quarter valued at approximately $44,000. Sequoia Financial Advisors LLC purchased a new stake in shares of National CineMedia in the 2nd quarter valued at approximately $60,000. Renaissance Technologies LLC purchased a new stake in shares of National CineMedia in the 1st quarter valued at approximately $59,000. Finally, Bank of America Corp DE lifted its position in shares of National CineMedia by 38.7% in the 1st quarter. Bank of America Corp DE now owns 74,983 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 20,928 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia Company Profile

National CineMedia, Inc (NASDAQ:NCMI) is a media company focused on advertising and entertainment in movie theaters. Through its Noovie pre-show network, the company delivers advertising, branded content, movie-related entertainment and other programming to audiences before films begin.

National CineMedia sells and distributes national, regional and local advertising campaigns across participating cinema locations in the United States. Its offerings can include on-screen video advertising, interactive promotions, lobby advertising and other theater-based marketing programs designed to connect brands with moviegoers.

The company was established in 2005 and became a publicly traded company in 2007.