National CineMedia (NASDAQ:NCMI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. They have long term exhibitor services agreements with our founding members, Cinemark and Regal, the three largest motion picture exhibition companies in the U.S.and multi year agreements with several other theatre operators whom they refer to as network affiliates. The network affiliate agreements grant them exclusive rights, subject to limited exceptions, to sell advertising on their theatre screens. “

Other equities analysts have also issued research reports about the company. BidaskClub lowered National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. B. Riley lowered National CineMedia from a “buy” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $8.75 in a research report on Tuesday, November 7th. ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. lowered National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price target for the company. in a research report on Wednesday, November 8th. Finally, Credit Suisse Group decreased their price target on National CineMedia from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. National CineMedia presently has an average rating of “Hold” and a consensus target price of $7.90.

National CineMedia (NCMI) opened at $6.61 on Wednesday. The stock has a market capitalization of $518.11, a PE ratio of 21.29, a P/E/G ratio of 1.99 and a beta of 0.62. National CineMedia has a fifty-two week low of $5.12 and a fifty-two week high of $14.99. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The firm had revenue of $116.40 million for the quarter, compared to analyst estimates of $108.21 million. During the same period in the previous year, the company earned $0.13 earnings per share. National CineMedia’s revenue was up 2.6% compared to the same quarter last year. analysts anticipate that National CineMedia will post 0.3 EPS for the current year.

In related news, major shareholder General L.P. Standard purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average price of $6.94 per share, for a total transaction of $104,100.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 810,940 shares of company stock valued at $5,503,629 in the last quarter. 5.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in NCMI. Janus Henderson Group PLC acquired a new stake in National CineMedia during the 2nd quarter worth about $27,242,000. Oaktree Capital Management LP acquired a new stake in National CineMedia during the 3rd quarter worth about $25,301,000. River Road Asset Management LLC acquired a new stake in National CineMedia during the 3rd quarter worth about $11,035,000. Western Standard LLC boosted its position in National CineMedia by 375.6% during the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock worth $6,138,000 after acquiring an additional 694,446 shares during the period. Finally, Vivaldi Asset Management LLC boosted its position in National CineMedia by 244.1% during the 3rd quarter. Vivaldi Asset Management LLC now owns 667,110 shares of the business services provider’s stock worth $4,656,000 after acquiring an additional 473,232 shares during the period. Hedge funds and other institutional investors own 86.32% of the company’s stock.

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About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

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Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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