National CineMedia (NASDAQ:NCMI) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of National CineMedia (NASDAQ:NCMIGet Rating) in a report published on Monday morning. The firm issued a sell rating on the business services provider’s stock.

A number of other brokerages have also recently weighed in on NCMI. Wedbush reissued a buy rating and set a $3.50 price objective on shares of National CineMedia in a report on Tuesday, November 8th. Benchmark cut National CineMedia from a buy rating to a hold rating in a report on Monday, October 3rd. Barrington Research cut National CineMedia from an outperform rating to a market perform rating in a report on Friday, November 11th. Finally, B. Riley decreased their price objective on National CineMedia from $1.00 to $0.50 and set a neutral rating on the stock in a report 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $2.00.

National CineMedia Trading Up 10.4 %

Shares of NCMI opened at $0.47 on Monday. The company has a market cap of $38.13 million, a PE ratio of -1.45 and a beta of 1.75. The stock has a 50-day moving average price of $0.57 and a 200-day moving average price of $1.02. National CineMedia has a 12-month low of $0.38 and a 12-month high of $3.41.

Insider Activity at National CineMedia

In other National CineMedia news, major shareholder General L.P. Standard sold 4,516,890 shares of National CineMedia stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $0.90, for a total value of $4,065,201.00. Following the transaction, the insider now directly owns 12,932,382 shares of the company’s stock, valued at approximately $11,639,143.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On National CineMedia

Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in National CineMedia in the 3rd quarter worth approximately $29,000. Renaissance Technologies LLC purchased a new position in National CineMedia in the 2nd quarter worth approximately $41,000. Byrne Asset Management LLC increased its stake in National CineMedia by 36.0% in the 3rd quarter. Byrne Asset Management LLC now owns 85,950 shares of the business services provider’s stock worth $56,000 after purchasing an additional 22,741 shares during the period. AE Wealth Management LLC purchased a new position in National CineMedia in the 3rd quarter worth approximately $87,000. Finally, Kovack Advisors Inc. purchased a new position in National CineMedia in the 3rd quarter worth approximately $111,000.

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.

Further Reading

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