National CineMedia (NASDAQ:NCMI) Raised to Hold at StockNews.com

StockNews.com upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Other equities research analysts have also recently issued reports about the stock. Wedbush reiterated a “neutral” rating and set a $7.50 price target (up from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Barrington Research increased their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, National CineMedia presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Performance

NASDAQ NCMI opened at $6.69 on Friday. The stock has a fifty day simple moving average of $6.70 and a 200-day simple moving average of $6.78. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock has a market cap of $635.01 million, a PE ratio of -26.76 and a beta of 2.06. National CineMedia has a twelve month low of $3.70 and a twelve month high of $7.60.

Insiders Place Their Bets

In other news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the completion of the transaction, the executive vice president now owns 66,987 shares of the company’s stock, valued at approximately $436,085.37. This trade represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On National CineMedia

A number of hedge funds have recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in shares of National CineMedia during the fourth quarter worth $53,000. BNP Paribas Financial Markets acquired a new position in National CineMedia during the 4th quarter worth $57,000. DRW Securities LLC purchased a new stake in National CineMedia during the 4th quarter worth about $73,000. Quarry LP acquired a new stake in National CineMedia in the 4th quarter valued at about $91,000. Finally, Ieq Capital LLC purchased a new position in shares of National CineMedia in the 4th quarter valued at about $93,000. 69.49% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia Company Profile

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 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.