National CineMedia (NASDAQ:NCMI) Stock Rating Lowered by Wall Street Zen

National CineMedia (NASDAQ:NCMI) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a report issued on Saturday.

Other equities research analysts have also issued reports about the company. Weiss Ratings lowered National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Wedbush decreased their price target on National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. B. Riley Financial decreased their price target on National CineMedia from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Finally, Barrington Research decreased their price target on National CineMedia from $6.50 to $5.50 and set an “outperform” rating for the company in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.38.

National CineMedia Price Performance

Shares of NASDAQ:NCMI opened at $2.80 on Friday. The firm has a market capitalization of $262.58 million, a PE ratio of -31.11 and a beta of 1.43. The business has a 50 day simple moving average of $3.35 and a two-hundred day simple moving average of $3.67. National CineMedia has a 1 year low of $2.78 and a 1 year high of $5.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.03. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.The firm had revenue of $34.00 million for the quarter, compared to the consensus estimate of $32.92 million.

Insider Buying and Selling at National CineMedia

In other news, EVP Maria Vg Woods sold 12,066 shares of National CineMedia stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $3.04, for a total transaction of $36,680.64. Following the completion of the sale, the executive vice president owned 143,097 shares of the company’s stock, valued at approximately $435,014.88. The trade was a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of National CineMedia

Several institutional investors and hedge funds have recently modified their holdings of NCMI. Lunate Capital Ltd purchased a new position in National CineMedia during the third quarter valued at approximately $36,740,000. Orbis Allan Gray Ltd increased its holdings in National CineMedia by 79.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 9,523,889 shares of the business services provider’s stock valued at $37,048,000 after buying an additional 4,218,288 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in National CineMedia by 34.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider’s stock valued at $27,742,000 after buying an additional 1,568,376 shares during the period. Luxor Capital Group LP increased its holdings in National CineMedia by 61.3% during the first quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider’s stock valued at $5,553,000 after buying an additional 691,879 shares during the period. Finally, Barclays PLC increased its holdings in National CineMedia by 30.1% during the fourth quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock valued at $7,793,000 after buying an additional 463,112 shares during the period. Institutional investors own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.