National CineMedia (NASDAQ:NCMI) Stock Price Target Cut by StoneX

National CineMedia (NASDAQ:NCMI) had its target price cut by equities researchers at StoneX from $6.00 to $4.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. StoneX‘s price target would indicate a potential upside of 115.05% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Wedbush set a $5.00 price target on National CineMedia and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. National Bank Financial set a $1.75 price objective on National CineMedia in a report on Monday, November 2nd. Barrington Research set a $4.25 price objective on National CineMedia in a research note on Wednesday, August 12th. Weiss Ratings lowered National CineMedia from a “sell (d+)” rating to a “sell (e+)” rating in a report on Wednesday. Finally, Wall Street Zen cut National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, National CineMedia currently has an average rating of “Hold” and an average target price of $4.17.

National CineMedia Price Performance

Shares of NCMI opened at $1.86 on Wednesday. The firm has a market cap of $174.43 million, a PE ratio of -6.41 and a beta of 1.75. The firm’s 50 day moving average price is $2.09 and its 200 day moving average price is $3.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. National CineMedia has a twelve month low of $1.40 and a twelve month high of $4.33.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Tuesday, November 10th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.01 by $0.32. The company had revenue of $61.40 million during the quarter, compared to the consensus estimate of $72.22 million. National CineMedia had a negative net margin of 10.69% and a positive return on equity of 7.62%. As a group, research analysts expect that National CineMedia will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Maria Woods sold 12,189 shares of National CineMedia stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $2.09, for a total value of $25,475.01. Following the transaction, the insider owned 176,806 shares in the company, valued at $369,524.54. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On National CineMedia

A number of hedge funds have recently bought and sold shares of NCMI. Bank of New York Mellon Corp bought a new position in shares of National CineMedia in the second quarter worth about $2,653,000. Luxor Capital Group LP lifted its position in shares of National CineMedia by 61.3% during the 1st quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider’s stock worth $5,553,000 after purchasing an additional 691,879 shares during the last quarter. Wellington Management Group LLP boosted its stake in National CineMedia by 16.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock valued at $12,237,000 after purchasing an additional 444,984 shares during the period. Citadel Advisors LLC boosted its stake in National CineMedia by 682.4% during the 2nd quarter. Citadel Advisors LLC now owns 278,577 shares of the business services provider’s stock valued at $1,059,000 after purchasing an additional 242,970 shares during the period. Finally, Zazove Associates LLC grew its holdings in National CineMedia by 78.3% in the 1st quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock valued at $1,400,000 after buying an additional 201,564 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors.

About National CineMedia

National CineMedia, Inc. (NASDAQ: NCMI) is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment. Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.