National CineMedia (NASDAQ:NCMI) Earns Neutral Rating from Wedbush

Wedbush reissued their neutral rating on shares of National CineMedia (NASDAQ:NCMI) in a research report released on Wednesday,RTT News reports. They currently have a $7.50 price objective on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Barrington Research upped their price target on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com cut National CineMedia from a “hold” rating to a “sell” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.06.

National CineMedia Trading Up 2.7 %

Shares of NCMI opened at $6.39 on Wednesday. The business’s 50-day moving average price is $6.68 and its 200-day moving average price is $6.82. National CineMedia has a twelve month low of $3.70 and a twelve month high of $7.60. The stock has a market cap of $606.51 million, a PE ratio of -25.56 and a beta of 2.06. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03.

Insider Transactions at National CineMedia

In other news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction 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. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Kings Path Partners LLC purchased a new position in shares of National CineMedia during the fourth quarter worth about $408,000. Charles Schwab Investment Management Inc. grew its holdings in shares of National CineMedia by 240.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock worth $5,088,000 after purchasing an additional 509,756 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in National CineMedia in the third quarter worth approximately $292,000. State Street Corp boosted its stake in National CineMedia by 23.8% in the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after buying an additional 222,498 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in National CineMedia by 39.7% in the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider’s stock worth $287,000 after buying an additional 12,281 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

About National CineMedia

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.