National CineMedia (NASDAQ:NCMI) Hits New 1-Year High at $7.25

National CineMedia, Inc. (NASDAQ:NCMI)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $7.25 and last traded at $7.20, with a volume of 40055 shares traded. The stock had previously closed at $7.20.

Analyst Ratings Changes

Several research firms have recently commented on NCMI. B. Riley raised their price objective on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Friday, August 16th. Wedbush reissued a “neutral” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Tuesday, August 6th. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price objective on the stock in a research report on Tuesday, August 6th. Finally, Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.50.

National CineMedia Stock Down 3.5 %

The firm’s fifty day simple moving average is $6.54 and its 200 day simple moving average is $5.45. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.03. The company has a market cap of $656.70 million, a price-to-earnings ratio of 0.20 and a beta of 2.08.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. The firm had revenue of $54.70 million for the quarter, compared to analyst estimates of $49.87 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. Sell-side analysts predict that National CineMedia, Inc. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On National CineMedia

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in National CineMedia in the second quarter valued at approximately $56,000. Fermata Advisors LLC purchased a new position in shares of National CineMedia in the 2nd quarter valued at $92,000. Bayesian Capital Management LP acquired a new stake in National CineMedia during the 1st quarter worth $104,000. Oppenheimer Asset Management Inc. raised its stake in National CineMedia by 38.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after acquiring an additional 6,690 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in National CineMedia in the second quarter valued at $124,000. Institutional investors and hedge funds 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.