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

National CineMedia (NASDAQ:NCMI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also issued reports about the company. Barrington Research boosted their target price on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Wedbush reissued 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. Benchmark reissued a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research report on Monday, September 23rd. Finally, B. Riley upped their price target on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, National CineMedia currently has an average rating of “Moderate Buy” and an average target price of $8.06.

National CineMedia Trading Up 0.9 %

NASDAQ:NCMI opened at $6.86 on Tuesday. National CineMedia has a 12-month low of $3.63 and a 12-month high of $7.39. The firm has a market capitalization of $651.15 million, a P/E ratio of -27.52 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. The business has a 50 day simple moving average of $6.85 and a 200 day simple moving average of $6.01.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The firm had revenue of $62.40 million during the quarter, compared to the consensus estimate of $58.20 million. During the same period in the prior year, the firm posted $0.33 EPS. Equities research analysts predict that National CineMedia will post -0.14 EPS for the current year.

Institutional Investors Weigh In On National CineMedia

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in National CineMedia by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider’s stock worth $13,835,000 after purchasing an additional 15,605 shares in the last quarter. National Bank of Canada FI raised its position in National CineMedia by 98.0% in the third quarter. National Bank of Canada FI now owns 153,492 shares of the business services provider’s stock worth $1,082,000 after purchasing an additional 75,978 shares in the last quarter. State Street Corp raised its position 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 purchasing an additional 222,498 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in National CineMedia by 5.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock worth $48,905,000 after purchasing an additional 365,360 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of National CineMedia during the third quarter worth approximately $219,000. 69.49% of the stock is currently owned by institutional investors.

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.