National CineMedia (NASDAQ:NCMI) Raised to Hold at Zacks Research

National CineMedia (NASDAQ:NCMI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Barrington Research decreased their target price on shares of National CineMedia from $7.00 to $6.50 and set an “outperform” rating for the company in a research note on Friday, October 31st. Wedbush reiterated an “outperform” rating and set a $6.00 price objective (down from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Wall Street Zen raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National CineMedia in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.60.

National CineMedia Stock Performance

NCMI stock opened at $3.86 on Thursday. The firm has a 50 day simple moving average of $4.15 and a 200 day simple moving average of $4.54. National CineMedia has a 52 week low of $3.81 and a 52 week high of $7.25. The stock has a market cap of $362.18 million, a P/E ratio of -25.73 and a beta of 1.36.

Insiders Place Their Bets

In other National CineMedia news, EVP Maria Vg Woods sold 9,039 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $4.44, for a total value of $40,133.16. Following the completion of the sale, the executive vice president owned 118,998 shares of the company’s stock, valued at $528,351.12. The trade was a 7.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of National CineMedia in the 3rd quarter valued at approximately $34,000. Strs Ohio acquired a new position in National CineMedia during the first quarter valued at approximately $43,000. Inscription Capital LLC bought a new position in shares of National CineMedia in the third quarter valued at approximately $58,000. BNP Paribas Financial Markets lifted its stake in shares of National CineMedia by 103.2% in the third quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after buying an additional 6,549 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of National CineMedia by 137.1% in the second quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock worth $69,000 after buying an additional 8,285 shares during the last quarter. Institutional investors and hedge funds 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.