National CineMedia (NASDAQ:NCMI) Stock Rating Reaffirmed by Wedbush

National CineMedia (NASDAQ:NCMI)‘s stock had its “neutral” rating restated by equities research analysts at Wedbush in a research note issued on Tuesday, RTT News reports. They currently have a $5.50 price target on the business services provider’s stock. Wedbush’s price target indicates a potential upside of 17.27% from the stock’s current price.

Other analysts have also issued research reports about the stock. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. B. Riley raised National CineMedia from a “neutral” rating to a “buy” rating and raised their target price for the company from $4.50 to $6.75 in a report on Tuesday, March 19th. Finally, Benchmark reissued a “speculative buy” rating and set a $6.00 price target on shares of National CineMedia in a report on Tuesday.

National CineMedia Trading Up 1.7 %

Shares of NCMI stock opened at $4.69 on Tuesday. The stock has a market cap of $455.05 million, a P/E ratio of 0.14 and a beta of 1.93. National CineMedia has a 1 year low of $2.57 and a 1 year high of $5.75. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $4.29.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, March 18th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $90.90 million for the quarter, compared to the consensus estimate of $77.25 million. National CineMedia had a net margin of 426.68% and a negative return on equity of 22.42%. On average, research analysts predict that National CineMedia will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hill Investment Group Partners LLC raised its position in National CineMedia by 67.4% in the fourth quarter. Hill Investment Group Partners LLC now owns 17,116 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 6,889 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position 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 buying an additional 6,690 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in National CineMedia during the 3rd quarter worth approximately $136,000. Bank of New York Mellon Corp acquired a new position in National CineMedia in the 3rd quarter valued at approximately $212,000. Finally, Jump Financial LLC bought a new position in shares of National CineMedia during the fourth quarter valued at $218,000. 69.49% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia Company Profile

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.