National CineMedia (NASDAQ:NCMI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Several other analysts have also recently issued reports on the company. Zacks Research cut National CineMedia from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Barrington Research set a $4.25 price target on shares of National CineMedia in a research report on Wednesday, August 12th. Wedbush set a $5.00 price target on shares of National CineMedia and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, National CineMedia has an average rating of “Hold” and an average target price of $4.81.

National CineMedia Stock Down 3.1%

Shares of NCMI stock opened at $2.52 on Friday. The company’s fifty day simple moving average is $3.52 and its two-hundred day simple moving average is $3.41. National CineMedia has a 52 week low of $2.16 and a 52 week high of $5.03. The stock has a market cap of $236.33 million, a P/E ratio of -28.00 and a beta of 1.38. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%.The firm had revenue of $58.40 million during the quarter, compared to the consensus estimate of $59.34 million. Analysts predict that National CineMedia will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Maria Vg Woods sold 12,058 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total value of $45,458.66. Following the sale, the insider owned 163,162 shares of the company’s stock, valued at approximately $615,120.74. This represents a 6.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On National CineMedia

A number of large investors have recently made changes to their positions in NCMI. Quantbot Technologies LP bought a new position in National CineMedia during the 3rd quarter valued at about $34,000. Graham Capital Management L.P. purchased a new position in shares of National CineMedia during the fourth quarter valued at approximately $40,000. Strs Ohio purchased a new position in shares of National CineMedia during the first quarter valued at approximately $43,000. NewEdge Advisors LLC bought a new position in shares of National CineMedia during the first quarter valued at approximately $44,000. Finally, Jump Financial LLC purchased a new stake in shares of National CineMedia in the fourth quarter worth approximately $53,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

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.