National CineMedia (NASDAQ:NCMI) Rating Increased to Hold at StockNews.com

National CineMedia (NASDAQ:NCMI - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Tuesday.

Other analysts also recently issued research reports about the stock. Wedbush reaffirmed a "neutral" rating and issued a $7.50 price objective on shares of National CineMedia in a research report on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and set a $8.00 price target on shares of National CineMedia in a research note on Friday, March 7th. Barrington Research decreased their price objective on shares of National CineMedia from $8.25 to $7.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Finally, William Blair reaffirmed a "neutral" rating and set a $7.50 target price on shares of National CineMedia in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $7.70.

National CineMedia Trading Up 4.2 %

NCMI traded up $0.24 during trading on Tuesday, hitting $5.95. 1,246,696 shares of the company's stock were exchanged, compared to its average volume of 647,685. National CineMedia has a 1 year low of $4.03 and a 1 year high of $7.60. The stock has a 50 day moving average price of $6.57 and a 200 day moving average price of $6.77. The firm has a market cap of $566.50 million, a P/E ratio of -23.80 and a beta of 2.19. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03.

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National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.77 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. As a group, analysts expect that National CineMedia will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling at National CineMedia

In other National CineMedia news, major shareholder Blantyre Capital Ltd bought 300,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $5.12 per share, with a total value of $1,536,000.00. Following the completion of the acquisition, the insider now owns 10,250,721 shares of the company's stock, valued at approximately $52,483,691.52. This trade represents a 3.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the transaction, the executive vice president now directly owns 66,987 shares of the company's stock, valued at $436,085.37. This trade represents a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On National CineMedia

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in National CineMedia in the 4th quarter worth about $53,000. BNP Paribas Financial Markets bought a new position in National CineMedia in the 4th quarter valued at about $57,000. DRW Securities LLC bought a new stake in shares of National CineMedia during the 4th quarter worth about $73,000. Quarry LP acquired a new stake in shares of National CineMedia in the 4th quarter worth approximately $91,000. Finally, Ieq Capital LLC bought a new position in shares of National CineMedia in the fourth quarter valued at approximately $93,000. 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.