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

StockNews.com upgraded shares of National CineMedia (NASDAQ:NCMI - Free Report) from a sell rating to a hold rating in a research note published on Friday morning.

Other equities analysts have also issued research reports about the company. Barrington Research upped their price objective on National CineMedia from $7.50 to $8.25 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Benchmark reaffirmed a "buy" rating and set a $8.00 price objective on shares of National CineMedia in a report on Monday, September 23rd. Wedbush reissued a "neutral" rating and issued a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Finally, B. Riley upped their target price on shares of National CineMedia from $7.50 to $8.50 and gave the stock a "buy" rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $8.06.

National CineMedia Stock Performance

NASDAQ NCMI traded up $0.19 on Friday, reaching $7.30. 531,308 shares of the stock were exchanged, compared to its average volume of 612,331. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia has a one year low of $3.63 and a one year high of $7.45. The firm has a market capitalization of $692.92 million, a PE ratio of -28.56 and a beta of 2.07. The company's 50-day simple moving average is $6.87 and its two-hundred day simple moving average is $6.10.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $62.40 million for the quarter, compared to the consensus estimate of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same quarter in the previous year, the business earned $0.33 earnings per share. Analysts expect that National CineMedia will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in National CineMedia during the second quarter valued at $56,000. Fermata Advisors LLC purchased a new stake in shares of National CineMedia during the 2nd quarter valued at about $92,000. Intech Investment Management LLC purchased a new position in National CineMedia in the third quarter worth about $97,000. The Manufacturers Life Insurance Company purchased a new position in National CineMedia in the second quarter worth about $124,000. Finally, Hill Investment Group Partners LLC increased its stake in National CineMedia by 100.9% during the second quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider's stock worth $151,000 after acquiring an additional 17,276 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors.

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.