National CineMedia (NASDAQ:NCMI) Reaches New 1-Year High at $7.25

National CineMedia, Inc. (NASDAQ:NCMI)’s stock price reached a new 52-week high on Monday . The stock traded as high as $7.25 and last traded at $7.20, with a volume of 40055 shares changing hands. The stock had previously closed at $7.20.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a research note on Monday, September 23rd. Wedbush restated a “neutral” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Tuesday, August 6th. Barrington Research upgraded National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price objective for the company in a research report on Tuesday, August 6th. Finally, B. Riley lifted their target price on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.50.

National CineMedia Stock Performance

The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $684.70 million, a PE ratio of 0.21 and a beta of 2.08. The firm’s 50-day moving average price is $6.49 and its two-hundred day moving average price is $5.41.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. The business had revenue of $54.70 million during the quarter, compared to analyst estimates of $49.87 million. During the same period last year, the business earned ($0.07) EPS. As a group, research analysts predict that National CineMedia, Inc. will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National CineMedia

A number of large investors have recently made changes to their positions in NCMI. Squarepoint Ops LLC increased its stake in shares of National CineMedia by 7.9% in the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock worth $188,000 after acquiring an additional 3,132 shares during the last quarter. Virtu Financial LLC boosted its position in National CineMedia by 13.8% during the first quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 3,172 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in National CineMedia by 38.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 6,690 shares in the last quarter. SG Americas Securities LLC acquired a new position in National CineMedia in the 2nd quarter worth about $56,000. Finally, American Century Companies Inc. raised its stake in shares of National CineMedia by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock worth $393,000 after purchasing an additional 15,177 shares in the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

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.