StockNews.com Downgrades National CineMedia (NASDAQ:NCMI) to Sell

National CineMedia (NASDAQ:NCMI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Other equities analysts have also recently issued research reports about the stock. Barrington Research boosted their price objective on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, National CineMedia presently has a consensus rating of “Hold” and an average price target of $8.06.

National CineMedia Price Performance

NCMI stock opened at $6.22 on Monday. The firm has a market cap of $590.37 million, a P/E ratio of -24.88 and a beta of 2.06. The firm’s fifty day moving average is $6.68 and its 200 day moving average is $6.82. National CineMedia has a 52 week low of $3.70 and a 52 week high of $7.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46.

Insiders Place Their Bets

In related news, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the transaction, the executive vice president now directly owns 66,987 shares in the company, valued at approximately $436,085.37. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

A number of hedge funds have recently made changes to their positions in the business. Kings Path Partners LLC bought a new position in National CineMedia in the 4th quarter worth approximately $408,000. Charles Schwab Investment Management Inc. increased its holdings in National CineMedia by 240.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after acquiring an additional 509,756 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in National CineMedia in the 3rd quarter worth $292,000. State Street Corp boosted its holdings in shares of National CineMedia by 23.8% during the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock valued at $8,160,000 after purchasing an additional 222,498 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of National CineMedia by 124.9% during the third quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock valued at $3,309,000 after purchasing an additional 260,689 shares in the last quarter. Institutional investors own 69.49% of the company’s stock.

About National CineMedia

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.