National CineMedia (NASDAQ:NCMI) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of National CineMedia, Inc. (NASDAQ:NCMI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.88 and traded as high as $6.78. National CineMedia shares last traded at $6.63, with a volume of 388,657 shares.

Analyst Ratings Changes

NCMI has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research note on Monday, September 23rd. B. Riley upped their price objective on National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. Barrington Research upped their price objective on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $7.50 price objective (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.06.

National CineMedia Stock Down 1.6 %

The company has a fifty day moving average price of $6.85 and a 200-day moving average price of $5.88. The firm has a market capitalization of $629.32 million, a PE ratio of -26.52 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The company had revenue of $62.40 million for the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, analysts expect that National CineMedia, Inc. will post -0.14 earnings per share for the current year.

Institutional Trading of National CineMedia

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI raised its holdings in National CineMedia by 98.0% during the 3rd quarter. National Bank of Canada FI now owns 153,492 shares of the business services provider’s stock valued at $1,082,000 after buying an additional 75,978 shares during the period. State Street Corp grew its position 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 worth $8,160,000 after buying an additional 222,498 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of National CineMedia by 5.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock worth $48,905,000 after buying an additional 365,360 shares in the last quarter. Centiva Capital LP bought a new position in shares of National CineMedia during the 3rd quarter worth $219,000. Finally, MetLife Investment Management LLC bought a new position in shares of National CineMedia during the 3rd quarter worth $292,000. Hedge funds and other 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.