National CineMedia (NASDAQ:NCMI) Raised to “Hold” at StockNews.com

National CineMedia (NASDAQ:NCMI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Several other research analysts have also recently issued reports on NCMI. Wedbush reiterated a “neutral” rating and issued a $7.50 price objective (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Monday, September 23rd. B. Riley raised their price target on National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Barrington Research raised their price target on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.06.

National CineMedia Stock Performance

Shares of NCMI opened at $6.86 on Tuesday. The company has a market capitalization of $651.15 million, a price-to-earnings ratio of -27.52 and a beta of 2.07. National CineMedia has a 52-week low of $3.63 and a 52-week high of $7.39. The stock has a 50 day moving average price of $6.85 and a 200 day moving average price of $6.01. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data 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 firm had revenue of $62.40 million during the quarter, compared to analyst estimates of $58.20 million. During the same period in the previous year, the company posted $0.33 earnings per share. Research analysts predict that National CineMedia will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On National CineMedia

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of National CineMedia in the 2nd quarter valued at about $56,000. Intech Investment Management LLC purchased a new stake in shares of National CineMedia during the 3rd quarter valued at about $97,000. Bayesian Capital Management LP purchased a new stake in shares of National CineMedia during the 1st quarter valued at about $104,000. Fermata Advisors LLC purchased a new stake in shares of National CineMedia during the 2nd quarter valued at about $92,000. Finally, Virtu Financial LLC raised its holdings in shares of National CineMedia by 13.8% during the 1st quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock valued at $135,000 after buying an additional 3,172 shares during the period. 69.49% of the stock is owned by institutional investors and hedge funds.

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.