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

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

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

National CineMedia Stock Up 2.7 %

Shares of NASDAQ NCMI opened at $7.30 on Friday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $692.88 million, a PE ratio of -29.20 and a beta of 2.07. The stock’s fifty day simple moving average is $6.87 and its two-hundred day simple moving average is $6.13. National CineMedia has a 12-month low of $3.63 and a 12-month high of $7.45.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) 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 the consensus estimate of $58.20 million. During the same period last year, the business posted $0.33 EPS. As a group, analysts expect that National CineMedia will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On National CineMedia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCMI. Vanguard Group Inc. raised its stake in National CineMedia by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock worth $18,460,000 after acquiring an additional 18,347 shares during the last quarter. SG Americas Securities LLC acquired a new stake in National CineMedia during the 2nd quarter worth about $56,000. Fermata Advisors LLC acquired a new stake in National CineMedia during the 2nd quarter worth about $92,000. Bank of New York Mellon Corp acquired a new stake in National CineMedia during the 2nd quarter worth about $979,000. Finally, Rhumbline Advisers acquired a new stake in National CineMedia during the 2nd quarter worth about $427,000. 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.