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

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

Several other brokerages have also weighed in on NCMI. Barrington Research lifted 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. Wedbush reiterated a “neutral” rating and issued a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. Benchmark restated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research note on Monday, September 23rd. Finally, B. Riley boosted their target price on shares of National CineMedia from $7.50 to $8.50 and gave the company a “buy” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.06.

National CineMedia Stock Performance

NASDAQ NCMI traded down $0.11 during trading hours on Tuesday, reaching $6.80. 578,974 shares of the company were exchanged, compared to its average volume of 602,406. The stock has a market capitalization of $645.42 million, a P/E ratio of -27.20 and a beta of 2.07. 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 has a 1 year low of $3.63 and a 1 year high of $7.39. The business’s 50 day simple moving average is $6.86 and its 200-day simple moving average is $5.99.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in National CineMedia by 270.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 208,649 shares of the business services provider’s stock worth $916,000 after acquiring an additional 152,251 shares during the last quarter. Rhumbline Advisers bought a new position in shares of National CineMedia in the second quarter worth approximately $427,000. Bank of New York Mellon Corp bought a new position in shares of National CineMedia in the second quarter worth approximately $979,000. Vanguard Group Inc. raised its stake in National CineMedia by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock valued at $18,460,000 after purchasing an additional 18,347 shares in the last quarter. Finally, OmniStar Financial Group Inc. bought a new stake in National CineMedia during the third quarter valued at approximately $566,000. 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.