National CineMedia (NASDAQ:NCMI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Monday, February 5th.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. B. Riley lowered shares of National CineMedia to a “hold” rating and set a $8.75 price objective on the stock. in a report on Monday, January 29th. ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. lowered shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.85.
Shares of National CineMedia (NASDAQ:NCMI) traded up $0.16 during trading on Monday, reaching $6.91. 403,000 shares of the company’s stock traded hands, compared to its average volume of 483,198. The company has a debt-to-equity ratio of -14.71, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $529.89, a PE ratio of 21.77, a price-to-earnings-growth ratio of 2.03 and a beta of 0.52. National CineMedia has a 1 year low of $5.12 and a 1 year high of $13.33.
In other National CineMedia news, major shareholder General L.P. Standard bought 210,320 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was acquired at an average price of $6.97 per share, with a total value of $1,465,930.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders purchased 810,940 shares of company stock valued at $5,503,629. 5.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new stake in shares of National CineMedia during the 4th quarter worth about $119,000. Stifel Financial Corp raised its stake in National CineMedia by 30.5% in the 2nd quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock worth $142,000 after purchasing an additional 4,468 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new stake in National CineMedia in the 3rd quarter worth about $136,000. Teacher Retirement System of Texas acquired a new stake in National CineMedia in the 4th quarter worth about $149,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in National CineMedia in the 4th quarter worth about $165,000. Institutional investors own 87.13% of the company’s stock.
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National CineMedia Company Profile
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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