National CineMedia (NASDAQ:NCMI) Rating Lowered to Sell at ValuEngine

National CineMedia (NASDAQ:NCMI) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, February 13th.

NCMI has been the topic of several other reports. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. BidaskClub downgraded National CineMedia from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. B. Riley set a $9.00 target price on National CineMedia and gave the company a “hold” rating in a research note on Tuesday, November 14th. Finally, JPMorgan Chase & Co. downgraded National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price target for the company. in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $7.85.

National CineMedia (NASDAQ NCMI) opened at $7.05 on Tuesday. National CineMedia has a 52 week low of $5.12 and a 52 week high of $13.33. The firm has a market capitalization of $553.43, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 2.12 and a beta of 0.52. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71.

In related news, major shareholder General L.P. Standard acquired 60,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average price of $6.64 per share, for a total transaction of $398,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 810,940 shares of company stock worth $5,503,629 in the last quarter. Company insiders own 5.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Skylands Capital LLC grew its position in National CineMedia by 11.9% during the 4th quarter. Skylands Capital LLC now owns 908,850 shares of the business services provider’s stock worth $6,235,000 after purchasing an additional 96,700 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of National CineMedia in the 4th quarter valued at $214,000. River Road Asset Management LLC acquired a new stake in shares of National CineMedia in the 3rd quarter valued at $11,035,000. Western Standard LLC lifted its position in National CineMedia by 375.6% during the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock worth $6,138,000 after acquiring an additional 694,446 shares during the last quarter. Finally, Oaktree Capital Management LP acquired a new position in National CineMedia during the 3rd quarter worth $25,301,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

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About National CineMedia

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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