National CineMedia (NASDAQ:NCMI) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded National CineMedia to “sell” from “hold.” Despite mixed analyst views—including three “buy” ratings—the stock has a consensus rating of “hold” and an average price target of $4.81.
• National CineMedia shares opened at $2.48, well below their 50-day and 200-day moving averages of $3.44 and $3.39, respectively. The stock has traded between $2.16 and $5.03 over the past year.
• The company reported a quarterly loss of $0.10 per share, missing estimates by $0.01, while revenue of $58.40 million also fell short of the $59.34 million consensus estimate.

National CineMedia (NASDAQ:NCMI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday, Wall Street Zen reports.

A number of other equities analysts have also commented on NCMI. Wedbush set a $5.00 price objective on shares of National CineMedia and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Weiss Ratings raised National CineMedia from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 21st. Barrington Research set a $4.25 price objective on shares of National CineMedia in a research note on Wednesday, August 12th. Finally, Zacks Research lowered National CineMedia from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $4.81.

National CineMedia Trading Down 0.4%

NCMI stock opened at $2.48 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $3.44 and a 200-day simple moving average of $3.39. National CineMedia has a 52 week low of $2.16 and a 52 week high of $5.03. The company has a market cap of $232.57 million, a price-to-earnings ratio of -27.55 and a beta of 1.37.

National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. The business had revenue of $58.40 million during the quarter, compared to analyst estimates of $59.34 million. On average, equities research analysts expect that National CineMedia will post 0.17 EPS for the current year.

Insider Activity at National CineMedia

In related news, insider Maria Woods sold 12,058 shares of the business's stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total transaction of $45,458.66. Following the completion of the transaction, the insider owned 163,162 shares of the company's stock, valued at approximately $615,120.74. The trade was a 6.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company's stock.

Institutional Trading of National CineMedia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCMI. Quantbot Technologies LP acquired a new position in shares of National CineMedia during the third quarter worth approximately $34,000. Graham Capital Management L.P. acquired a new stake in shares of National CineMedia in the fourth quarter worth $40,000. Strs Ohio bought a new position in National CineMedia during the first quarter worth $43,000. NewEdge Advisors LLC bought a new position in National CineMedia during the first quarter worth $44,000. Finally, Jump Financial LLC acquired a new position in National CineMedia during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 69.49% of the company's stock.

National CineMedia Company Profile

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.

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