National CineMedia (NASDAQ:NCMI) Shares Up 4.3%

Shares of National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) rose 4.3% during trading on Monday . The company traded as high as $5.38 and last traded at $5.37. Approximately 167,773 shares changed hands during trading, a decline of 72% from the average daily volume of 598,488 shares. The stock had previously closed at $5.15.

Wall Street Analysts Forecast Growth

NCMI has been the topic of a number of research analyst reports. StockNews.com raised shares of National CineMedia from a "sell" rating to a "hold" rating in a report on Tuesday, March 19th. Wedbush increased their price target on shares of National CineMedia from $4.50 to $5.50 and gave the stock a "neutral" rating in a report on Tuesday, March 19th. Benchmark reissued a "speculative buy" rating and issued a $6.00 price target on shares of National CineMedia in a report on Wednesday, March 20th. Finally, B. Riley raised shares of National CineMedia from a "neutral" rating to a "buy" rating and increased their price target for the stock from $4.50 to $6.75 in a report on Tuesday, March 19th.

National CineMedia Stock Up 3.3 %

The company has a market cap of $516.20 million, a PE ratio of 0.17 and a beta of 1.89. The stock's 50 day moving average price is $4.28 and its 200-day moving average price is $4.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings data on Monday, March 18th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). National CineMedia had a net margin of 426.68% and a negative return on equity of 22.42%. The business had revenue of $90.90 million during the quarter, compared to analysts' expectations of $77.25 million. On average, analysts predict that National CineMedia, Inc. will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On National CineMedia

A number of institutional investors have recently made changes to their positions in the business. Sei Investments Co. purchased a new stake in National CineMedia during the 3rd quarter valued at $58,000. Hill Investment Group Partners LLC boosted its position in National CineMedia by 67.4% during the 4th quarter. Hill Investment Group Partners LLC now owns 17,116 shares of the business services provider's stock valued at $71,000 after buying an additional 6,889 shares during the period. Virtu Financial LLC purchased a new stake in National CineMedia during the 4th quarter valued at $95,000. State of New Jersey Common Pension Fund D purchased a new stake in National CineMedia during the 3rd quarter valued at $136,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in National CineMedia during the 3rd quarter valued at $29,000. 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 pre-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.