National CineMedia (NASDAQ:NCMI - Free Report ) in a research report report published on Tuesday, RTT News reports. The brokerage currently has a $5.50 price target on the business services provider's stock.
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A number of other research firms have also recently weighed in on NCMI. StockNews.com raised shares of National CineMedia from a sell rating to a hold rating in a report on Tuesday, April 16th. B. Riley upgraded shares of National CineMedia from a neutral rating to a buy rating and increased their target price for the company from $4.50 to $6.75 in a research report on Tuesday, March 19th. Finally, Benchmark reiterated a speculative buy rating and issued a $6.00 target price on shares of National CineMedia in a research report on Tuesday.
Check Out Our Latest Report on National CineMedia
National CineMedia Stock Performance Shares of NASDAQ:NCMI traded down $0.22 on Tuesday, reaching $4.61. 1,385,975 shares of the company's stock were exchanged, compared to its average volume of 655,161. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.02. National CineMedia has a fifty-two week low of $2.57 and a fifty-two week high of $5.75. The business's 50-day moving average is $4.67 and its two-hundred day moving average is $4.29. The firm has a market capitalization of $447.31 million, a price-to-earnings ratio of 0.15 and a beta of 1.93.
National CineMedia (NASDAQ:NCMI - Get Free Report ) last released its quarterly earnings data on Monday, March 18th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). National CineMedia had a negative return on equity of 22.42% and a net margin of 426.68%. The firm had revenue of $90.90 million during the quarter, compared to analyst estimates of $77.25 million. As a group, equities research analysts forecast that National CineMedia will post 0.05 EPS for the current year.
Hedge Funds Weigh In On National CineMedia Several large investors have recently made changes to their positions in NCMI. Hill Investment Group Partners LLC boosted its position in shares of 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 purchasing an additional 6,889 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of National CineMedia by 38.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider's stock worth $123,000 after buying an additional 6,690 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of National CineMedia in the third quarter worth about $136,000. Bank of New York Mellon Corp acquired a new position in shares of National CineMedia in the third quarter worth about $212,000. Finally, Jump Financial LLC acquired a new position in shares of National CineMedia in the fourth quarter worth about $218,000. Institutional investors own 69.49% of the company's stock.
About National CineMedia (
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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.
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