National CineMedia (NASDAQ:NCMI) Raised to Hold at B. Riley

National CineMedia (NASDAQ:NCMI - Get Free Report) was upgraded by equities researchers at B. Riley to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also recently issued reports on NCMI. Wedbush reissued an "outperform" rating and issued a $7.50 target price on shares of National CineMedia in a research report on Thursday, May 1st. William Blair reaffirmed a "neutral" rating and issued a $7.50 price objective on shares of National CineMedia in a research note on Friday, March 7th. StockNews.com downgraded National CineMedia from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Benchmark reissued a "buy" rating and set a $8.00 price target on shares of National CineMedia in a research report on Friday, March 7th. Finally, Barrington Research restated an "outperform" rating and set a $7.00 price objective on shares of National CineMedia in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, National CineMedia has an average rating of "Hold" and an average target price of $7.20.

National CineMedia Trading Up 0.4%

NCMI opened at $5.11 on Thursday. The company has a market cap of $481.89 million, a P/E ratio of -20.44 and a beta of 2.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. National CineMedia has a one year low of $4.12 and a one year high of $7.60. The business's 50-day simple moving average is $5.71 and its 200-day simple moving average is $6.38.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). The firm had revenue of $34.90 million during the quarter, compared to analyst estimates of $35.13 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. As a group, equities research analysts expect that National CineMedia will post -0.12 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Blantyre Capital Ltd bought 103,685 shares of the business's stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $5.18 per share, with a total value of $537,088.30. Following the purchase, the insider now directly owns 10,310,433 shares in the company, valued at $53,408,042.94. This trade represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company's stock.

Institutional Trading of National CineMedia

Several large investors have recently added to or reduced their stakes in NCMI. SG Americas Securities LLC raised its stake in National CineMedia by 39.7% during the 4th quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider's stock valued at $287,000 after purchasing an additional 12,281 shares during the period. Rhumbline Advisers increased its stake in shares of National CineMedia by 3.1% in the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider's stock worth $711,000 after acquiring an additional 3,219 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of National CineMedia in the fourth quarter worth $93,000. Oppenheimer Asset Management Inc. increased its stake in shares of National CineMedia by 16.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 65,424 shares of the business services provider's stock worth $434,000 after acquiring an additional 9,147 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of National CineMedia by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider's stock worth $4,840,000 after acquiring an additional 7,218 shares during the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

National CineMedia Company Profile

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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