National CineMedia (NASDAQ:NCMI) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a research note released on Tuesday.

NCMI has been the subject of a number of other reports. Benchmark reissued a speculative buy rating and issued a $6.00 price target on shares of National CineMedia in a research note on Wednesday, March 20th. Wedbush raised their target price on National CineMedia from $4.50 to $5.50 and gave the company a neutral rating in a research note on Tuesday, March 19th. Finally, B. Riley raised National CineMedia from a neutral rating to a buy rating and upped their price target for the stock from $4.50 to $6.75 in a research note on Tuesday, March 19th.

National CineMedia Price Performance

Shares of NCMI stock opened at $4.43 on Tuesday. 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 has a fifty-two week low of $1.80 and a fifty-two week high of $5.75. The firm has a market cap of $429.84 million, a P/E ratio of 0.14 and a beta of 1.89. The business’s 50 day moving average price is $4.55 and its 200-day moving average price is $4.24.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, March 18th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $90.90 million during the quarter, compared to the consensus estimate of $77.25 million. On average, equities research analysts anticipate that National CineMedia will post 0.03 earnings per share for the current year.

Hedge Funds Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently made changes to their positions in NCMI. JPMorgan Chase & Co. grew its stake in shares of National CineMedia by 1,792,883.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,755,476 shares of the business services provider’s stock worth $25,842,000 after buying an additional 5,755,155 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in National CineMedia by 35.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,740,197 shares of the business services provider’s stock worth $19,624,000 after acquiring an additional 1,245,650 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of National CineMedia by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 3,566,209 shares of the business services provider’s stock worth $14,764,000 after acquiring an additional 79,276 shares during the last quarter. Barclays PLC bought a new position in shares of National CineMedia during the fourth quarter valued at $12,504,000. Finally, Millennium Management LLC raised its position in shares of National CineMedia by 1,126.3% in the 4th quarter. Millennium Management LLC now owns 2,336,927 shares of the business services provider’s stock worth $514,000 after purchasing an additional 2,146,354 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

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.