National CineMedia (NASDAQ:NCMI) Rating Lowered to “Strong Sell” at Zacks Research

National CineMedia (NASDAQ:NCMI) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on NCMI. Wall Street Zen upgraded shares of National CineMedia from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings restated a “sell (d+)” rating on shares of National CineMedia in a research note on Friday, August 7th. Barrington Research set a $4.25 price objective on shares of National CineMedia in a research note on Wednesday. Finally, Wedbush set a $5.00 target price on National CineMedia and gave the stock an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.81.

National CineMedia Trading Down 41.4%

NCMI opened at $2.22 on Tuesday. National CineMedia has a one year low of $2.16 and a one year high of $5.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82. The business has a 50 day simple moving average of $3.76 and a two-hundred day simple moving average of $3.50. The firm has a market capitalization of $208.19 million, a price-to-earnings ratio of -24.66 and a beta of 1.38.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data 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). The business had revenue of $58.40 million during the quarter, compared to the consensus estimate of $59.34 million. National CineMedia had a negative return on equity of 1.29% and a negative net margin of 3.05%. Analysts predict that National CineMedia will post -0.01 EPS for the current year.

Insider Activity

In other news, insider Maria Vg Woods sold 12,058 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the transaction, the insider directly owned 163,162 shares in the company, valued at $615,120.74. This trade represents a 6.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National CineMedia

Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new position in National CineMedia in the first quarter worth approximately $43,000. Quantbot Technologies LP bought a new stake in shares of National CineMedia during the 3rd quarter valued at $34,000. Graham Capital Management L.P. purchased a new stake in shares of National CineMedia in the 4th quarter worth $40,000. BNP Paribas Financial Markets increased its stake in shares of National CineMedia by 103.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after purchasing an additional 6,549 shares in the last quarter. Finally, Jump Financial LLC bought a new position in National CineMedia in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

About National CineMedia

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.