National CineMedia (NASDAQ:NCMI) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of National CineMedia (NASDAQ:NCMIGet Rating) in a research report issued on Monday. The brokerage set a “sell” rating on the business services provider’s stock.

NCMI has been the subject of a number of other reports. Benchmark lowered shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Wedbush reaffirmed a “buy” rating and issued a $3.50 price objective on shares of National CineMedia in a research note on Tuesday, November 8th. B. Riley lowered their price objective on shares of National CineMedia from $1.00 to $0.50 and set a “neutral” rating for the company in a research note on Wednesday, October 12th. Finally, Barrington Research lowered shares of National CineMedia from an “outperform” rating to a “market perform” rating in a research note on Friday, November 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.00.

National CineMedia Trading Down 5.5 %

Shares of NCMI opened at $0.49 on Monday. The firm has a market capitalization of $40.07 million, a P/E ratio of -1.53 and a beta of 1.75. National CineMedia has a 12-month low of $0.38 and a 12-month high of $3.42. The firm has a fifty day moving average price of $0.62 and a 200-day moving average price of $1.05.

Insider Buying and Selling at National CineMedia

In other National CineMedia news, major shareholder General L.P. Standard sold 4,516,890 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $0.90, for a total transaction of $4,065,201.00. Following the completion of the sale, the insider now directly owns 12,932,382 shares of the company’s stock, valued at $11,639,143.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of National CineMedia during the third quarter valued at about $29,000. Renaissance Technologies LLC acquired a new position in shares of National CineMedia during the second quarter valued at about $41,000. XTX Topco Ltd increased its holdings in shares of National CineMedia by 130.9% during the first quarter. XTX Topco Ltd now owns 48,263 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 27,363 shares in the last quarter. UBS Group AG increased its holdings in shares of National CineMedia by 112.9% during the first quarter. UBS Group AG now owns 48,361 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 25,650 shares in the last quarter. Finally, Byrne Asset Management LLC increased its holdings in shares of National CineMedia by 151.7% during the second quarter. Byrne Asset Management LLC now owns 63,209 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 38,100 shares in the last quarter.

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 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.

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