National CineMedia (NASDAQ:NCMI) Downgraded to Sell at StockNews.com

StockNews.com lowered shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a research report report published on Monday.

Several other research firms have also commented on NCMI. Benchmark reiterated a speculative buy rating and issued a $6.00 price objective on shares of National CineMedia in a research note on Wednesday, March 20th. B. Riley upgraded National CineMedia from a neutral rating to a buy rating and lifted their price target for the stock from $4.50 to $6.75 in a report on Tuesday, March 19th. Finally, Wedbush upped their price objective on National CineMedia from $4.50 to $5.50 and gave the company a neutral rating in a research note on Tuesday, March 19th.

National CineMedia Trading Down 3.0 %

NASDAQ NCMI opened at $5.19 on Monday. 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 52 week low of $1.30 and a 52 week high of $6.49. The business has a 50 day moving average price of $4.42 and a 200-day moving average price of $4.22. The company has a market cap of $503.59 million, a price-to-earnings ratio of 0.17 and a beta of 1.89.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, March 18th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $90.90 million for the quarter, compared to analyst estimates of $77.25 million. National CineMedia had a net margin of 426.68% and a negative return on equity of 22.42%. As a group, equities analysts expect that National CineMedia will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates increased its position in shares of National CineMedia by 12.2% in the first quarter. Raymond James & Associates now owns 504,410 shares of the business services provider’s stock worth $1,281,000 after purchasing an additional 54,985 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of National CineMedia by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 3,121,904 shares of the business services provider’s stock worth $7,930,000 after buying an additional 176,781 shares during the last quarter. XTX Topco Ltd raised its position in shares of National CineMedia by 130.9% during the 1st quarter. XTX Topco Ltd now owns 48,263 shares of the business services provider’s stock valued at $123,000 after buying an additional 27,363 shares in the last quarter. UBS Group AG lifted its holdings in shares of National CineMedia by 112.9% during the 1st quarter. UBS Group AG now owns 48,361 shares of the business services provider’s stock worth $123,000 after acquiring an additional 25,650 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of National CineMedia by 2.9% during the 1st quarter. State Street Corp now owns 1,255,295 shares of the business services provider’s stock worth $3,188,000 after acquiring an additional 35,491 shares during the last quarter. Hedge funds and other 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 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.