National CineMedia (NASDAQ:NCMI) Earns “Neutral” Rating from Wedbush

National CineMedia (NASDAQ:NCMI)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Wedbush in a report released on Tuesday, RTT News reports. They presently have a $5.50 price objective on the business services provider’s stock. Wedbush’s target price points to a potential upside of 17.27% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Benchmark reiterated a “speculative buy” rating and issued a $6.00 price objective on shares of National CineMedia in a report on Tuesday. Finally, B. Riley upgraded National CineMedia from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $4.50 to $6.75 in a report on Tuesday, March 19th.

National CineMedia Stock Performance

NASDAQ:NCMI opened at $4.69 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. The stock has a market capitalization of $455.05 million, a PE ratio of 0.14 and a beta of 1.93. National CineMedia has a fifty-two week low of $2.57 and a fifty-two week high of $5.75. The company has a fifty day moving average of $4.68 and a two-hundred day moving average of $4.29.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results 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). National CineMedia had a negative return on equity of 22.42% and a net margin of 426.68%. The firm had revenue of $90.90 million during the quarter, compared to analyst estimates of $77.25 million. As a group, research analysts forecast that National CineMedia will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Hill Investment Group Partners LLC grew its holdings in shares of National CineMedia by 67.4% in the fourth quarter. Hill Investment Group Partners LLC now owns 17,116 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 6,889 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 6,690 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of National CineMedia in the 3rd quarter valued at approximately $136,000. Bank of New York Mellon Corp acquired a new stake in shares of National CineMedia during the 3rd quarter worth approximately $212,000. Finally, Jump Financial LLC purchased a new stake in shares of National CineMedia during the 4th quarter valued at approximately $218,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

About National CineMedia

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.