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

National CineMedia (NASDAQ:NCMI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other research firms have also commented on NCMI. Benchmark restated a “speculative buy” rating and set a $6.00 price target on shares of National CineMedia in a research report on Tuesday. B. Riley raised National CineMedia from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.50 to $6.75 in a research report on Tuesday, March 19th. Finally, Wedbush reissued a “neutral” rating and set a $5.50 price target on shares of National CineMedia in a research report on Tuesday.

National CineMedia Price Performance

NCMI stock opened at $4.57 on Wednesday. National CineMedia has a 52-week low of $2.57 and a 52-week high of $5.75. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.02. The stock has a market cap of $443.40 million, a price-to-earnings ratio of 0.13 and a beta of 1.93. The business has a fifty day moving average of $4.69 and a two-hundred day moving average of $4.30.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Monday, March 18th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $77.25 million. As a group, research analysts anticipate that National CineMedia will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zazove Associates LLC raised its holdings in National CineMedia by 3.1% in the fourth quarter. Zazove Associates LLC now owns 130,126 shares of the business services provider’s stock valued at $539,000 after acquiring an additional 3,921 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of National CineMedia by 38.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after purchasing an additional 6,690 shares in the last quarter. Hill Investment Group Partners LLC increased its holdings in 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 buying an additional 6,889 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in National CineMedia in the third quarter valued at $136,000. Finally, Bank of New York Mellon Corp purchased a new stake in National CineMedia during the 3rd quarter worth about $212,000. 69.49% of the stock is owned by institutional investors and hedge funds.

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.