National CineMedia (NASDAQ:NCMI) Stock Rating Lowered by B. Riley

National CineMedia (NASDAQ:NCMI) was downgraded by equities research analysts at B. Riley from a “buy” rating to a “neutral” rating in a report released on Friday, MarketBeat reports. They presently have a $6.00 target price on the business services provider’s stock. B. Riley’s target price indicates a potential upside of 17.42% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Wedbush restated an “outperform” rating and set a $7.50 target price on shares of National CineMedia in a research note on Thursday, May 1st. StockNews.com downgraded National CineMedia from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. William Blair reiterated a “neutral” rating and set a $7.50 price target on shares of National CineMedia in a research note on Friday, March 7th. Benchmark reiterated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research note on Friday, March 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $7.00 price target on shares of National CineMedia in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.20.

National CineMedia Trading Up 0.4%

NCMI opened at $5.11 on Friday. National CineMedia has a 12 month low of $4.12 and a 12 month high of $7.60. The stock has a fifty day moving average price of $5.71 and a 200-day moving average price of $6.38. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The firm has a market cap of $481.89 million, a price-to-earnings ratio of -20.44 and a beta of 2.12.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The business had revenue of $34.90 million for the quarter, compared to analysts’ expectations of $35.13 million. As a group, equities research analysts anticipate that National CineMedia will post -0.12 earnings per share for the current fiscal year.

Insider Transactions at National CineMedia

In related news, major shareholder Blantyre Capital Ltd bought 300,000 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $5.12 per share, for a total transaction of $1,536,000.00. Following the completion of the purchase, the insider now directly owns 10,250,721 shares of the company’s stock, valued at $52,483,691.52. This represents a 3.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Institutional Trading of National CineMedia

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of National CineMedia by 502.0% in the first quarter. GAMMA Investing LLC now owns 5,081 shares of the business services provider’s stock worth $30,000 after buying an additional 4,237 shares during the last quarter. Summit Securities Group LLC acquired a new position in National CineMedia in the 4th quarter worth about $53,000. BNP Paribas Financial Markets acquired a new position in National CineMedia in the 4th quarter worth about $57,000. Kapitalo Investimentos Ltda acquired a new position in National CineMedia in the 1st quarter worth about $63,000. Finally, DRW Securities LLC acquired a new position in National CineMedia in the 4th quarter worth about $73,000. Hedge funds and other institutional investors 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.