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 note issued on Monday.

Several other research analysts also recently weighed in on NCMI. Wedbush boosted their price target on National CineMedia from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Tuesday, March 19th. B. Riley upgraded National CineMedia from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $4.50 to $6.75 in a report on Tuesday, March 19th. Finally, Benchmark restated a “speculative buy” rating and set a $6.00 price objective on shares of National CineMedia in a report on Wednesday, March 20th.

National CineMedia Trading Down 3.0 %

Shares of NCMI traded down $0.16 during midday trading on Monday, hitting $5.19. 470,166 shares of the stock were exchanged, compared to its average volume of 624,135. National CineMedia has a 52-week low of $1.30 and a 52-week high of $6.49. The stock has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $4.22. The firm has a market cap of $503.59 million, a P/E ratio of 0.17 and a beta of 1.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.46 and a current ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last released 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). The company had revenue of $90.90 million for the quarter, compared to analysts’ expectations of $77.25 million. National CineMedia had a negative return on equity of 22.42% and a net margin of 426.68%. On average, research analysts anticipate that National CineMedia will post 0.03 EPS for the current fiscal year.

Institutional Trading of National CineMedia

A number of institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in shares of National CineMedia in the 3rd quarter valued at about $5,161,000. Glendon Capital Management LP acquired a new stake in shares of National CineMedia in the third quarter valued at approximately $7,538,000. Citigroup Inc. bought a new position in shares of National CineMedia in the third quarter valued at approximately $2,752,000. South Dakota Investment Council bought a new position in shares of National CineMedia in the third quarter valued at approximately $1,381,000. Finally, Manatuck Hill Partners LLC bought a new position in shares of National CineMedia in the third quarter valued at approximately $898,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

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 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.