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

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

Other analysts have also issued reports about the company. Barrington Research lifted their price target on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and set a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.06.

National CineMedia Trading Up 2.7 %

NCMI stock opened at $6.39 on Monday. National CineMedia has a 12-month low of $3.70 and a 12-month high of $7.60. The business’s 50-day moving average is $6.68 and its 200 day moving average is $6.82. 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 stock has a market cap of $606.51 million, a price-to-earnings ratio of -25.56 and a beta of 2.06.

Insider Activity

In related news, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the transaction, the executive vice president now owns 66,987 shares in the company, valued at approximately $436,085.37. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Institutional Trading of National CineMedia

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kings Path Partners LLC acquired a new position in shares of National CineMedia during the 4th quarter valued at about $408,000. Charles Schwab Investment Management Inc. raised its stake in National CineMedia by 240.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock worth $5,088,000 after purchasing an additional 509,756 shares during the period. MetLife Investment Management LLC acquired a new position in National CineMedia in the 3rd quarter valued at about $292,000. State Street Corp grew its stake in shares of National CineMedia by 23.8% in the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock valued at $8,160,000 after buying an additional 222,498 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of National CineMedia by 124.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock worth $3,309,000 after buying an additional 260,689 shares during the last quarter. 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.