StockNews.com Begins Coverage on National CineMedia (NASDAQ:NCMI)

Equities researchers at StockNews.com began coverage on shares of National CineMedia (NASDAQ:NCMIGet Rating) in a report released on Monday. The brokerage set a “sell” rating on the business services provider’s stock.

Several other research analysts have also commented on the company. Wedbush reaffirmed a “buy” rating and set a $3.50 price target on shares of National CineMedia in a research report on Tuesday, November 8th. Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a research report on Friday, November 11th. B. Riley cut their price target on National CineMedia from $1.00 to $0.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 12th. Finally, Benchmark lowered National CineMedia from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.00.

National CineMedia Stock Down 5.5 %

NCMI stock opened at $0.49 on Monday. The business has a 50 day moving average price of $0.62 and a 200 day moving average price of $1.05. The stock has a market cap of $40.07 million, a price-to-earnings ratio of -1.53 and a beta of 1.75. National CineMedia has a fifty-two week low of $0.38 and a fifty-two week high of $3.42.

Insiders Place Their Bets

In other National CineMedia news, major shareholder General L.P. Standard sold 4,516,890 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $0.90, for a total transaction of $4,065,201.00. Following the sale, the insider now directly owns 12,932,382 shares in the company, valued at $11,639,143.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.

Institutional Trading of National CineMedia

Institutional investors have recently bought and sold shares of the company. Byrne Asset Management LLC boosted its position in National CineMedia by 151.7% during the second quarter. Byrne Asset Management LLC now owns 63,209 shares of the business services provider’s stock worth $62,000 after purchasing an additional 38,100 shares in the last quarter. Brookstone Capital Management lifted its position in shares of National CineMedia by 168.6% in the second quarter. Brookstone Capital Management now owns 1,017,470 shares of the business services provider’s stock valued at $992,000 after acquiring an additional 638,641 shares in the last quarter. AEGON USA Investment Management LLC lifted its position in shares of National CineMedia by 219.6% in the second quarter. AEGON USA Investment Management LLC now owns 245,121 shares of the business services provider’s stock valued at $225,000 after acquiring an additional 168,413 shares in the last quarter. Red Spruce Capital LLC lifted its position in shares of National CineMedia by 8.2% in the second quarter. Red Spruce Capital LLC now owns 263,613 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of National CineMedia in the third quarter valued at $29,000.

About National CineMedia

(Get Rating)

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.

Featured Stories

Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.com's FREE daily email newsletter.