National CineMedia (NASDAQ:NCMI) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of National CineMedia (NASDAQ:NCMI – Get Rating) in a note issued to investors on Wednesday. The firm set a “sell” rating on the business services provider’s stock.

Separately, Wedbush reduced their price objective on National CineMedia to $3.50 and set an “outperform” rating for the company in a research report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.00.

National CineMedia Price Performance

NASDAQ:NCMI opened at $0.32 on Wednesday. National CineMedia has a 1 year low of $0.10 and a 1 year high of $1.85. The stock has a 50-day moving average price of $0.24 and a two-hundred day moving average price of $0.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NCMI. Virtu Financial LLC acquired a new position in shares of National CineMedia during the fourth quarter worth about $29,000. Cubist Systematic Strategies LLC bought a new stake in National CineMedia during the third quarter worth about $29,000. Kovack Advisors Inc. raised its holdings in National CineMedia by 22.7% during the first quarter. Kovack Advisors Inc. now owns 254,022 shares of the business services provider’s stock worth $34,000 after acquiring an additional 46,926 shares in the last quarter. Renaissance Technologies LLC bought a new stake in National CineMedia during the second quarter worth about $41,000. Finally, Jane Street Group LLC raised its holdings in National CineMedia by 4,022.3% during the first quarter. Jane Street Group LLC now owns 493,979 shares of the business services provider’s stock worth $65,000 after acquiring an additional 481,996 shares in the last quarter. 35.23% of the stock is owned by institutional investors and hedge funds.

About National CineMedia

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National CineMedia, Inc is a holding company. engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. The firm owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events.