National CineMedia (NASDAQ:NCMI) Rating Increased to Hold at StockNews.com

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

NCMI has been the topic of several other research reports. Wedbush upped their target price on National CineMedia from $4.50 to $5.50 and gave the company a neutral rating in a research report on Tuesday, March 19th. Benchmark reiterated a speculative buy rating and issued a $6.00 price target on shares of National CineMedia in a report on Wednesday, March 20th. Finally, B. Riley upgraded National CineMedia from a neutral rating to a buy rating and increased their price target for the stock from $4.50 to $6.75 in a report on Tuesday, March 19th.

National CineMedia Stock Down 0.6 %

Shares of National CineMedia stock opened at $4.60 on Tuesday. National CineMedia has a one year low of $1.80 and a one year high of $5.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.46 and a quick ratio of 2.46. The stock’s 50-day moving average is $4.52 and its 200 day moving average is $4.24. The firm has a market cap of $446.34 million, a price-to-earnings ratio of 0.15 and a beta of 1.89.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, March 18th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). National CineMedia had a net margin of 426.68% and a negative return on equity of 22.42%. The business had revenue of $90.90 million for the quarter, compared to the consensus estimate of $77.25 million. Equities research analysts anticipate that National CineMedia will post 0.03 EPS for the current year.

Institutional Trading of National CineMedia

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of National CineMedia by 1,792,883.2% in the third quarter. JPMorgan Chase & Co. now owns 5,755,476 shares of the business services provider’s stock worth $25,842,000 after purchasing an additional 5,755,155 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of National CineMedia by 35.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,740,197 shares of the business services provider’s stock worth $19,624,000 after purchasing an additional 1,245,650 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of National CineMedia by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 3,566,209 shares of the business services provider’s stock worth $14,764,000 after purchasing an additional 79,276 shares during the last quarter. Barclays PLC purchased a new stake in shares of National CineMedia during the fourth quarter valued at approximately $12,504,000. Finally, Millennium Management LLC increased its position in shares of National CineMedia by 1,126.3% during the fourth quarter. Millennium Management LLC now owns 2,336,927 shares of the business services provider’s stock valued at $514,000 after acquiring an additional 2,146,354 shares during the last quarter. 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 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.