National CineMedia (NASDAQ:NCMI) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other research analysts have also issued reports on NCMI. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. B. Riley lowered National CineMedia from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $14.00 to $8.75 in a report on Tuesday, November 7th. JPMorgan Chase & Co. lowered National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Wednesday, November 8th. Finally, ValuEngine upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $7.85.

National CineMedia (NASDAQ NCMI) opened at $6.63 on Monday. The stock has a market capitalization of $417.13, a PE ratio of 20.09, a P/E/G ratio of 2.08 and a beta of 0.52. National CineMedia has a fifty-two week low of $5.12 and a fifty-two week high of $14.17. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $116.40 million for the quarter, compared to analyst estimates of $108.21 million. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. National CineMedia’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. analysts anticipate that National CineMedia will post 0.3 EPS for the current year.

In related news, major shareholder General L.P. Standard purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average price of $6.94 per share, for a total transaction of $104,100.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 810,940 shares of company stock valued at $5,503,629 in the last quarter. 5.40% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new position in shares of National CineMedia in the 4th quarter valued at $119,000. Nine Chapters Capital Management LLC acquired a new position in shares of National CineMedia in the 3rd quarter valued at $136,000. Stifel Financial Corp boosted its position in shares of National CineMedia by 30.5% in the 2nd quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 4,468 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of National CineMedia in the 3rd quarter valued at $175,000. Finally, Legal & General Group Plc boosted its position in shares of National CineMedia by 21.9% in the 2nd quarter. Legal & General Group Plc now owns 25,026 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 4,490 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

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About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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