National CineMedia (NCMI) Upgraded at BidaskClub
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.
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.
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.
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