National CineMedia (NASDAQ:NCMI) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

NCMI has been the subject of several other reports. Zacks Investment Research raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. BidaskClub cut National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. B. Riley set a $9.00 target price on National CineMedia and gave the company a “hold” rating in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. cut National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price for the company. in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.85.

National CineMedia (NASDAQ:NCMI) opened at $7.09 on Tuesday. The stock has a market capitalization of $542.45, a PE ratio of 21.49, a PEG ratio of 2.08 and a beta of 0.52. National CineMedia has a 1 year low of $5.12 and a 1 year high of $13.33. 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 other news, major shareholder General L.P. Standard bought 149,662 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of $6.61 per share, with a total value of $989,265.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders purchased 810,940 shares of company stock valued at $5,503,629. Insiders own 5.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NCMI. Schwab Charles Investment Management Inc. boosted its position in shares of National CineMedia by 13.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 462,379 shares of the business services provider’s stock valued at $3,431,000 after purchasing an additional 55,570 shares during the period. Teachers Advisors LLC raised its stake in National CineMedia by 13.5% during the 2nd quarter. Teachers Advisors LLC now owns 122,046 shares of the business services provider’s stock valued at $906,000 after acquiring an additional 14,490 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in National CineMedia by 13.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 311,124 shares of the business services provider’s stock valued at $2,309,000 after acquiring an additional 37,700 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in National CineMedia during the 2nd quarter valued at approximately $383,000. Finally, Nationwide Fund Advisors raised its stake in National CineMedia by 74.1% during the 2nd quarter. Nationwide Fund Advisors now owns 63,221 shares of the business services provider’s stock valued at $469,000 after acquiring an additional 26,900 shares during the last quarter. 87.13% of the stock is owned by hedge funds and other institutional investors.

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National CineMedia Company Profile

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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Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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