ValuEngine downgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a strong sell rating in a research report sent to investors on Monday morning, ValuEngine reports.

Other equities research analysts have also issued reports about the company. Barrington Research raised National CineMedia from a market perform rating to an outperform rating and set a $9.50 target price for the company in a research report on Thursday, November 7th. Zacks Investment Research downgraded National CineMedia from a hold rating to a sell rating in a research note on Thursday, January 30th. B. Riley downgraded National CineMedia from a buy rating to a neutral rating and cut their price target for the stock from $9.75 to $8.50 in a research note on Tuesday, November 5th. Wedbush reiterated a buy rating and set a $9.00 price target on shares of National CineMedia in a research note on Tuesday, November 5th. Finally, BidaskClub downgraded National CineMedia from a buy rating to a hold rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $9.70.

Shares of National CineMedia stock traded down $0.05 during trading hours on Monday, hitting $7.73. 12,160 shares of the company’s stock traded hands, compared to its average volume of 249,517. National CineMedia has a 12-month low of $5.64 and a 12-month high of $8.93. The stock has a market capitalization of $610.15 million, a price-to-earnings ratio of 17.98 and a beta of 0.69. The company has a fifty day simple moving average of $7.56 and a 200-day simple moving average of $7.60.

Several hedge funds have recently bought and sold shares of NCMI. Phoenix Holdings Ltd. bought a new position in shares of National CineMedia during the 3rd quarter worth $8,211,000. Madison Asset Management LLC bought a new position in National CineMedia in the 4th quarter worth about $4,704,000. Cadence Capital Management LLC bought a new position in National CineMedia in the 3rd quarter worth about $1,989,000. ArrowMark Colorado Holdings LLC boosted its stake in National CineMedia by 2.2% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 10,421,468 shares of the business services provider’s stock worth $75,973,000 after purchasing an additional 220,939 shares during the period. Finally, Red Spruce Capital LLC bought a new position in National CineMedia in the 4th quarter worth about $1,428,000. Institutional investors own 92.03% of the company’s stock.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-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.

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