Barrington Research Lowers National CineMedia (NASDAQ:NCMI) Price Target to $5.50

National CineMedia (NASDAQ:NCMI) had its price target decreased by investment analysts at Barrington Research from $6.50 to $5.50 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 46.67% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of National CineMedia in a research report on Monday, December 29th. Wedbush reaffirmed an “outperform” rating and issued a $6.00 price objective (down previously from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Zacks Research upgraded National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 18th. Benchmark lowered their target price on National CineMedia from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Finally, B. Riley decreased their price target on National CineMedia from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, National CineMedia has a consensus rating of “Hold” and a consensus price target of $5.80.

National CineMedia Price Performance

Shares of National CineMedia stock opened at $3.75 on Monday. National CineMedia has a 1-year low of $3.68 and a 1-year high of $7.25. The company has a market capitalization of $351.86 million, a PE ratio of -25.00 and a beta of 1.35. The business has a 50-day moving average of $3.98 and a 200-day moving average of $4.32.

Insider Buying and Selling at National CineMedia

In related news, EVP Maria Vg Woods sold 9,043 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $3.89, for a total transaction of $35,177.27. Following the completion of the sale, the executive vice president directly owned 129,330 shares of the company’s stock, valued at $503,093.70. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hill Investment Group Partners LLC raised its stake in National CineMedia by 30.6% in the second quarter. Hill Investment Group Partners LLC now owns 53,737 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 12,576 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of National CineMedia by 217.0% in the 2nd quarter. Squarepoint Ops LLC now owns 280,509 shares of the business services provider’s stock valued at $1,359,000 after acquiring an additional 192,031 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of National CineMedia by 87.5% during the second quarter. XTX Topco Ltd now owns 45,543 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 21,256 shares in the last quarter. JT Stratford LLC bought a new stake in National CineMedia during the 2nd quarter worth approximately $140,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of National CineMedia in the first quarter worth $255,000. Institutional investors own 69.49% of the company’s stock.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.