National CineMedia, Inc. (NASDAQ:NCMI) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

NCMI has been the topic of a number of other reports. Credit Suisse Group upgraded shares of National CineMedia from an “underperform” rating to a “neutral” rating and cut their price target for the company from $13.00 to $12.00 in a research report on Wednesday, March 15th. J P Morgan Chase & Co downgraded shares of National CineMedia from an “overweight” rating to a “neutral” rating and cut their price target for the company from $17.00 to $12.00 in a research report on Friday, May 5th. Barrington Research downgraded shares of National CineMedia from an “outperform” rating to a “market perform” rating in a research report on Monday, May 15th. FBR & Co downgraded shares of National CineMedia from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Friday, May 5th. Finally, Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.65.

National CineMedia (NASDAQ NCMI) traded up 1.25% during mid-day trading on Friday, hitting $7.27. 351,946 shares of the company were exchanged. The company has a 50 day moving average of $7.56 and a 200 day moving average of $11.78. National CineMedia has a 12-month low of $7.13 and a 12-month high of $16.10. The stock has a market cap of $440.53 million, a P/E ratio of 17.82 and a beta of 0.64.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $71.90 million during the quarter, compared to analyst estimates of $73.82 million. National CineMedia had a net margin of 5.57% and a negative return on equity of 17.15%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. On average, equities research analysts expect that National CineMedia will post $0.32 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in NCMI. Goldman Sachs Group Inc. increased its stake in shares of National CineMedia by 3.4% in the first quarter. Goldman Sachs Group Inc. now owns 109,545 shares of the business services provider’s stock valued at $1,384,000 after buying an additional 3,566 shares during the period. Gotham Asset Management LLC increased its stake in shares of National CineMedia by 109.1% in the first quarter. Gotham Asset Management LLC now owns 34,909 shares of the business services provider’s stock valued at $441,000 after buying an additional 18,213 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of National CineMedia during the first quarter valued at approximately $661,000. State Street Corp increased its stake in shares of National CineMedia by 4.2% in the first quarter. State Street Corp now owns 1,390,037 shares of the business services provider’s stock valued at $17,561,000 after buying an additional 56,218 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of National CineMedia by 32.6% in the first quarter. Bank of America Corp DE now owns 69,484 shares of the business services provider’s stock valued at $878,000 after buying an additional 17,097 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

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.

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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