National CineMedia (NASDAQ:NCMI) was downgraded by research analysts at B. Riley to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $8.75 price objective on the business services provider’s stock. B. Riley’s price objective indicates a potential upside of 29.82% from the company’s current price.
NCMI has been the subject of a number of other reports. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. BidaskClub cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. cut shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price for the company. in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.85.
National CineMedia (NCMI) traded up $0.15 during mid-day trading on Monday, hitting $6.74. 321,749 shares of the company traded hands, compared to its average volume of 489,419. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $517.33, a PE ratio of 20.09, a P/E/G ratio of 1.98 and a beta of 0.62. National CineMedia has a twelve month low of $5.12 and a twelve month high of $14.99.
In related news, major shareholder General L.P. Standard bought 18,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $6.54 per share, with a total value of $120,990.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 810,940 shares of company stock worth $5,503,629 in the last ninety days. 5.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in National CineMedia by 6.0% during the second quarter. Vanguard Group Inc. now owns 5,199,463 shares of the business services provider’s stock worth $38,580,000 after buying an additional 292,797 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in National CineMedia during the second quarter worth $27,242,000. Oaktree Capital Management LP acquired a new stake in National CineMedia during the third quarter worth $25,301,000. Thompson Siegel & Walmsley LLC boosted its stake in National CineMedia by 12.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 3,054,599 shares of the business services provider’s stock worth $21,321,000 after buying an additional 346,952 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in National CineMedia by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,323,816 shares of the business services provider’s stock worth $17,243,000 after buying an additional 194,401 shares in the last quarter. Hedge funds and other institutional investors own 86.69% 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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