National CineMedia (NASDAQ:NCMI) Rating Increased to Sell at Wall Street Zen

National CineMedia (NASDAQ:NCMI) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on NCMI. Wedbush cut their price objective on National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Weiss Ratings cut National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.38.

National CineMedia Price Performance

NCMI opened at $3.55 on Friday. The stock has a 50-day moving average price of $3.30 and a 200-day moving average price of $3.58. National CineMedia has a 12-month low of $2.78 and a 12-month high of $5.53. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $332.92 million, a P/E ratio of -39.44 and a beta of 1.40.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.The firm had revenue of $34.00 million during the quarter, compared to analysts’ expectations of $32.92 million.

Insider Buying and Selling

In other National CineMedia news, EVP Maria Vg Woods sold 12,066 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $3.04, for a total transaction of $36,680.64. Following the completion of the transaction, the executive vice president owned 143,097 shares of the company’s stock, valued at $435,014.88. This represents a 7.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NCMI. Quantbot Technologies LP bought a new position in National CineMedia during the 3rd quarter valued at approximately $34,000. Graham Capital Management L.P. bought a new position in National CineMedia during the 4th quarter valued at approximately $40,000. Strs Ohio bought a new position in National CineMedia during the 1st quarter valued at approximately $43,000. NewEdge Advisors LLC bought a new position in National CineMedia during the 1st quarter valued at approximately $44,000. Finally, Jump Financial LLC bought a new position in National CineMedia during the 4th quarter valued at approximately $53,000. 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.