National CineMedia (NASDAQ:NCMI) Rating Increased to Hold at StockNews.com

National CineMedia (NASDAQ:NCMI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Several other analysts have also recently weighed in on the stock. B. Riley raised shares of National CineMedia from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $4.50 to $6.75 in a research note on Tuesday, March 19th. Benchmark reaffirmed a “speculative buy” rating and set a $6.00 price target on shares of National CineMedia in a research report on Wednesday, March 20th. Finally, Wedbush upped their price target on shares of National CineMedia from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Tuesday, March 19th.

National CineMedia Stock Down 2.1 %

Shares of NCMI opened at $4.63 on Tuesday. National CineMedia has a one year low of $1.80 and a one year high of $5.75. The company has a market cap of $449.25 million, a P/E ratio of 0.15 and a beta of 1.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.46 and a quick ratio of 2.46. The firm has a 50 day simple moving average of $4.51 and a two-hundred day simple moving average of $4.24.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, March 18th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). National CineMedia had a net margin of 426.68% and a negative return on equity of 22.42%. The firm had revenue of $90.90 million for the quarter, compared to analyst estimates of $77.25 million. Research analysts forecast that National CineMedia will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On National CineMedia

Several institutional investors have recently made changes to their positions in NCMI. Cubist Systematic Strategies LLC acquired a new position in shares of National CineMedia during the third quarter valued at about $29,000. Virtu Financial LLC acquired a new stake in shares of National CineMedia in the 4th quarter worth about $29,000. Renaissance Technologies LLC acquired a new stake in shares of National CineMedia in the 2nd quarter worth about $41,000. Sei Investments Co. acquired a new stake in shares of National CineMedia in the 3rd quarter worth about $58,000. Finally, Jane Street Group LLC increased its stake in National CineMedia by 4,022.3% in the 1st quarter. Jane Street Group LLC now owns 493,979 shares of the business services provider’s stock valued at $65,000 after buying an additional 481,996 shares during the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Company Profile

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