ValuEngine cut shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a report released on Tuesday.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of National CineMedia from a hold rating to a sell rating in a research report on Wednesday, January 10th. B. Riley downgraded shares of National CineMedia from a buy rating to a neutral rating and reduced their price objective for the stock from $14.00 to $8.75 in a research report on Tuesday, November 7th. JPMorgan Chase & Co. downgraded shares of National CineMedia from a neutral rating to an underweight rating and set a $5.00 price objective for the company. in a research report on Wednesday, November 8th. Finally, BidaskClub raised shares of National CineMedia from a hold rating to a buy rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. National CineMedia currently has an average rating of Hold and an average price target of $7.85.
National CineMedia (NCMI) traded down $0.09 on Tuesday, hitting $7.00. 393,400 shares of the company were exchanged, compared to its average volume of 482,417. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. National CineMedia has a 1-year low of $5.12 and a 1-year high of $13.33. The company has a market cap of $556.58, a PE ratio of 22.87, a P/E/G ratio of 2.14 and a beta of 0.52.
In related news, major shareholder General L.P. Standard bought 210,320 shares of the company’s stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of $6.97 per share, for a total transaction of $1,465,930.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 810,940 shares of company stock worth $5,503,629. Corporate insiders own 5.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Skylands Capital LLC increased its position in National CineMedia by 11.9% in the fourth quarter. Skylands Capital LLC now owns 908,850 shares of the business services provider’s stock worth $6,235,000 after purchasing an additional 96,700 shares during the last quarter. Fox Run Management L.L.C. bought a new position in National CineMedia during the 4th quarter worth approximately $214,000. River Road Asset Management LLC bought a new position in National CineMedia during the 3rd quarter worth approximately $11,035,000. Western Standard LLC lifted its holdings in National CineMedia by 375.6% during the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock worth $6,138,000 after buying an additional 694,446 shares during the last quarter. Finally, Oaktree Capital Management LP bought a new position in National CineMedia during the 3rd quarter worth approximately $25,301,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.
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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.
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