National CineMedia (NASDAQ:NCMI) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a research report sent to investors on Monday.

A number of other research analysts also recently commented on the stock. Barrington Research raised their target price on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wedbush reissued a “neutral” rating and set a $7.50 price objective (up from $6.00) on shares of National CineMedia in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, National CineMedia has an average rating of “Hold” and an average target price of $8.06.

National CineMedia Price Performance

NCMI opened at $6.36 on Monday. The company has a market capitalization of $603.66 million, a price-to-earnings ratio of -25.44 and a beta of 2.06. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia has a 12-month low of $3.70 and a 12-month high of $7.60. The business’s fifty day simple moving average is $6.68 and its 200-day simple moving average is $6.82.

Insider Buying and Selling at National CineMedia

In related news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the transaction, the executive vice president now directly owns 66,987 shares in the company, valued at $436,085.37. The trade was a 26.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Hedge funds and other institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC acquired a new position in shares of National CineMedia in the 4th quarter valued at $384,000. State of Wyoming raised its position in shares of National CineMedia by 2,562.3% in the fourth quarter. State of Wyoming now owns 69,539 shares of the business services provider’s stock worth $462,000 after acquiring an additional 66,927 shares during the period. Sycale Advisors NY LLC purchased a new position in National CineMedia during the fourth quarter worth approximately $14,147,000. Sherbrooke Park Advisers LLC purchased a new position in shares of National CineMedia during the 4th quarter valued at approximately $182,000. Finally, ProShare Advisors LLC lifted its holdings in National CineMedia by 46.4% during the fourth quarter. ProShare Advisors LLC now owns 19,611 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 6,217 shares in the last quarter. 69.49% of the stock is owned by hedge funds and other institutional investors.

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.