National CineMedia (NASDAQ:NCMI) Cut to “Sell” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of National CineMedia (NASDAQ:NCMI – Free Report) from a hold rating to a sell rating in a report published on Sunday,Wall Street Zen reports.

Several other research analysts also recently commented on the company. Wedbush set a $5.00 target price on National CineMedia and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Zacks Research cut National CineMedia from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Barrington Research set a $4.25 price objective on National CineMedia in a research report on Wednesday, August 12th. Finally, Weiss Ratings raised National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.81.

Get Our Latest Stock Analysis on National CineMedia

National CineMedia Stock Down 1.6%

Shares of NASDAQ:NCMI opened at $2.44 on Friday. National CineMedia has a 52 week low of $2.16 and a 52 week high of $5.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. The company’s fifty day moving average is $3.38 and its 200-day moving average is $3.38. The company has a market capitalization of $228.82 million, a PE ratio of -27.11 and a beta of 1.37.

National CineMedia (NASDAQ:NCMI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $58.40 million for the quarter, compared to the consensus estimate of $59.34 million. National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. Equities research analysts predict that National CineMedia will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at National CineMedia

In other news, insider Maria Woods sold 12,058 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total transaction of $45,458.66. Following the transaction, the insider owned 163,162 shares of the company’s stock, valued at $615,120.74. This represents a 6.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Orbis Allan Gray Ltd grew its position in shares of National CineMedia by 79.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 9,523,889 shares of the business services provider’s stock worth $37,048,000 after buying an additional 4,218,288 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in National CineMedia by 34.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider’s stock worth $27,742,000 after acquiring an additional 1,568,376 shares during the period. Vanguard Group Inc. lifted its stake in shares of National CineMedia by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,519,377 shares of the business services provider’s stock valued at $20,382,000 after purchasing an additional 12,172 shares during the period. Wellington Management Group LLP boosted its position in shares of National CineMedia by 16.0% in the 2nd quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock worth $12,237,000 after purchasing an additional 444,984 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of National CineMedia by 30.1% during the fourth quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock worth $7,793,000 after purchasing an additional 463,112 shares during the period. Institutional investors own 69.49% of the company’s stock.

About National CineMedia

(Get Free Report)

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.

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