National CineMedia (NASDAQ:NCMI) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a research note issued to investors on Sunday,Wall Street Zen reports.

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

National CineMedia Price Performance

National CineMedia stock opened at $2.48 on Friday. The firm has a market cap of $232.57 million, a price-to-earnings ratio of -27.55 and a beta of 1.37. 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 firm has a 50 day moving average price of $3.44 and a two-hundred day moving average price of $3.39.

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

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCMI. American Century Companies Inc. boosted its holdings in National CineMedia by 2.2% during the 2nd quarter. American Century Companies Inc. now owns 145,233 shares of the business services provider’s stock worth $704,000 after acquiring an additional 3,110 shares during the last quarter. EntryPoint Capital LLC raised its holdings in shares of National CineMedia by 8.1% in the fourth quarter. EntryPoint Capital LLC now owns 55,439 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 4,142 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of National CineMedia by 16.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,712 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 5,390 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of National CineMedia by 4.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 124,626 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 5,440 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of National CineMedia by 0.9% during the fourth quarter. Marshall Wace LLP now owns 655,140 shares of the business services provider’s stock valued at $2,548,000 after purchasing an additional 5,740 shares in the last quarter. 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.