BidaskClub upgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a buy rating in a research note issued to investors on Monday.
Several other analysts have also recently issued reports on the company. B. Riley cut National CineMedia to a hold rating and set a $8.75 target price for the company. in a report on Monday, January 29th. Zacks Investment Research upgraded National CineMedia from a sell rating to a hold rating in a report on Wednesday, January 24th. ValuEngine upgraded National CineMedia from a sell rating to a hold rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. cut National CineMedia from a neutral rating to an underweight rating and set a $5.00 price target for the company. in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $7.85.
Shares of National CineMedia (NASDAQ NCMI) opened at $6.60 on Monday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71. The stock has a market capitalization of $540.88, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.08 and a beta of 0.52. National CineMedia has a twelve month low of $5.12 and a twelve month high of $14.13.
In other news, major shareholder General L.P. Standard bought 18,500 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average cost of $6.54 per share, for a total transaction of $120,990.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have purchased a total of 810,940 shares of company stock valued at $5,503,629 over the last 90 days. 5.40% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Skylands Capital LLC raised its position in National CineMedia by 41.1% in the 3rd quarter. Skylands Capital LLC now owns 812,150 shares of the business services provider’s stock valued at $5,669,000 after purchasing an additional 236,400 shares in the last quarter. River Road Asset Management LLC acquired a new stake in National CineMedia in the 3rd quarter valued at about $11,035,000. Western Standard LLC raised its position in National CineMedia by 375.6% in the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock valued at $6,138,000 after purchasing an additional 694,446 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in National CineMedia in the 3rd quarter valued at about $25,301,000. Finally, UBS Asset Management Americas Inc. raised its position in National CineMedia by 94.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 39,946 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 19,365 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.
About National CineMedia
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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