BidaskClub downgraded shares of National CineMedia (NASDAQ:NCMI) from a strong-buy rating to a buy rating in a research report report published on Friday morning.
Other research analysts have also recently issued reports about the stock. B. Riley set a $9.00 price objective on shares of National CineMedia and gave the company a hold rating in a report on Tuesday, November 14th. ValuEngine raised shares of National CineMedia from a sell rating to a hold rating in a report on Friday, December 1st. Finally, Zacks Investment Research cut shares of National CineMedia from a hold rating to a sell rating in a report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $7.85.
National CineMedia (NASDAQ:NCMI) opened at $6.81 on Friday. The stock has a market cap of $528.31, a P/E ratio of 20.64, a PEG ratio of 2.13 and a beta of 0.36. National CineMedia has a 52 week low of $5.12 and a 52 week high of $13.33. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71.
In related news, major shareholder General L.P. Standard acquired 210,320 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was purchased at an average cost of $6.97 per share, with a total value 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. Insiders have bought 438,481 shares of company stock valued at $3,019,525 over the last three months. 5.40% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NCMI. HPM Partners LLC purchased a new stake in National CineMedia during the fourth quarter valued at approximately $110,000. MetLife Investment Advisors LLC purchased a new stake in National CineMedia during the fourth quarter valued at approximately $113,000. Engineers Gate Manager LP purchased a new stake in National CineMedia during the fourth quarter valued at approximately $119,000. Teacher Retirement System of Texas purchased a new stake in National CineMedia during the fourth quarter valued at approximately $149,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in National CineMedia during the fourth quarter valued at approximately $165,000. 87.16% of the stock is owned by hedge funds and other institutional investors.
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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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