National CineMedia (NASDAQ:NCMI) Receives “Neutral” Rating from William Blair

William Blair reissued their neutral rating on shares of National CineMedia (NASDAQ:NCMI) in a report published on Friday,RTT News reports. William Blair currently has a $7.50 price target on the business services provider’s stock.

A number of other brokerages also recently weighed in on NCMI. Wedbush restated a “neutral” rating and set a $7.50 price objective on shares of National CineMedia in a research report on Wednesday. StockNews.com cut National CineMedia from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a report on Friday. Finally, Barrington Research lowered their target price on National CineMedia from $8.25 to $7.00 and set an “outperform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.70.

National CineMedia Stock Performance

Shares of NCMI opened at $5.22 on Friday. The company has a market cap of $495.46 million, a price-to-earnings ratio of -20.88 and a beta of 2.19. The business’s fifty day simple moving average is $6.67 and its two-hundred day simple moving average is $6.81. National CineMedia has a 12 month low of $3.70 and a 12 month high of $7.60. 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 (NASDAQ:NCMI) last released its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The company had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.77 million. Research analysts anticipate that National CineMedia will post -0.12 earnings per share for the current fiscal year.

Insider Transactions at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the sale, the executive vice president now owns 66,987 shares of the company’s stock, valued at approximately $436,085.37. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Summit Securities Group LLC bought a new stake in National CineMedia during the 4th quarter worth approximately $53,000. BNP Paribas Financial Markets bought a new stake in shares of National CineMedia during the 4th quarter valued at $57,000. DRW Securities LLC bought a new stake in shares of National CineMedia during the 4th quarter valued at $73,000. Quarry LP purchased a new position in shares of National CineMedia during the 4th quarter valued at $91,000. Finally, Ieq Capital LLC bought a new position in National CineMedia in the 4th quarter worth $93,000. 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.