National CineMedia Inc. (NASDAQ:NCMI)’s share price fell 1.9% during mid-day trading on Wednesday . The stock traded as low as $15.27 and last traded at $15.53, with a volume of 127,543 shares trading hands. The stock had previously closed at $15.83.

Several brokerages have issued reports on NCMI. Zacks Investment Research upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. B. Riley reiterated a “buy” rating and issued a $20.00 price objective on shares of National CineMedia in a research report on Thursday, May 5th. Credit Suisse Group AG began coverage on National CineMedia in a research report on Monday, June 13th. They issued an “outperform” rating and a $21.00 price objective for the company. Stifel Nicolaus downgraded National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, FBR & Co reiterated a “buy” rating on shares of National CineMedia in a research report on Thursday, May 26th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. National CineMedia presently has a consensus rating of “Buy” and a consensus target price of $18.10.

The company has a market capitalization of $928.41 million and a price-to-earnings ratio of 46.05. The company has a 50 day moving average price of $15.09 and a 200 day moving average price of $14.76.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Wednesday, May 4th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The firm earned $76.20 million during the quarter, compared to the consensus estimate of $74.53 million. During the same period in the previous year, the company posted $0.01 EPS. National CineMedia’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts anticipate that National CineMedia Inc. will post $0.52 EPS for the current year.

Other institutional investors recently added to or reduced their stakes in the company. Hourglass Capital LLC increased its position in National CineMedia by 0.8% in the fourth quarter. Hourglass Capital LLC now owns 233,255 shares of the company’s stock worth $3,664,000 after buying an additional 1,945 shares during the period. California State Teachers Retirement System increased its position in National CineMedia by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 113,863 shares of the company’s stock worth $1,789,000 after buying an additional 2,003 shares during the period. Rhumbline Advisers increased its position in National CineMedia by 3.5% in the fourth quarter. Rhumbline Advisers now owns 80,367 shares of the company’s stock worth $1,263,000 after buying an additional 2,705 shares during the period. California Public Employees Retirement System increased its position in National CineMedia by 1.8% in the fourth quarter. California Public Employees Retirement System now owns 195,918 shares of the company’s stock worth $3,078,000 after buying an additional 3,400 shares during the period. Finally, New York State Common Retirement Fund increased its position in National CineMedia by 13.7% in the fourth quarter. New York State Common Retirement Fund now owns 84,513 shares of the company’s stock worth $1,328,000 after buying an additional 10,158 shares during the period.

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. The Company is engaged in advertising business.

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