Shares of National CineMedia Inc. (NASDAQ:NCMI) saw unusually-high trading volume on Monday . Approximately 247,843 shares changed hands during trading, an increase of 29% from the previous session’s volume of 192,708 shares.The stock last traded at $15.95 and had previously closed at $16.08.

NCMI has been the topic of a number of research reports. Benchmark Co. decreased their target price on shares of National CineMedia from $19.77 to $18.76 and set a “buy” rating on the stock in a research note on Friday, May 6th. Zacks Investment Research cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Saturday, July 23rd. Stifel Nicolaus cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. FBR & Co reaffirmed a “buy” rating on shares of National CineMedia in a research note on Thursday, May 26th. Finally, Credit Suisse Group AG initiated coverage on shares of National CineMedia in a research note on Monday, June 13th. They set an “outperform” rating and a $21.00 target price on the stock. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $18.10.

The stock has a market cap of $952.33 million and a price-to-earnings ratio of 47.24. The company’s 50 day moving average price is $15.50 and its 200 day moving average price is $14.85.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Monday, August 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $115.52 million. During the same quarter in the previous year, the company earned $0.17 EPS. National CineMedia’s quarterly revenue was down 5.0% on a year-over-year basis. Equities analysts expect that National CineMedia Inc. will post $0.52 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of NCMI. Rhumbline Advisers boosted its stake in National CineMedia by 3.5% in the fourth quarter. Rhumbline Advisers now owns 80,367 shares of the company’s stock valued at $1,263,000 after buying an additional 2,705 shares in the last quarter. New York State Common Retirement Fund boosted its stake 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 valued at $1,328,000 after buying an additional 10,158 shares during the period. Pear Tree Advisors Inc. bought a new stake in National CineMedia during the fourth quarter valued at $1,555,000. California State Teachers Retirement System boosted its stake 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 valued at $1,789,000 after buying an additional 2,003 shares during the period. Finally, California Public Employees Retirement System boosted its stake 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 valued at $3,078,000 after buying an additional 3,400 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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