National CineMedia (NASDAQ:NCMI) Stock Price Target Lowered at StoneX

National CineMedia (NASDAQ:NCMI) had its target price trimmed by StoneX from $6.00 to $4.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other equities research analysts have also recently weighed in on NCMI. National Bank Financial set a $1.75 price objective on shares of National CineMedia in a research note on Monday, November 2nd. Wedbush set a $5.00 target price on shares of National CineMedia and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Barrington Research set a $4.25 target price on shares of National CineMedia in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Finally, Weiss Ratings lowered shares of National CineMedia from a “sell (d+)” rating to a “sell (e+)” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.17.

National CineMedia Stock Up 14.8%

Shares of National CineMedia stock opened at $1.86 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84. National CineMedia has a 1-year low of $1.40 and a 1-year high of $4.33. The business’s fifty day moving average price is $2.09 and its two-hundred day moving average price is $3.09. The company has a market capitalization of $174.43 million, a P/E ratio of -6.41 and a beta of 1.75.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Tuesday, November 10th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.32. The company had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $72.22 million. National CineMedia had a positive return on equity of 7.62% and a negative net margin of 10.69%. As a group, research analysts forecast that National CineMedia will post 0.17 EPS for the current year.

Insider Transactions at National CineMedia

In related news, insider Maria Woods sold 12,189 shares of National CineMedia stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $2.09, for a total transaction of $25,475.01. Following the transaction, the insider directly owned 176,806 shares of the company’s stock, valued at $369,524.54. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On National CineMedia

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in shares of National CineMedia by 16.0% in the 2nd quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock worth $12,237,000 after purchasing an additional 444,984 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of National CineMedia in the 2nd quarter worth approximately $2,653,000. Luxor Capital Group LP lifted its stake in National CineMedia by 61.3% during the first quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider’s stock valued at $5,553,000 after purchasing an additional 691,879 shares during the last quarter. Citadel Advisors LLC lifted its stake in National CineMedia by 682.4% during the second quarter. Citadel Advisors LLC now owns 278,577 shares of the business services provider’s stock valued at $1,059,000 after purchasing an additional 242,970 shares during the last quarter. Finally, Zazove Associates LLC lifted its stake in National CineMedia by 78.3% during the first quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock valued at $1,400,000 after purchasing an additional 201,564 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc. (NASDAQ: NCMI) is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment. Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.