National CineMedia (NASDAQ:NCMI) Earns “Neutral” Rating from Wedbush

National CineMedia (NASDAQ:NCMI)‘s stock had its “neutral” rating reiterated by research analysts at Wedbush in a research note issued on Wednesday,RTT News reports. They presently have a $7.50 price objective on the business services provider’s stock. Wedbush’s price objective suggests a potential upside of 18.67% from the stock’s current price.

NCMI has been the topic of a number of other reports. Barrington Research increased their target price on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.06.

National CineMedia Trading Up 1.6 %

Shares of NASDAQ:NCMI traded up $0.10 during midday trading on Wednesday, hitting $6.32. 46,558 shares of the stock traded hands, compared to its average volume of 435,195. The business’s 50 day moving average is $6.68 and its two-hundred day moving average is $6.82. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $599.86 million, a PE ratio of -25.28 and a beta of 2.06. National CineMedia has a one year low of $3.70 and a one year high of $7.60.

Insider Buying and Selling at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 66,987 shares in the company, valued at $436,085.37. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.25% of the company’s stock.

Institutional Trading of National CineMedia

Hedge funds have recently made changes to their positions in the business. Kings Path Partners LLC bought a new stake in shares of National CineMedia in the 4th quarter worth about $408,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of National CineMedia by 240.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after buying an additional 509,756 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of National CineMedia in the 3rd quarter worth approximately $292,000. State Street Corp lifted its position in National CineMedia by 23.8% during the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock valued at $8,160,000 after acquiring an additional 222,498 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of National CineMedia by 39.7% in the fourth quarter. SG Americas Securities LLC now owns 43,210 shares of the business services provider’s stock worth $287,000 after buying an additional 12,281 shares during the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

About National CineMedia

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.