National CineMedia (NASDAQ:NCMI) Hits New 1-Year High at $6.69

National CineMedia, Inc. (NASDAQ:NCMI)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $6.69 and last traded at $6.35, with a volume of 54898 shares. The stock had previously closed at $6.12.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NCMI shares. StockNews.com lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Wedbush reissued a “neutral” rating and set a $6.00 price objective on shares of National CineMedia in a report on Tuesday, August 6th. Barrington Research upgraded shares of National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price objective for the company in a research report on Tuesday, August 6th. Finally, Benchmark reaffirmed a “speculative buy” rating and issued a $6.00 target price on shares of National CineMedia in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, National CineMedia currently has a consensus rating of “Hold” and a consensus target price of $6.56.

National CineMedia Stock Performance

The company has a market cap of $610.34 million, a PE ratio of 0.18 and a beta of 2.03. The stock has a 50 day simple moving average of $5.07 and a two-hundred day simple moving average of $4.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.76 and a quick ratio of 2.76.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). National CineMedia had a net margin of 426.76% and a return on equity of 3.45%. The business had revenue of $54.70 million during the quarter, compared to analysts’ expectations of $49.87 million. During the same quarter last year, the company earned ($0.07) EPS. Equities analysts predict that National CineMedia, Inc. will post 0.02 EPS for the current year.

Institutional Trading of National CineMedia

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its stake in shares of National CineMedia by 37.6% in the 1st quarter. First Eagle Investment Management LLC now owns 1,966,355 shares of the business services provider’s stock valued at $10,127,000 after purchasing an additional 537,822 shares during the last quarter. Wellington Management Group LLP grew its position in National CineMedia by 16.3% in the 4th quarter. Wellington Management Group LLP now owns 1,336,947 shares of the business services provider’s stock valued at $5,535,000 after buying an additional 187,613 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in National CineMedia by 270.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 208,649 shares of the business services provider’s stock valued at $916,000 after buying an additional 152,251 shares during the period. Oppenheimer Asset Management Inc. increased its stake in National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after buying an additional 6,690 shares during the period. Finally, Jump Financial LLC purchased a new position in National CineMedia during the 4th quarter worth $218,000. 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.