Zacks Investment Research upgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $11.00 price target on the business services provider’s stock.

According to Zacks, “NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. They have long term exhibitor services agreements with our founding members, Cinemark and Regal, the three largest motion picture exhibition companies in the U.S.and multi year agreements with several other theatre operators whom they refer to as network affiliates. The network affiliate agreements grant them exclusive rights, subject to limited exceptions, to sell advertising on their theatre screens. “

A number of other equities analysts have also weighed in on NCMI. BidaskClub upgraded National CineMedia from a buy rating to a strong-buy rating in a research note on Thursday, June 28th. B. Riley increased their target price on National CineMedia from $8.00 to $9.50 and gave the stock a buy rating in a research note on Monday, June 25th. ValuEngine upgraded National CineMedia from a sell rating to a hold rating in a research note on Thursday, June 21st. Finally, MKM Partners raised their price objective on National CineMedia to $9.00 and gave the stock a neutral rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. National CineMedia has an average rating of Buy and an average price target of $9.30.

Shares of NASDAQ NCMI traded up $0.03 during trading hours on Wednesday, reaching $9.31. 492,952 shares of the stock were exchanged, compared to its average volume of 655,531. The firm has a market cap of $836.56 million, a P/E ratio of 23.28 and a beta of 0.58. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of -9.88. National CineMedia has a 52 week low of $5.09 and a 52 week high of $10.94.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, August 6th. The business services provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $113.70 million for the quarter, compared to the consensus estimate of $108.48 million. National CineMedia had a negative return on equity of 50.95% and a net margin of 1.40%. National CineMedia’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Analysts forecast that National CineMedia will post 0.38 EPS for the current year.

In other National CineMedia news, President Clifford E. Marks sold 30,237 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $10.00, for a total transaction of $302,370.00. Following the transaction, the president now owns 526,868 shares in the company, valued at approximately $5,268,680. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder General L.P. Standard acquired 182,439 shares of the stock in a transaction on Monday, August 13th. The shares were bought at an average price of $8.59 per share, for a total transaction of $1,567,151.01. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of NCMI. Swiss National Bank increased its stake in National CineMedia by 33.2% during the 1st quarter. Swiss National Bank now owns 136,500 shares of the business services provider’s stock worth $708,000 after acquiring an additional 34,000 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of National CineMedia by 15.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 813,931 shares of the business services provider’s stock valued at $4,225,000 after purchasing an additional 106,351 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of National CineMedia by 1.2% in the 1st quarter. Northern Trust Corp now owns 717,118 shares of the business services provider’s stock valued at $3,721,000 after purchasing an additional 8,636 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of National CineMedia by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,269,666 shares of the business services provider’s stock valued at $11,780,000 after purchasing an additional 222,357 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of National CineMedia in the 1st quarter valued at $115,000. Hedge funds and other institutional investors own 84.41% of the company’s stock.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.

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