National CineMedia (NASDAQ:NCMI) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

National CineMedia, Inc. (NASDAQ:NCMI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.74 and traded as high as $7.19. National CineMedia shares last traded at $7.19, with a volume of 457,732 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wedbush reiterated a “neutral” rating and set a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a report on Monday, November 4th. StockNews.com cut National CineMedia from a “hold” rating to a “sell” rating in a report on Monday, January 20th. Finally, Barrington Research boosted their target price on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.06.

National CineMedia Stock Performance

The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $671.08 million, a price-to-earnings ratio of -28.28 and a beta of 2.06. The company has a 50-day moving average of $6.74 and a 200-day moving average of $6.74.

Insiders Place Their Bets

In other news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 66,987 shares of the company’s stock, valued at approximately $436,085.37. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NCMI. Northern Trust Corp boosted its position in shares of National CineMedia by 2.5% in the 4th quarter. Northern Trust Corp now owns 657,802 shares of the business services provider’s stock valued at $4,368,000 after purchasing an additional 16,297 shares during the period. Quarry LP acquired a new position in shares of National CineMedia in the 4th quarter valued at $91,000. Boothbay Fund Management LLC boosted its position in shares of National CineMedia by 47.8% in the 4th quarter. Boothbay Fund Management LLC now owns 211,535 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 68,372 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of National CineMedia by 18.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,749 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 4,084 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of National CineMedia by 126.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 273,711 shares of the business services provider’s stock valued at $1,817,000 after purchasing an additional 152,777 shares during the period. Institutional investors own 69.49% of the company’s stock.

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.