Shares of National CineMedia, Inc. (NASDAQ:NCMI) have received a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.90.
Several brokerages have recently commented on NCMI. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. B. Riley set a $9.00 price objective on shares of National CineMedia and gave the stock a “hold” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. downgraded shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th.
In related news, major shareholder General L.P. Standard acquired 60,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $398,400.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have acquired 810,940 shares of company stock worth $5,503,629. Company insiders own 5.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. raised its stake in shares of National CineMedia by 690.2% during the 2nd quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock worth $106,000 after purchasing an additional 12,423 shares during the period. Stifel Financial Corp raised its stake in shares of National CineMedia by 30.5% during the 2nd quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock worth $142,000 after purchasing an additional 4,468 shares during the period. DRW Securities LLC bought a new stake in shares of National CineMedia during the 2nd quarter worth $142,000. Nine Chapters Capital Management LLC bought a new stake in National CineMedia in the 3rd quarter valued at about $136,000. Finally, Gamco Investors INC. ET AL bought a new stake in National CineMedia in the 3rd quarter valued at about $175,000. Institutional investors own 86.37% of the company’s stock.
National CineMedia (NCMI) opened at $6.86 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71. National CineMedia has a fifty-two week low of $5.12 and a fifty-two week high of $15.25. The stock has a market cap of $426.57, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.63 and a beta of 0.62.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $108.21 million. During the same quarter last year, the business earned $0.13 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. sell-side analysts forecast that National CineMedia will post 0.29 earnings per share for the current year.
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About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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