Barrington Research reiterated their hold rating on shares of National CineMedia (NASDAQ:NCMI) in a research report released on Monday.
NCMI has been the subject of a number of other reports. BidaskClub lowered shares of National CineMedia from a strong-buy rating to a buy rating in a research report on Friday, March 9th. Zacks Investment Research upgraded shares of National CineMedia from a sell rating to a hold rating in a research report on Wednesday, January 24th. ValuEngine lowered shares of National CineMedia from a hold rating to a sell rating in a research report on Tuesday, February 13th. Finally, B. Riley lowered shares of National CineMedia to a hold rating and set a $8.75 target price for the company. in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $7.92.
National CineMedia stock opened at $5.80 on Monday. The company has a debt-to-equity ratio of -14.71, a current ratio of 1.76 and a quick ratio of 1.76. National CineMedia has a 1 year low of $5.12 and a 1 year high of $12.75. The company has a market cap of $449.03, a P/E ratio of 290.00, a PEG ratio of 1.82 and a beta of 0.36.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, March 12th. The business services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. National CineMedia had a net margin of 0.12% and a negative return on equity of 41.83%. The company had revenue of $140.70 million during the quarter, compared to analyst estimates of $144.48 million. During the same period last year, the business earned $0.24 earnings per share. National CineMedia’s revenue was down 1.3% compared to the same quarter last year. analysts predict that National CineMedia will post 0.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.68 annualized dividend and a yield of 11.72%. National CineMedia’s payout ratio is presently 4,400.00%.
In related news, major shareholder General L.P. Standard bought 15,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was acquired at an average cost of $6.94 per share, for a total transaction of $104,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NCMI. Oaktree Capital Management LP bought a new stake in shares of National CineMedia in the 3rd quarter worth approximately $25,301,000. Bank of New York Mellon Corp lifted its holdings in shares of National CineMedia by 84.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,729,255 shares of the business services provider’s stock worth $11,862,000 after acquiring an additional 792,618 shares during the last quarter. Western Standard LLC lifted its holdings in shares of National CineMedia by 375.6% in the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock worth $6,138,000 after acquiring an additional 694,446 shares during the last quarter. Vivaldi Asset Management LLC lifted its holdings in shares of National CineMedia by 244.1% in the 3rd quarter. Vivaldi Asset Management LLC now owns 667,110 shares of the business services provider’s stock worth $4,656,000 after acquiring an additional 473,232 shares during the last quarter. Finally, River Road Asset Management LLC lifted its holdings in shares of National CineMedia by 29.7% in the 4th quarter. River Road Asset Management LLC now owns 2,050,865 shares of the business services provider’s stock worth $14,069,000 after acquiring an additional 469,920 shares during the last quarter. Hedge funds and other institutional investors own 87.11% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/20/national-cinemedias-ncmi-hold-rating-reiterated-at-barrington-research.html.
National CineMedia Company Profile
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.
Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.com's FREE daily email newsletter.