ValuEngine upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a report issued on Thursday, March 15th.
Other equities research analysts also recently issued reports about the stock. Benchmark reiterated a buy rating and issued a $10.00 price target (down from $12.00) on shares of National CineMedia in a research report on Tuesday, March 13th. BidaskClub upgraded shares of National CineMedia from a hold rating to a buy rating in a research report on Monday, February 5th. B. Riley downgraded shares of National CineMedia to a hold rating and set a $8.75 price objective for the company. in a research report on Monday, January 29th. Finally, Zacks Investment Research upgraded shares of National CineMedia from a sell rating to a hold rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $7.92.
Shares of NASDAQ:NCMI opened at $5.46 on Thursday. National CineMedia has a 12-month low of $5.09 and a 12-month high of $12.70. The company has a market cap of $430.49, a PE ratio of 13.65, a PEG ratio of 1.67 and a beta of 0.55. The company has a debt-to-equity ratio of -769.42, a current ratio of 1.94 and a quick ratio of 1.94.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, March 12th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. National CineMedia had a negative return on equity of 55.42% and a net margin of 0.12%. The company had revenue of $140.70 million during the quarter, compared to analysts’ expectations of $144.48 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. sell-side analysts predict that National CineMedia will post 0.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 21st. This represents a $0.68 dividend on an annualized basis and a yield of 12.45%. National CineMedia’s dividend payout ratio (DPR) is currently 170.00%.
In other news, major shareholder General L.P. Standard purchased 249,600 shares of the business’s stock in a transaction on Friday, March 16th. The shares were acquired at an average price of $5.74 per share, with a total value of $1,432,704.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 1,387,513 shares of company stock worth $7,889,192 in the last ninety days. Insiders own 5.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of National CineMedia by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock worth $375,000 after purchasing an additional 2,341 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of National CineMedia by 14.2% during the 2nd quarter. Voya Investment Management LLC now owns 33,589 shares of the business services provider’s stock worth $249,000 after purchasing an additional 4,171 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of National CineMedia by 32.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 33,000 shares of the business services provider’s stock worth $226,000 after purchasing an additional 8,000 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of National CineMedia by 16.8% during the 4th quarter. Schroder Investment Management Group now owns 96,033 shares of the business services provider’s stock worth $659,000 after purchasing an additional 13,807 shares in the last quarter. Finally, HPM Partners LLC bought a new position in shares of National CineMedia during the 4th quarter worth about $110,000. 86.41% of the stock is currently owned by institutional investors.
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National CineMedia Company Profile
National CineMedia, Inc is a holding company that engages in the provision of advertising, business meetings, event services and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network in North America, which is used to distribute content for its advertising promotions, Fathom Events.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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