National CineMedia, Inc. (NASDAQ:NCMI) has been given an average recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $7.71.
Several analysts have commented on the stock. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a research report on Friday, May 18th. Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. B. Riley increased their price target on shares of National CineMedia to $7.00 and gave the company a “buy” rating in a research report on Tuesday, May 8th. Finally, ValuEngine lowered shares of National CineMedia from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd.
In related news, major shareholder General L.P. Standard acquired 297,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The stock was purchased at an average cost of $7.32 per share, with a total value of $2,178,432.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Amc Starplex, Llc sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $7.23, for a total transaction of $7,230,000.00. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC increased its holdings in National CineMedia by 4.8% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 9,590,162 shares of the business services provider’s stock worth $65,789,000 after buying an additional 438,600 shares during the period. BlackRock Inc. increased its holdings in National CineMedia by 0.8% in the 4th quarter. BlackRock Inc. now owns 4,401,563 shares of the business services provider’s stock worth $30,196,000 after buying an additional 33,265 shares during the period. Global X Management Co. LLC acquired a new position in National CineMedia in the 1st quarter worth approximately $12,590,000. Dimensional Fund Advisors LP increased its holdings in 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 worth $11,780,000 after buying an additional 222,357 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in National CineMedia by 0.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,990,000 shares of the business services provider’s stock worth $10,328,000 after buying an additional 10,000 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.
Shares of NCMI stock traded down $0.16 during mid-day trading on Tuesday, hitting $8.40. 672,600 shares of the stock traded hands, compared to its average volume of 777,510. The firm has a market cap of $664.42 million, a price-to-earnings ratio of 21.00 and a beta of 0.61. National CineMedia has a 52-week low of $5.09 and a 52-week high of $8.61. The company has a debt-to-equity ratio of -11.19, a quick ratio of 2.43 and a current ratio of 2.43.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, May 7th. The business services provider reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The business had revenue of $80.20 million during the quarter, compared to analyst estimates of $75.18 million. National CineMedia had a net margin of 0.83% and a negative return on equity of 53.20%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. equities analysts predict that National CineMedia will post 0.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 8.10%. The ex-dividend date was Thursday, May 17th. National CineMedia’s payout ratio is currently 170.00%.
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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