National CineMedia (NASDAQ:NCMI) Given New $4.00 Price Target at B. Riley

National CineMedia (NASDAQ:NCMI) had its price objective decreased by B. Riley from $5.00 to $4.00 in a report issued on Thursday, MarketBeat Ratings reports. B. Riley currently has a neutral rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on NCMI. Wall Street Zen raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Barrington Research reduced their target price on National CineMedia from $7.00 to $6.50 and set an “outperform” rating on the stock in a report on Friday, October 31st. Zacks Research upgraded National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 18th. Benchmark dropped their price target on National CineMedia from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of National CineMedia in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.00.

National CineMedia Stock Up 0.3%

Shares of NASDAQ:NCMI opened at $3.82 on Thursday. National CineMedia has a 12-month low of $3.68 and a 12-month high of $7.25. The company’s 50 day moving average price is $3.99 and its two-hundred day moving average price is $4.33. The firm has a market cap of $358.43 million, a PE ratio of -25.46 and a beta of 1.35.

National CineMedia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, November 10th. National CineMedia’s dividend payout ratio (DPR) is presently -80.00%.

Insider Activity

In related news, EVP Maria Vg Woods sold 9,043 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $3.89, for a total transaction of $35,177.27. Following the completion of the transaction, the executive vice president directly owned 129,330 shares in the company, valued at $503,093.70. This represents a 6.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lunate Capital Ltd acquired a new stake in shares of National CineMedia during the 3rd quarter valued at $36,740,000. Orbis Allan Gray Ltd bought a new position in National CineMedia in the second quarter valued at about $20,338,000. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of National CineMedia by 34.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider’s stock valued at $27,742,000 after purchasing an additional 1,568,376 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of National CineMedia by 17.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,774,325 shares of the business services provider’s stock worth $8,003,000 after purchasing an additional 266,032 shares during the last quarter. Finally, Luxor Capital Group LP increased its stake in shares of National CineMedia by 29.2% in the third quarter. Luxor Capital Group LP now owns 1,074,058 shares of the business services provider’s stock valued at $4,844,000 after buying an additional 242,450 shares during the period. 69.49% of the stock is currently owned by institutional investors and hedge funds.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.