National CineMedia, Inc. (NASDAQ:NCMI) Receives $5.80 Consensus PT from Brokerages

Shares of National CineMedia, Inc. (NASDAQ:NCMI) have received a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $5.80.

NCMI has been the subject of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $6.00 target price (down from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Benchmark dropped their price objective on National CineMedia from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Barrington Research cut their price objective on National CineMedia from $6.50 to $5.50 and set an “outperform” rating on the stock in a research report on Monday, January 26th. B. Riley Financial dropped their price target on National CineMedia from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of National CineMedia in a report on Monday, December 29th.

Insider Buying and Selling

In other National CineMedia news, EVP Maria Vg Woods sold 9,043 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $3.89, for a total transaction of $35,177.27. Following the transaction, the executive vice president owned 129,330 shares in the company, valued at approximately $503,093.70. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new stake in National CineMedia in the first quarter worth $43,000. Quantbot Technologies LP purchased a new stake in shares of National CineMedia in the 3rd quarter worth about $34,000. Graham Capital Management L.P. purchased a new stake in shares of National CineMedia in the 4th quarter worth about $40,000. BNP Paribas Financial Markets increased its stake in shares of National CineMedia by 103.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after acquiring an additional 6,549 shares in the last quarter. Finally, Inscription Capital LLC purchased a new position in National CineMedia during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Stock Performance

Shares of National CineMedia stock opened at $3.40 on Friday. National CineMedia has a 52-week low of $3.17 and a 52-week high of $7.00. The company’s 50 day moving average price is $3.72 and its 200-day moving average price is $4.12. The stock has a market capitalization of $319.02 million, a price-to-earnings ratio of -22.67 and a beta of 1.38.

National CineMedia Company Profile

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.