National CineMedia, Inc. (NASDAQ:NCMI) Receives $5.38 Average PT from Brokerages

National CineMedia, Inc. (NASDAQ:NCMI) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $5.3750.

NCMI has been the subject of several recent research reports. Weiss Ratings lowered National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen raised National CineMedia from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Wedbush dropped their target price on National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th.

Insider Transactions at National CineMedia

In other National CineMedia news, insider Maria Vg Woods sold 12,058 shares of National CineMedia stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total transaction of $45,458.66. Following the completion of the transaction, the insider directly owned 163,162 shares of the company’s stock, valued at $615,120.74. The trade was a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National CineMedia

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of National CineMedia by 59.8% during the 1st quarter. AQR Capital Management LLC now owns 488,025 shares of the business services provider’s stock worth $2,850,000 after purchasing an additional 182,548 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in National CineMedia in the 1st quarter worth about $255,000. Goldman Sachs Group Inc. raised its position in National CineMedia by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 683,614 shares of the business services provider’s stock worth $3,992,000 after purchasing an additional 120,079 shares during the period. Jane Street Group LLC raised its position in National CineMedia by 511.8% in the 1st quarter. Jane Street Group LLC now owns 93,061 shares of the business services provider’s stock worth $543,000 after purchasing an additional 77,849 shares during the period. Finally, Strs Ohio bought a new stake in National CineMedia in the first quarter worth about $43,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Price Performance

NCMI stock opened at $3.82 on Monday. National CineMedia has a 52 week low of $2.78 and a 52 week high of $5.14. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $3.54 and a two-hundred day simple moving average of $3.50. The firm has a market capitalization of $358.24 million, a P/E ratio of -42.44 and a beta of 1.36.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. The firm had revenue of $34.00 million for the quarter, compared to the consensus estimate of $32.92 million. National CineMedia had a negative net margin of 3.47% and a negative return on equity of 1.80%. Analysts anticipate that National CineMedia will post -0.01 earnings per share for the current fiscal year.

National CineMedia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 22nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, May 22nd. National CineMedia’s dividend payout ratio is presently -133.33%.

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.