National CineMedia (NASDAQ:NCMI) Price Target Lowered to $5.50 at Barrington Research

National CineMedia (NASDAQ:NCMI) had its price objective cut by Barrington Research from $6.50 to $5.50 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

NCMI has been the topic of several other reports. Wedbush reissued an “outperform” rating and set a $6.00 price target (down from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Benchmark lowered their target price on National CineMedia from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of National CineMedia in a research report on Monday, December 29th. Zacks Research raised shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Three 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.80.

National CineMedia Stock Down 1.3%

Shares of NASDAQ NCMI opened at $3.70 on Monday. The firm’s 50-day moving average price is $3.98 and its 200-day moving average price is $4.31. National CineMedia has a 52-week low of $3.64 and a 52-week high of $7.25. The company has a market cap of $347.17 million, a PE ratio of -24.67 and a beta of 1.35.

National CineMedia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.12 annualized dividend and a yield of 3.2%. National CineMedia’s payout ratio is currently -80.00%.

Insider Buying and Selling at National CineMedia

In other news, EVP Maria Vg Woods sold 9,043 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $3.89, for a total value of $35,177.27. Following the completion of the sale, the executive vice president directly owned 129,330 shares of the company’s stock, valued at $503,093.70. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On National CineMedia

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in National CineMedia by 2.2% during the second quarter. American Century Companies Inc. now owns 145,233 shares of the business services provider’s stock valued at $704,000 after acquiring an additional 3,110 shares during the period. BNP Paribas Financial Markets grew its position in shares of National CineMedia by 103.2% during the third quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after purchasing an additional 6,549 shares in the last quarter. Strs Ohio bought a new stake in National CineMedia during the 1st quarter valued at approximately $43,000. Quantbot Technologies LP purchased a new position in National CineMedia in the 3rd quarter worth approximately $34,000. Finally, Legal & General Group Plc boosted its stake in National CineMedia by 137.1% in the 2nd quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock worth $69,000 after purchasing an additional 8,285 shares during the period. Hedge funds and other institutional investors own 69.49% of the company’s stock.

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.