National CineMedia, Inc. (NASDAQ:NCMI) Receives $4.81 Average Price Target from Brokerages

Shares of National CineMedia, Inc. (NASDAQ:NCMI) have been given an average rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $4.8125.

Several brokerages recently commented on NCMI. Wall Street Zen raised shares of National CineMedia from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Barrington Research set a $4.25 target price on shares of National CineMedia in a research note on Wednesday, August 12th. Wedbush set a $5.00 price target on shares of National CineMedia and gave the company an “outperform” rating in a report on Wednesday, August 12th. Zacks Research lowered shares of National CineMedia from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National CineMedia in a report on Friday, August 7th.

National CineMedia Stock Down 3.4%

Shares of NASDAQ NCMI opened at $2.55 on Friday. National CineMedia has a 52 week low of $2.16 and a 52 week high of $5.03. The business has a 50-day simple moving average of $3.65 and a two-hundred day simple moving average of $3.46. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04. The company has a market cap of $239.14 million, a P/E ratio of -28.33 and a beta of 1.38.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. The company had revenue of $58.40 million for the quarter, compared to the consensus estimate of $59.34 million. Research analysts anticipate that National CineMedia will post 0.05 earnings per share for the current fiscal year.

Insider Transactions at National CineMedia

In related news, insider Maria Vg Woods sold 12,058 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was 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 in the company, 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. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of National CineMedia

Several institutional investors and hedge funds have recently modified their holdings of NCMI. Orbis Allan Gray Ltd grew its holdings in shares of National CineMedia by 79.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 9,523,889 shares of the business services provider’s stock worth $37,048,000 after purchasing an additional 4,218,288 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in 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 during the last quarter. Vanguard Group Inc. lifted its position in National CineMedia by 0.3% during the third quarter. Vanguard Group Inc. now owns 4,519,377 shares of the business services provider’s stock valued at $20,382,000 after purchasing an additional 12,172 shares during the last quarter. Wellington Management Group LLP lifted its position in National CineMedia by 16.0% during the second quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock valued at $12,237,000 after purchasing an additional 444,984 shares during the last quarter. Finally, Barclays PLC grew its stake in National CineMedia by 30.1% in the 4th quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock worth $7,793,000 after buying an additional 463,112 shares in the last quarter. 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.