National CineMedia, Inc. (NASDAQ:NCMI) has earned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.90.
Several research firms have recently commented on NCMI. ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised shares of National CineMedia from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. B. Riley set a $9.00 price target on shares of National CineMedia and gave the company a “hold” rating in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. lowered shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price target for the company. in a research report on Wednesday, November 8th.
National CineMedia (NASDAQ:NCMI) traded down $0.05 during midday trading on Tuesday, hitting $6.61. 383,526 shares of the stock traded hands, compared to its average volume of 476,950. National CineMedia has a 12-month low of $5.12 and a 12-month high of $15.25. The stock has a market cap of $413.04, a price-to-earnings ratio of 20.03, a P/E/G ratio of 2.13 and a beta of 0.62. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $108.21 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. analysts forecast that National CineMedia will post 0.29 EPS for the current fiscal year.
In related news, major shareholder General L.P. Standard acquired 60,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average cost of $6.64 per share, for a total transaction of $398,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have purchased 810,940 shares of company stock valued at $5,503,629. 5.40% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. California Public Employees Retirement System grew its stake in shares of National CineMedia by 29.7% during the 3rd quarter. California Public Employees Retirement System now owns 265,872 shares of the business services provider’s stock valued at $1,856,000 after acquiring an additional 60,872 shares during the period. Oaktree Capital Management LP bought a new position in shares of National CineMedia during the 3rd quarter valued at approximately $25,301,000. Western Standard LLC grew its stake in shares of National CineMedia by 375.6% during the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock valued at $6,138,000 after acquiring an additional 694,446 shares during the period. NWQ Investment Management Company LLC grew its stake in shares of National CineMedia by 18.0% during the 3rd quarter. NWQ Investment Management Company LLC now owns 535,485 shares of the business services provider’s stock valued at $3,738,000 after acquiring an additional 81,605 shares during the period. Finally, Vivaldi Asset Management LLC grew its stake in shares of National CineMedia by 244.1% during the 3rd quarter. Vivaldi Asset Management LLC now owns 667,110 shares of the business services provider’s stock valued at $4,656,000 after acquiring an additional 473,232 shares during the period. Institutional investors own 86.37% of the company’s stock.
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About National CineMedia
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.
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