National CineMedia, Inc. (NASDAQ:NCMI) Receives $5.38 Consensus Target Price from Analysts

National CineMedia, Inc. (NASDAQ:NCMI) has received an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.3750.

Several equities analysts have commented on the stock. Weiss Ratings downgraded shares of 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 report on Saturday, June 6th. Finally, Wedbush decreased their price target on National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th.

Institutional Investors Weigh In On National CineMedia

Several hedge funds and other institutional investors have recently modified their holdings of NCMI. Orbis Allan Gray Ltd raised its stake in National CineMedia by 79.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 9,523,889 shares of the business services provider’s stock valued at $37,048,000 after purchasing an additional 4,218,288 shares during the last quarter. Lunate Capital Ltd acquired a new position in National CineMedia during the third quarter worth $36,740,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 1,568,376 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 12,172 shares during the period. Finally, Barclays PLC boosted its stake in shares of National CineMedia by 30.1% in the 4th quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock valued at $7,793,000 after purchasing an additional 463,112 shares in the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Stock Down 0.8%

NCMI opened at $3.77 on Thursday. The company has a market capitalization of $353.55 million, a PE ratio of -41.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82. National CineMedia has a fifty-two week low of $2.78 and a fifty-two week high of $5.14. The business has a 50-day moving average of $3.42 and a 200-day moving average of $3.51.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Tuesday, May 12th. The business services provider reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.03. The business had revenue of $34.00 million during the quarter, compared to analysts’ expectations of $32.92 million. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.

National CineMedia Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 22nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, May 22nd. National CineMedia’s payout ratio is currently -133.33%.

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.