National CineMedia, Inc. (NCMI) – What Are Researchers Thinking About This Stock?

National CineMedia, Inc. (NASDAQ:NCMI) has been given an average rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $4.20.

Several brokerages have recently commented on NCMI. Zacks Research raised National CineMedia from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. National Bank Financial set a $1.75 target price on shares of National CineMedia in a research note on Monday. Barrington Research set a $4.25 price target on shares of National CineMedia in a report on Wednesday, August 12th. Wall Street Zen raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Weiss Ratings lowered National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th.

Insider Buying and Selling

In related news, insider Maria Woods sold 12,189 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $2.09, for a total value of $25,475.01. Following the transaction, the insider owned 176,806 shares in the company, valued at approximately $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Several institutional investors have recently bought and sold shares of NCMI. Bank of New York Mellon Corp raised its stake in shares of National CineMedia by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 673,310 shares of the business services provider’s stock valued at $2,054,000 after acquiring an additional 10,550 shares in the last quarter. NewEdge Advisors LLC bought a new position in National CineMedia in the 1st quarter worth approximately $44,000. Sequoia Financial Advisors LLC acquired a new position in shares of National CineMedia during the second quarter worth approximately $60,000. Renaissance Technologies LLC acquired a new position in shares of National CineMedia during the first quarter worth approximately $59,000. Finally, Bank of America Corp DE lifted its holdings in shares of National CineMedia by 38.7% during the first quarter. Bank of America Corp DE now owns 74,983 shares of the business services provider’s stock worth $229,000 after buying an additional 20,928 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors.

National CineMedia Price Performance

NASDAQ:NCMI opened at $1.50 on Wednesday. The business’s 50-day moving average price is $2.20 and its 200 day moving average price is $3.15. The firm has a market cap of $141.14 million, a P/E ratio of -16.72 and a beta of 1.75. National CineMedia has a 52-week low of $1.43 and a 52-week high of $4.43. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $58.40 million during the quarter, compared to analyst estimates of $59.34 million. As a group, sell-side analysts predict that National CineMedia will post 0.17 earnings per share for the current fiscal year.

About National CineMedia

National CineMedia, Inc (NASDAQ: NCMI) is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment.

Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.