Shares of National CineMedia, Inc. (NASDAQ:NCMI) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.50.

Several brokerages have commented on NCMI. Zacks Investment Research raised shares of National CineMedia from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Thursday, May 9th. BidaskClub raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Wedbush reissued a “hold” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Tuesday, May 7th. Barrington Research reissued a “market perform” rating on shares of National CineMedia in a research report on Friday, May 17th. Finally, ValuEngine cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Friday, May 24th.

A number of hedge funds have recently modified their holdings of NCMI. ArrowMark Colorado Holdings LLC raised its holdings in shares of National CineMedia by 6.1% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 10,318,345 shares of the business services provider’s stock valued at $72,744,000 after purchasing an additional 594,918 shares in the last quarter. BlackRock Inc. raised its holdings in shares of National CineMedia by 2.4% in the 4th quarter. BlackRock Inc. now owns 5,271,174 shares of the business services provider’s stock valued at $34,157,000 after purchasing an additional 125,168 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of National CineMedia by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,760,120 shares of the business services provider’s stock valued at $19,459,000 after purchasing an additional 149,696 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of National CineMedia by 1.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,635,045 shares of the business services provider’s stock valued at $17,075,000 after purchasing an additional 31,126 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of National CineMedia by 0.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,970,000 shares of the business services provider’s stock valued at $13,889,000 after purchasing an additional 10,000 shares in the last quarter. 90.91% of the stock is owned by institutional investors.

NCMI stock traded down $0.13 during midday trading on Tuesday, hitting $6.31. The company’s stock had a trading volume of 184,296 shares, compared to its average volume of 276,875. National CineMedia has a 52-week low of $5.88 and a 52-week high of $10.94. The stock has a market capitalization of $498.29 million, a PE ratio of 15.39 and a beta of 0.81.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, May 6th. The business services provider reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. National CineMedia had a net margin of 6.98% and a negative return on equity of 33.32%. The company had revenue of $76.90 million during the quarter, compared to analysts’ expectations of $82.43 million. During the same quarter last year, the company posted ($0.03) EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that National CineMedia will post 0.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 16th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.68 annualized dividend and a yield of 10.78%. National CineMedia’s dividend payout ratio is presently 183.78%.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.

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