BidaskClub downgraded shares of National CineMedia (NASDAQ:NCMI) from a strong-buy rating to a buy rating in a report published on Tuesday morning, BidAskClub reports.

Several other research analysts have also recently commented on the company. ValuEngine cut National CineMedia from a hold rating to a sell rating in a research note on Friday, May 24th. B. Riley set a $10.00 price target on National CineMedia and gave the stock a buy rating in a research note on Wednesday, August 21st. Wedbush upgraded National CineMedia from a neutral rating to an outperform rating and set a $8.00 price target on the stock in a research note on Wednesday, June 19th. Finally, Zacks Investment Research upgraded National CineMedia from a hold rating to a buy rating and set a $9.25 price target on the stock in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. National CineMedia currently has an average rating of Hold and a consensus price target of $9.81.

NASDAQ:NCMI opened at $8.50 on Tuesday. National CineMedia has a one year low of $5.88 and a one year high of $10.94. The business’s 50-day simple moving average is $7.61 and its 200 day simple moving average is $7.21. The stock has a market cap of $667.33 million, a price-to-earnings ratio of 17.98 and a beta of 0.71.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, August 5th. The business services provider reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. National CineMedia had a negative return on equity of 36.78% and a net margin of 8.12%. The business had revenue of $110.20 million for the quarter, compared to analysts’ expectations of $113.07 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts expect that National CineMedia will post 0.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 8.00%. The ex-dividend date of this dividend was Wednesday, August 14th. National CineMedia’s dividend payout ratio is currently 183.78%.

In other news, major shareholder General L.P. Standard acquired 30,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of $7.07 per share, with a total value of $212,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders purchased 527,000 shares of company stock valued at $4,001,060. 3.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in NCMI. Acadian Asset Management LLC bought a new stake in National CineMedia in the second quarter valued at about $32,000. Chicago Equity Partners LLC bought a new stake in National CineMedia in the second quarter valued at about $70,000. Bank of Montreal Can increased its holdings in National CineMedia by 98.7% in the second quarter. Bank of Montreal Can now owns 10,883 shares of the business services provider’s stock valued at $72,000 after buying an additional 5,406 shares during the last quarter. Meitav Dash Investments Ltd. bought a new stake in National CineMedia in the first quarter valued at about $120,000. Finally, BNP Paribas Arbitrage SA increased its holdings in National CineMedia by 86.2% in the first quarter. BNP Paribas Arbitrage SA now owns 19,046 shares of the business services provider’s stock valued at $134,000 after buying an additional 8,819 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

National CineMedia Company Profile

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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