National CineMedia (NASDAQ:NCMI)‘s stock had its “hold” rating restated by stock analysts at Barrington Research in a report released on Monday.
Several other research analysts have also issued reports on NCMI. ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of National CineMedia from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. B. Riley lowered shares of National CineMedia to a “hold” rating and set a $8.75 price target for the company. in a research note on Monday, January 29th. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of National CineMedia in a research note on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.92.
National CineMedia stock opened at $5.70 on Monday. The company has a debt-to-equity ratio of -14.71, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $449.03, a PE ratio of 285.00, a P/E/G ratio of 1.82 and a beta of 0.36. National CineMedia has a 12 month low of $5.12 and a 12 month high of $12.74.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, March 12th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The company had revenue of $140.70 million during the quarter, compared to analyst estimates of $144.48 million. National CineMedia had a net margin of 0.12% and a negative return on equity of 41.83%. National CineMedia’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. analysts anticipate that National CineMedia will post 0.31 earnings per share for the current year.
In other news, major shareholder General L.P. Standard acquired 888,513 shares of National CineMedia stock in a transaction on Tuesday, March 20th. The stock was acquired at an average cost of $5.72 per share, for a total transaction of $5,082,294.36. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 1,153,113 shares of company stock valued at $6,619,098. 5.40% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in NCMI. HPM Partners LLC bought a new stake in National CineMedia during the 4th quarter valued at about $110,000. MetLife Investment Advisors LLC purchased a new stake in shares of National CineMedia during the 4th quarter valued at about $113,000. Engineers Gate Manager LP purchased a new stake in shares of National CineMedia during the 4th quarter valued at about $119,000. Teacher Retirement System of Texas purchased a new stake in shares of National CineMedia during the 4th quarter valued at about $149,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of National CineMedia during the 4th quarter valued at about $165,000. Institutional investors and hedge funds own 87.11% 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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