National CineMedia, Inc. (NASDAQ:NCMI) Given Consensus Rating of “Hold” by Analysts

National CineMedia, Inc. (NASDAQ:NCMIGet Free Report) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $5.3750.

A number of analysts recently commented on the company. Wall Street Zen raised National CineMedia from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. 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. Finally, Wedbush decreased their price objective on shares of National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th.

View Our Latest Analysis on NCMI

National CineMedia Trading Up 2.9%

NCMI opened at $3.58 on Thursday. National CineMedia has a one year low of $2.78 and a one year high of $5.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82. The business has a 50 day simple moving average of $3.40 and a two-hundred day simple moving average of $3.52. The firm has a market capitalization of $335.73 million, a price-to-earnings ratio of -39.77 and a beta of 1.40.

National CineMedia (NASDAQ:NCMIGet Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.The firm had revenue of $34.00 million for the quarter, compared to analyst estimates of $32.92 million.

National CineMedia Announces Dividend

The business also recently declared 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. The ex-dividend date was Friday, May 22nd. This represents a $0.12 annualized dividend and a dividend yield of 3.4%. National CineMedia’s payout ratio is currently -133.33%.

Insider Transactions at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 12,066 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $3.04, for a total value of $36,680.64. Following the completion of the sale, the executive vice president directly owned 143,097 shares in the company, valued at $435,014.88. This trade represents a 7.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NCMI. Lunate Capital Ltd bought a new stake in shares of National CineMedia during the third quarter valued at approximately $36,740,000. Luxor Capital Group LP raised its holdings in National CineMedia by 29.2% in the third quarter. Luxor Capital Group LP now owns 1,074,058 shares of the business services provider’s stock worth $4,844,000 after purchasing an additional 242,450 shares in the last quarter. Graham Capital Management L.P. bought a new position in National CineMedia in the fourth quarter worth $40,000. Quantbot Technologies LP purchased a new position in National CineMedia during the third quarter valued at $34,000. Finally, Bank of America Corp DE lifted its position in 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 valued at $229,000 after buying an additional 20,928 shares during the period. Hedge funds and other institutional investors own 69.49% of the company’s stock.

About National CineMedia

(Get Free Report)

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.

Further Reading

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.com's FREE daily email newsletter.