National CineMedia Inc. (NASDAQ:NCMI) fell 1.5% during trading on Wednesday . The company traded as low as $14.41 and last traded at $14.53, with a volume of 111,780 shares traded. The stock had previously closed at $14.75.

A number of brokerages recently commented on NCMI. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. B. Riley restated a “buy” rating and set a $18.75 price objective (down from $20.00) on shares of National CineMedia in a report on Tuesday, August 9th. Credit Suisse Group AG assumed coverage on shares of National CineMedia in a research report on Monday, June 13th. They issued an “outperform” rating and a $21.00 target price for the company. FBR & Co reaffirmed a “buy” rating on shares of National CineMedia in a research report on Thursday, May 26th. Finally, Stifel Nicolaus downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.56.

The company’s 50-day moving average price is $15.09 and its 200 day moving average price is $14.83. The stock has a market capitalization of $867.62 million, a P/E ratio of 52.16 and a beta of 0.36.

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National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, August 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. National CineMedia had a net margin of 3.82% and a negative return on equity of 12.56%. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $115.52 million. During the same quarter in the previous year, the firm earned $0.17 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. On average, analysts expect that National CineMedia Inc. will post $0.40 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 25th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.07%. National CineMedia’s payout ratio is presently 314.29%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in National CineMedia during the fourth quarter worth about $9,293,000. Bank of Montreal Can bought a new position in National CineMedia during the second quarter worth about $6,764,000. State of New Jersey Common Pension Fund D increased its position in National CineMedia by 96.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 610,000 shares of the company’s stock worth $9,443,000 after buying an additional 300,000 shares during the last quarter. Mondrian Investment Partners LTD increased its position in National CineMedia by 9,163.0% in the first quarter. Mondrian Investment Partners LTD now owns 261,218 shares of the company’s stock worth $3,973,000 after buying an additional 258,398 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in National CineMedia by 10.2% in the first quarter. Wellington Management Group LLP now owns 2,443,768 shares of the company’s stock worth $37,169,000 after buying an additional 226,207 shares during the last quarter. Institutional investors own 93.23% of the company’s stock.

About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. The Company is engaged in advertising business.

5 Day Chart for NASDAQ:NCMI

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