National CineMedia Inc. (NCMI) Trading Down 1.5%
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/national-cinemedia-inc-ncmi-trading-down-1-5.html
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.
Receive News & Ratings for National CineMedia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.