National CineMedia, Inc. (NASDAQ:NCMI) Given Average Rating of “Hold” by Brokerages
National CineMedia, Inc. (NASDAQ:NCMI) has been given an average rating of “Hold” by the ten research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.26.
NCMI has been the subject of a number of analyst reports. J P Morgan Chase & Co lowered National CineMedia from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $12.00 in a report on Monday, May 15th. B. Riley restated a “buy” rating and set a $14.00 target price on shares of National CineMedia in a report on Friday, May 12th. Barrington Research lowered National CineMedia from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Finally, Credit Suisse Group upgraded National CineMedia from an “underperform” rating to a “neutral” rating and lowered their target price for the stock from $13.00 to $12.00 in a report on Wednesday, March 15th.
A number of hedge funds have recently bought and sold shares of the company. Stevens Capital Management LP acquired a new position in shares of National CineMedia during the first quarter worth about $138,000. NJ State Employees Deferred Compensation Plan acquired a new position in shares of National CineMedia during the first quarter worth about $505,000. Russell Investments Group Ltd. acquired a new position in shares of National CineMedia during the fourth quarter worth about $710,000. State Street Corp increased its position in shares of National CineMedia by 5.5% in the fourth quarter. State Street Corp now owns 1,333,819 shares of the business services provider’s stock worth $19,649,000 after buying an additional 69,689 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of National CineMedia by 3.4% in the fourth quarter. Renaissance Technologies LLC now owns 547,600 shares of the business services provider’s stock worth $8,066,000 after buying an additional 17,800 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.
National CineMedia (NCMI) opened at 7.21 on Tuesday. The company has a market cap of $436.89 million, a price-to-earnings ratio of 17.67 and a beta of 0.64. National CineMedia has a 12 month low of $7.12 and a 12 month high of $16.10. The stock has a 50 day moving average price of $7.56 and a 200 day moving average price of $11.78.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $71.90 million during the quarter, compared to analysts’ expectations of $73.82 million. National CineMedia had a net margin of 5.57% and a negative return on equity of 17.15%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. Analysts anticipate that National CineMedia will post $0.32 earnings per share for the current fiscal year.
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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