National CineMedia (NCMI) Rating Lowered to Hold at B. Riley

National CineMedia (NASDAQ:NCMI) was downgraded by research analysts at B. Riley to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $8.75 price objective on the business services provider’s stock. B. Riley’s price objective indicates a potential upside of 29.82% from the company’s current price.

NCMI has been the subject of a number of other reports. Zacks Investment Research upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. BidaskClub cut shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. cut shares of National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 target price for the company. in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.85.

National CineMedia (NCMI) traded up $0.15 during mid-day trading on Monday, hitting $6.74. 321,749 shares of the company traded hands, compared to its average volume of 489,419. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $517.33, a PE ratio of 20.09, a P/E/G ratio of 1.98 and a beta of 0.62. National CineMedia has a twelve month low of $5.12 and a twelve month high of $14.99.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $108.21 million. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. analysts predict that National CineMedia will post 0.3 EPS for the current fiscal year.

In related news, major shareholder General L.P. Standard bought 18,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $6.54 per share, with a total value of $120,990.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 810,940 shares of company stock worth $5,503,629 in the last ninety days. 5.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in National CineMedia by 6.0% during the second quarter. Vanguard Group Inc. now owns 5,199,463 shares of the business services provider’s stock worth $38,580,000 after buying an additional 292,797 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in National CineMedia during the second quarter worth $27,242,000. Oaktree Capital Management LP acquired a new stake in National CineMedia during the third quarter worth $25,301,000. Thompson Siegel & Walmsley LLC boosted its stake in National CineMedia by 12.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 3,054,599 shares of the business services provider’s stock worth $21,321,000 after buying an additional 346,952 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in National CineMedia by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,323,816 shares of the business services provider’s stock worth $17,243,000 after buying an additional 194,401 shares in the last quarter. Hedge funds and other institutional investors own 86.69% 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.

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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