National CineMedia (NASDAQ:NCMI) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of National CineMedia, Inc. (NASDAQ:NCMI) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.50 and traded as high as $3.97. National CineMedia shares last traded at $3.78, with a volume of 383,419 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NCMI shares. Weiss Ratings cut shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen raised National CineMedia from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Wedbush cut their price target on National CineMedia from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.38.

National CineMedia Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $354.49 million, a PE ratio of -42.00 and a beta of 1.36. The company has a 50 day moving average price of $3.50 and a 200 day moving average price of $3.50.

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

National CineMedia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, May 22nd. National CineMedia’s dividend payout ratio (DPR) is currently -133.33%.

Insider Buying and Selling at National CineMedia

In other news, insider Maria Vg Woods sold 12,058 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the sale, the insider owned 163,162 shares of the company’s stock, valued at approximately $615,120.74. The trade was a 6.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Several large investors have recently modified their holdings of NCMI. Orbis Allan Gray Ltd boosted its position in National CineMedia by 79.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 9,523,889 shares of the business services provider’s stock worth $37,048,000 after acquiring an additional 4,218,288 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of National CineMedia by 34.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider’s stock worth $27,742,000 after purchasing an additional 1,568,376 shares in the last quarter. Luxor Capital Group LP increased its holdings in shares of National CineMedia by 61.3% during the first quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider’s stock valued at $5,553,000 after purchasing an additional 691,879 shares during the period. Barclays PLC increased its holdings in shares of National CineMedia by 30.1% during the fourth quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock valued at $7,793,000 after purchasing an additional 463,112 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of National CineMedia by 17.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,774,325 shares of the business services provider’s stock valued at $8,003,000 after purchasing an additional 266,032 shares in the last quarter. Institutional investors own 69.49% of the company’s stock.

National CineMedia Company Profile

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.