National CineMedia (NASDAQ:NCMI) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.
A number of other equities research analysts have also weighed in on NCMI. Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Benchmark reaffirmed a “buy” rating and set a $10.00 price target (down from $12.00) on shares of National CineMedia in a report on Tuesday, March 13th. ValuEngine raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. B. Riley raised shares of National CineMedia from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Monday, March 19th. Finally, Barrington Research reaffirmed a “hold” rating on shares of National CineMedia in a report on Monday, March 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.71.
NCMI opened at $8.40 on Thursday. The firm has a market cap of $676.27 million, a P/E ratio of 21.00 and a beta of 0.61. National CineMedia has a twelve month low of $5.09 and a twelve month high of $8.61. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of -11.19.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $80.20 million during the quarter, compared to analyst estimates of $75.18 million. National CineMedia had a net margin of 0.83% and a negative return on equity of 53.20%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS. equities analysts forecast that National CineMedia will post 0.38 earnings per share for the current year.
In other National CineMedia news, major shareholder Amc Starplex, Llc sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $7.23, for a total transaction of $7,230,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder General L.P. Standard acquired 297,600 shares of the firm’s stock in a transaction on Thursday, June 7th. The shares were bought at an average cost of $7.32 per share, with a total value of $2,178,432.00. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the business. HPM Partners LLC acquired a new position in National CineMedia during the 4th quarter worth $110,000. MetLife Investment Advisors LLC acquired a new position in National CineMedia during the 4th quarter worth $113,000. Delpha Capital Management LLC lifted its position in shares of National CineMedia by 181.4% in the 1st quarter. Delpha Capital Management LLC now owns 19,914 shares of the business services provider’s stock worth $103,000 after buying an additional 12,836 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of National CineMedia in the 4th quarter worth about $149,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of National CineMedia in the 1st quarter worth about $115,000. 81.91% of the stock is owned by institutional investors.
About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.
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