National CineMedia, Inc. (NASDAQ:NCMI) Given Consensus Rating of “Hold” by Brokerages

National CineMedia, Inc. (NASDAQ:NCMI) has earned an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.3750.

A number of equities analysts have commented on the company. Wall Street Zen upgraded National CineMedia from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings cut National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. 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 report on Tuesday, May 12th.

Insider Transactions at National CineMedia

In other news, insider Maria Vg Woods sold 12,058 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total transaction of $45,458.66. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Trading of National CineMedia

Large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in National CineMedia during the 3rd quarter valued at about $34,000. Graham Capital Management L.P. bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $40,000. Strs Ohio acquired a new position in shares of National CineMedia during the first quarter worth approximately $43,000. NewEdge Advisors LLC acquired a new position in shares of National CineMedia during the first quarter worth approximately $44,000. Finally, Jump Financial LLC acquired a new position in shares of National CineMedia during the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Stock Performance

National CineMedia stock opened at $3.78 on Monday. The company has a market cap of $354.49 million, a PE ratio of -42.00 and a beta of 1.36. The company has a fifty day moving average price of $3.50 and a two-hundred day moving average price of $3.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82. National CineMedia has a 12 month low of $2.78 and a 12 month high of $5.14.

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

National CineMedia Dividend Announcement

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

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.