Brokerages Set National CineMedia, Inc. (NASDAQ:NCMI) Target Price at $4.81

National CineMedia, Inc. (NASDAQ:NCMI) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.8125.

A number of brokerages have weighed in on NCMI. Zacks Research raised shares of National CineMedia from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. Wall Street Zen downgraded shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Sunday, September 6th. Weiss Ratings raised shares of National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Barrington Research set a $4.25 target price on shares of National CineMedia in a report on Wednesday, August 12th. Finally, Wedbush set a $5.00 price target on shares of National CineMedia and gave the stock an “outperform” rating in a research report on Wednesday, August 12th.

Insider Buying and Selling at National CineMedia

In related news, insider Maria Woods sold 12,058 shares of National CineMedia stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the transaction, the insider directly owned 163,162 shares in the company, valued at $615,120.74. The trade was a 6.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National CineMedia

Several hedge funds have recently modified their holdings of NCMI. Sequoia Financial Advisors LLC purchased a new position in National CineMedia in the 2nd quarter worth about $60,000. Citadel Advisors LLC lifted its stake in National CineMedia by 682.4% during the second quarter. Citadel Advisors LLC now owns 278,577 shares of the business services provider’s stock valued at $1,059,000 after buying an additional 242,970 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of National CineMedia by 16.0% in the second quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock worth $12,237,000 after buying an additional 444,984 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of National CineMedia in the second quarter worth about $2,653,000. Finally, Zazove Associates LLC increased its position in shares of National CineMedia by 78.3% in the first quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock worth $1,400,000 after acquiring an additional 201,564 shares in the last quarter. 69.49% of the stock is owned by hedge funds and other institutional investors.

National CineMedia Stock Up 0.4%

Shares of NCMI stock opened at $2.43 on Tuesday. National CineMedia has a 1 year low of $2.16 and a 1 year high of $5.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. The business’s fifty day moving average is $3.27 and its 200-day moving average is $3.35. The stock has a market cap of $227.89 million, a PE ratio of -27.00 and a beta of 1.37.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $58.40 million during the quarter, compared to analyst estimates of $59.34 million. National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. Equities analysts expect that National CineMedia will post 0.17 earnings per share for the current fiscal year.

About National CineMedia

National CineMedia, LLC (NASDAQ:NCMI) is a cinema advertising company that connects brands with moviegoers through advertising and entertainment content shown in movie theaters. Its core offering is the FirstLook pre-show, which combines national and local advertising with entertainment programming before feature films.

The company provides on-screen advertising, lobby promotions, digital and experiential marketing, and other cinema-based campaigns. Its services are designed to help national, regional and local advertisers reach audiences in a theatrical environment, often in coordination with movie releases and other entertainment events.

National CineMedia primarily serves the United States through relationships with cinema operators and theater locations across the country.