National CineMedia, Inc. (NCMI) – What Are Brokerages Thinking About This Stock?

National CineMedia, Inc. (NASDAQ:NCMI) has been given a consensus rating of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $4.81.

NCMI has been the subject of a number of recent research reports. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Wall Street Zen lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. Barrington Research set a $4.25 target price on shares of National CineMedia in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, Wedbush set a $5.00 price objective on National CineMedia and gave the company an “outperform” rating in a research note on Wednesday, August 12th.

National CineMedia Price Performance

Shares of NCMI stock opened at $2.12 on Friday. National CineMedia has a 12 month low of $1.99 and a 12 month high of $4.56. The company has a market capitalization of $198.81 million, a P/E ratio of -23.55 and a beta of 1.61. The stock has a 50 day moving average of $2.63 and a two-hundred day moving average of $3.19. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.04.

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

Insider Buying and Selling

In other National CineMedia news, insider Maria Woods sold 12,189 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $2.09, for a total value of $25,475.01. Following the sale, the insider directly owned 176,806 shares in the company, valued at $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National CineMedia

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in National CineMedia by 16.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock valued at $12,237,000 after purchasing an additional 444,984 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in National CineMedia during the second quarter worth about $2,653,000. Luxor Capital Group LP grew its stake in 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 worth $5,553,000 after buying an additional 691,879 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of National CineMedia by 682.4% during the second quarter. Citadel Advisors LLC now owns 278,577 shares of the business services provider’s stock worth $1,059,000 after buying an additional 242,970 shares in the last quarter. Finally, Zazove Associates LLC increased its holdings in shares of National CineMedia by 78.3% during the first quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock worth $1,400,000 after buying an additional 201,564 shares in the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc (NASDAQ:NCMI) is a media company focused on advertising and entertainment in movie theaters. Through its Noovie pre-show network, the company delivers advertising, branded content, movie-related entertainment and other programming to audiences before films begin.

National CineMedia sells and distributes national, regional and local advertising campaigns across participating cinema locations in the United States. Its offerings can include on-screen video advertising, interactive promotions, lobby advertising and other theater-based marketing programs designed to connect brands with moviegoers.

The company was established in 2005 and became a publicly traded company in 2007.