National CineMedia (NASDAQ:NCMI) Issues Earnings Results

National CineMedia (NASDAQ:NCMI) announced its quarterly earnings results on Tuesday. The business services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02), FiscalAI reports. National CineMedia had a negative net margin of 3.47% and a negative return on equity of 1.80%. The company had revenue of $58.40 million for the quarter, compared to analyst estimates of $59.34 million.

National CineMedia Stock Performance

NASDAQ NCMI traded down $0.16 during midday trading on Tuesday, hitting $3.79. The company had a trading volume of 692,941 shares, compared to its average volume of 406,373. The firm has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $3.51. National CineMedia has a fifty-two week low of $2.78 and a fifty-two week high of $5.03. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.03. The stock has a market cap of $355.43 million, a price-to-earnings ratio of -42.11 and a beta of 1.38.

Insider Activity at National CineMedia

In related news, insider Maria Vg Woods sold 12,058 shares of the 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 in the company, valued at approximately $615,120.74. This trade represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Several large investors have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd lifted its position in shares of National CineMedia by 79.5% in 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 raised 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 valued at $27,742,000 after purchasing an additional 1,568,376 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of National CineMedia by 0.3% in the third quarter. Vanguard Group Inc. now owns 4,519,377 shares of the business services provider’s stock valued at $20,382,000 after purchasing an additional 12,172 shares in the last quarter. Barclays PLC lifted its position in National CineMedia by 30.1% in the fourth quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock worth $7,793,000 after purchasing an additional 463,112 shares during the period. Finally, Geode Capital Management LLC lifted its position in National CineMedia by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,958,541 shares of the business services provider’s stock worth $7,621,000 after purchasing an additional 25,589 shares during the period. Institutional investors and hedge funds own 69.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NCMI shares. Wall Street Zen raised shares of National CineMedia from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Wedbush dropped their target price on shares of National CineMedia from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.38.

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.