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

Shares of National CineMedia, Inc. (NASDAQ:NCMI) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $4.8125.

Several brokerages have issued reports on NCMI. Barrington Research set a $4.25 price target on shares of National CineMedia in a research report on Wednesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of National CineMedia in a report on Friday, August 7th. Zacks Research downgraded National CineMedia from a “hold” rating to a “strong sell” rating in a report on Tuesday. Wedbush set a $5.00 target price on National CineMedia and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded National CineMedia from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th.

Insider Buying and Selling at National CineMedia

In other news, insider Maria Vg Woods sold 12,058 shares of National CineMedia stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the transaction, the insider directly owned 163,162 shares of the company’s stock, valued at approximately $615,120.74. This trade represents a 6.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in National CineMedia in the first quarter valued at approximately $43,000. Quantbot Technologies LP acquired a new position in shares of National CineMedia during the third quarter worth approximately $34,000. Graham Capital Management L.P. acquired a new position in shares of National CineMedia during the fourth quarter worth approximately $40,000. BNP Paribas Financial Markets lifted its holdings in shares of National CineMedia by 103.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after purchasing an additional 6,549 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of National CineMedia in the 4th quarter worth $53,000. Institutional investors own 69.49% of the company’s stock.

National CineMedia Trading Up 20.7%

Shares of NCMI stock opened at $2.68 on Friday. The stock’s fifty day moving average price is $3.74 and its two-hundred day moving average price is $3.50. The company has a market cap of $251.33 million, a PE ratio of -29.77 and a beta of 1.38. National CineMedia has a fifty-two week low of $2.16 and a fifty-two week high of $5.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.82 and a current ratio of 1.82.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.29%. The company had revenue of $58.40 million during the quarter, compared to analyst estimates of $59.34 million. Equities analysts predict that National CineMedia will post -0.01 EPS for the current fiscal year.

About National CineMedia

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.