National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) has received an average rating of "Moderate Buy" from the five ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.20.
NCMI has been the topic of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and set a $7.50 target price on shares of National CineMedia in a research report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating and set a $8.00 target price on shares of National CineMedia in a research report on Friday, March 7th. B. Riley lowered National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 target price on the stock. in a research report on Friday, May 16th. Wall Street Zen lowered National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, William Blair reaffirmed a "neutral" rating and set a $7.50 target price on shares of National CineMedia in a research report on Friday, March 7th.
Get Our Latest Report on NCMI
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of National CineMedia by 3.1% during the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider's stock valued at $711,000 after buying an additional 3,219 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of National CineMedia by 375.7% during the fourth quarter. Renaissance Technologies LLC now owns 127,500 shares of the business services provider's stock valued at $847,000 after buying an additional 100,700 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of National CineMedia by 18.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,749 shares of the business services provider's stock valued at $178,000 after buying an additional 4,084 shares in the last quarter. Deutsche Bank AG grew its stake in National CineMedia by 122.4% in the fourth quarter. Deutsche Bank AG now owns 83,863 shares of the business services provider's stock valued at $557,000 after purchasing an additional 46,163 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in National CineMedia by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider's stock valued at $4,840,000 after purchasing an additional 7,218 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company's stock.
National CineMedia Price Performance
Shares of NCMI traded down $0.06 during midday trading on Friday, reaching $5.26. The stock had a trading volume of 491,877 shares, compared to its average volume of 651,183. National CineMedia has a 52 week low of $4.12 and a 52 week high of $7.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. The firm's 50 day moving average price is $5.45 and its 200-day moving average price is $6.15. The company has a market capitalization of $496.04 million, a P/E ratio of -21.04 and a beta of 2.12.
National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). The company had revenue of $34.90 million for the quarter, compared to analyst estimates of $35.13 million. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. On average, analysts forecast that National CineMedia will post -0.12 earnings per share for the current fiscal year.
National CineMedia Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.28%. National CineMedia's dividend payout ratio is -63.16%.
About National CineMedia
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Get Free ReportNational CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.
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