Analysts Set National CineMedia, Inc. (NASDAQ:NCMI) Price Target at $7.00

Shares of National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) have received a consensus rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.90.

A number of research firms have issued reports on NCMI. B. Riley downgraded shares of National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 price objective on the stock. in a report on Friday, May 16th. Wedbush set a $7.00 price objective on shares of National CineMedia and gave the company an "outperform" rating in a research note on Monday. Benchmark cut their target price on National CineMedia from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Finally, Wall Street Zen downgraded National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th.

National CineMedia Stock Performance

Shares of NASDAQ NCMI traded down $0.22 during trading on Monday, hitting $4.48. 452,502 shares of the company traded hands, compared to its average volume of 684,201. The business's fifty day moving average is $4.99 and its 200 day moving average is $5.68. The firm has a market capitalization of $421.99 million, a price-to-earnings ratio of -21.36 and a beta of 2.14. National CineMedia has a fifty-two week low of $4.12 and a fifty-two week high of $7.60.

National CineMedia (NASDAQ:NCMI - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The business services provider reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). National CineMedia had a negative return on equity of 3.42% and a negative net margin of 8.62%. The firm had revenue of $51.80 million during the quarter, compared to the consensus estimate of $59.45 million. On average, analysts predict that National CineMedia will post -0.12 EPS for the current year.

National CineMedia Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 15th. National CineMedia's dividend payout ratio (DPR) is currently -63.16%.

Insider Activity at National CineMedia

In other news, EVP Maria Vg Woods sold 9,038 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $4.82, for a total value of $43,563.16. Following the completion of the transaction, the executive vice president directly owned 111,246 shares in the company, valued at approximately $536,205.72. This represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Hedge Funds Weigh In On National CineMedia

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in shares of National CineMedia by 18.6% during the 4th quarter. American Century Companies Inc. now owns 132,663 shares of the business services provider's stock valued at $881,000 after purchasing an additional 20,788 shares in the last quarter. Wellington Management Group LLP lifted its position in National CineMedia by 4.8% during the fourth quarter. Wellington Management Group LLP now owns 2,923,516 shares of the business services provider's stock valued at $19,412,000 after buying an additional 132,895 shares during the period. Trexquant Investment LP bought a new stake in shares of National CineMedia during the 4th quarter valued at $988,000. Landscape Capital Management L.L.C. purchased a new stake in shares of National CineMedia in the 4th quarter worth about $760,000. Finally, Wells Fargo & Company MN boosted its stake in National CineMedia by 25.8% during the fourth quarter. Wells Fargo & Company MN now owns 40,931 shares of the business services provider's stock worth $272,000 after acquiring an additional 8,390 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company's stock.

National CineMedia Company Profile

National 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.