National CineMedia, Inc. (NASDAQ:NCMI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $7.70.

Several research analysts have commented on the stock. Barrington Research dropped their price objective on shares of National CineMedia from $8.25 to $7.00 and set an "outperform" rating for the company in a research note on Friday. StockNews.com upgraded shares of National CineMedia from a "sell" rating to a "hold" rating in a report on Tuesday. Benchmark reissued a "buy" rating and issued a $8.00 price objective on shares of National CineMedia in a research note on Friday. Wedbush reaffirmed a "neutral" rating and set a $7.50 target price on shares of National CineMedia in a research note on Wednesday, March 5th. Finally, William Blair reissued a "neutral" rating and set a $7.50 price target on shares of National CineMedia in a research note on Friday.

Insider Buying and Selling at National CineMedia

In related news, major shareholder Blantyre Capital Ltd purchased 300,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $5.12 per share, with a total value of $1,536,000.00. Following the completion of the purchase, the insider now owns 10,250,721 shares of the company's stock, valued at approximately $52,483,691.52. The trade was a 3.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maria Vg Woods sold 23,742 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the completion of the sale, the executive vice president now owns 66,987 shares of the company's stock, valued at $436,085.37. The trade was a 26.17 % decrease in their position. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Remove Ads

Hedge Funds Weigh In On National CineMedia

Several institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in National CineMedia in the fourth quarter worth about $53,000. BNP Paribas Financial Markets bought a new stake in shares of National CineMedia in the 4th quarter valued at about $57,000. DRW Securities LLC purchased a new position in shares of National CineMedia in the 4th quarter worth approximately $73,000. Quarry LP purchased a new position in shares of National CineMedia in the 4th quarter worth approximately $91,000. Finally, Intech Investment Management LLC bought a new position in shares of National CineMedia during the 3rd quarter worth approximately $97,000. Hedge funds and other institutional investors own 69.49% of the company's stock.

National CineMedia Price Performance

National CineMedia stock traded down $0.04 during mid-day trading on Friday, reaching $5.35. 968,943 shares of the company's stock traded hands, compared to its average volume of 640,559. National CineMedia has a 12-month low of $3.71 and a 12-month high of $7.60. The company has a market cap of $507.80 million, a price-to-earnings ratio of -21.40 and a beta of 2.19. The stock has a 50 day moving average of $6.59 and a two-hundred day moving average of $6.78. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The firm had revenue of $86.30 million during the quarter, compared to the consensus estimate of $84.77 million. Equities analysts forecast that National CineMedia will post -0.12 earnings per share for the current year.

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.