National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report)'s stock price rose 2.9% during trading on Monday . The stock traded as high as $5.75 and last traded at $5.77. Approximately 154,547 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 606,782 shares. The stock had previously closed at $5.61.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on NCMI shares. StockNews.com upgraded shares of National CineMedia from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Benchmark reiterated a "buy" rating and issued a $8.00 price target on shares of National CineMedia in a research note on Friday, March 7th. Wedbush raised National CineMedia from a "neutral" rating to an "outperform" rating and set a $7.50 price target for the company in a report on Friday, March 14th. Barrington Research reaffirmed an "outperform" rating and issued a $7.00 price objective on shares of National CineMedia in a research note on Friday, March 14th. Finally, William Blair reissued a "neutral" rating and set a $7.50 target price on shares of National CineMedia in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, National CineMedia has a consensus rating of "Moderate Buy" and a consensus target price of $7.70.
Check Out Our Latest Analysis on National CineMedia
National CineMedia Stock Down 3.9 %
The firm has a 50-day simple moving average of $6.39 and a 200 day simple moving average of $6.67. The stock has a market capitalization of $544.60 million, a P/E ratio of -22.88 and a beta of 2.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46.
National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 earnings per share (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 business had revenue of $86.30 million during the quarter, compared to analyst estimates of $84.77 million. On average, equities research analysts forecast that National CineMedia, Inc. will post -0.12 EPS for the current year.
National CineMedia Announces Dividend
The firm also recently disclosed a -- dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 24th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, March 24th. National CineMedia's dividend payout ratio is -52.17%.
Insider Activity at National CineMedia
In other National CineMedia news, major shareholder Blantyre Capital Ltd purchased 300,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $5.12 per share, for a total transaction of $1,536,000.00. Following the acquisition, the insider now owns 10,250,721 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On National CineMedia
Several institutional investors and hedge funds have recently made changes to their positions in NCMI. Summit Securities Group LLC acquired a new position in National CineMedia in the fourth quarter valued at approximately $53,000. BNP Paribas Financial Markets bought a new stake in shares of National CineMedia in the 4th quarter valued at $57,000. DRW Securities LLC acquired a new position in shares of National CineMedia during the 4th quarter valued at $73,000. Quarry LP bought a new position in National CineMedia during the fourth quarter worth $91,000. Finally, Ieq Capital LLC acquired a new stake in National CineMedia in the fourth quarter worth $93,000. Institutional investors own 69.49% of the company's stock.
About National CineMedia
(
Get Free Report)
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.
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