National CineMedia (NCMI) Upgraded to Hold at ValuEngine

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ValuEngine upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

Other analysts have also recently issued research reports about the company. BidaskClub upgraded National CineMedia from a hold rating to a buy rating in a report on Friday, May 18th. Benchmark reiterated a buy rating and set a $10.00 target price (down previously from $12.00) on shares of National CineMedia in a report on Tuesday, March 13th. Zacks Investment Research upgraded National CineMedia from a sell rating to a hold rating in a report on Friday, March 16th. Barrington Research reiterated a hold rating on shares of National CineMedia in a report on Monday, March 19th. Finally, B. Riley upgraded National CineMedia from a neutral rating to a buy rating and set a $7.00 target price for the company in a report on Monday, March 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $7.29.

Shares of NASDAQ:NCMI opened at $8.22 on Thursday. The company has a debt-to-equity ratio of -11.19, a current ratio of 2.43 and a quick ratio of 2.43. National CineMedia has a 1 year low of $5.09 and a 1 year high of $8.37. The stock has a market cap of $643.88 million, a PE ratio of 20.55 and a beta of 0.61.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. National CineMedia had a negative return on equity of 53.20% and a net margin of 0.83%. The business had revenue of $80.20 million during the quarter, compared to analysts’ expectations of $75.18 million. During the same quarter in the previous year, the business earned ($0.02) EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. sell-side analysts forecast that National CineMedia will post 0.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 18th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date was Thursday, May 17th. National CineMedia’s payout ratio is 170.00%.

In other news, major shareholder General L.P. Standard purchased 297,600 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The shares were acquired at an average cost of $7.32 per share, with a total value of $2,178,432.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Amc Starplex, Llc sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $7.23, for a total value of $7,230,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of NCMI. Delpha Capital Management LLC raised its position in shares of National CineMedia by 181.4% during the 1st quarter. Delpha Capital Management LLC now owns 19,914 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 12,836 shares in the last quarter. HPM Partners LLC acquired a new stake in shares of National CineMedia during the 4th quarter valued at approximately $110,000. MetLife Investment Advisors LLC acquired a new stake in shares of National CineMedia during the 4th quarter valued at approximately $113,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of National CineMedia during the 1st quarter valued at approximately $115,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of National CineMedia during the 4th quarter valued at approximately $149,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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