National CineMedia (NASDAQ:NCMI) Lowered to Sell at ValuEngine

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ValuEngine downgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a report released on Monday morning, ValuEngine reports.

NCMI has been the topic of several other reports. Zacks Investment Research downgraded shares of National CineMedia from a buy rating to a hold rating in a research report on Saturday, September 28th. B. Riley set a $10.00 price objective on shares of National CineMedia and gave the company a buy rating in a research report on Wednesday, August 21st. BidaskClub downgraded shares of National CineMedia from a strong-buy rating to a buy rating in a research report on Saturday, October 26th. Finally, Benchmark raised their price objective on shares of National CineMedia from $10.00 to $12.00 and gave the company a buy rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. National CineMedia presently has a consensus rating of Hold and a consensus price target of $9.70.

Shares of NCMI stock traded up $0.02 on Monday, hitting $7.60. 329,600 shares of the stock traded hands, compared to its average volume of 356,774. The firm has a market cap of $558.65 million, a price-to-earnings ratio of 20.54 and a beta of 0.70. National CineMedia has a 52 week low of $5.64 and a 52 week high of $8.93. The firm has a 50 day simple moving average of $8.31 and a two-hundred day simple moving average of $7.43.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, November 4th. The business services provider reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The firm had revenue of $110.50 million for the quarter, compared to the consensus estimate of $118.75 million. National CineMedia had a net margin of 7.66% and a negative return on equity of 32.44%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. Analysts forecast that National CineMedia will post 0.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.68 annualized dividend and a yield of 8.95%. National CineMedia’s payout ratio is 183.78%.

In related news, major shareholder General L.P. Standard bought 212,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average cost of $7.78 per share, with a total value of $1,649,360.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 527,000 shares of company stock valued at $4,001,060 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC grew its stake in shares of National CineMedia by 18.6% in the 2nd quarter. Aptus Capital Advisors LLC now owns 74,700 shares of the business services provider’s stock worth $490,000 after buying an additional 11,700 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of National CineMedia in the 2nd quarter worth $70,000. Supplemental Annuity Collective Trust of NJ grew its stake in shares of National CineMedia by 5.7% in the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 74,000 shares of the business services provider’s stock worth $485,000 after buying an additional 4,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of National CineMedia by 6.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,150 shares of the business services provider’s stock worth $572,000 after buying an additional 5,600 shares in the last quarter. Finally, BBT Capital Management LLC grew its stake in shares of National CineMedia by 394.6% in the 2nd quarter. BBT Capital Management LLC now owns 63,531 shares of the business services provider’s stock worth $417,000 after buying an additional 50,686 shares in the last quarter. 88.61% of the stock is owned by institutional investors.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-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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