National CineMedia (NCMI) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a research report released on Friday.

Other research analysts also recently issued reports about the stock. B. Riley set a $9.00 price target on shares of National CineMedia and gave the stock a hold rating in a research report on Tuesday, November 14th. J P Morgan Chase & Co downgraded shares of National CineMedia from a neutral rating to an underweight rating and set a $5.00 price target on the stock. in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of National CineMedia from a hold rating to a sell rating in a research report on Saturday, November 4th. Finally, Credit Suisse Group decreased their price target on shares of National CineMedia from $8.00 to $7.00 and set a neutral rating on the stock in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. National CineMedia currently has a consensus rating of Hold and an average target price of $7.90.

Shares of National CineMedia (NASDAQ NCMI) traded up $0.32 during trading on Friday, reaching $6.61. 894,800 shares of the company were exchanged, compared to its average volume of 694,841. The company has a market capitalization of $493.77, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. National CineMedia has a 12 month low of $5.12 and a 12 month high of $15.80. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of -14.71.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The company had revenue of $116.40 million for the quarter, compared to the consensus estimate of $108.21 million. National CineMedia had a net margin of 4.81% and a negative return on equity of 21.45%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. equities research analysts predict that National CineMedia will post 0.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, November 15th. This represents a $0.88 annualized dividend and a dividend yield of 13.31%. National CineMedia’s payout ratio is 266.67%.

In other news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $6.49, for a total transaction of $18,172,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder American Multi-Cinema, Inc. sold 12,000,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $6.09, for a total transaction of $73,080,000.00. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of National CineMedia during the 2nd quarter valued at $1,135,000. Thompson Siegel & Walmsley LLC raised its position in shares of National CineMedia by 238.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock valued at $20,091,000 after purchasing an additional 1,907,741 shares during the period. Engineers Gate Manager LP raised its position in shares of National CineMedia by 74.8% during the 2nd quarter. Engineers Gate Manager LP now owns 91,122 shares of the business services provider’s stock valued at $676,000 after purchasing an additional 38,984 shares during the period. Vivaldi Asset Management LLC purchased a new position in National CineMedia during the second quarter valued at $1,439,000. Finally, Skylands Capital LLC grew its stake in National CineMedia by 41.1% during the third quarter. Skylands Capital LLC now owns 812,150 shares of the business services provider’s stock valued at $5,669,000 after acquiring an additional 236,400 shares in the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

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About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

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

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