National CineMedia (NCMI) Upgraded at BidaskClub

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

A number of other research firms have also commented on NCMI. Credit Suisse Group reduced their target price on National CineMedia from $8.00 to $7.00 and set a neutral rating for the company in a report on Thursday, September 28th. Zacks Investment Research lowered National CineMedia from a hold rating to a sell rating in a report on Wednesday, October 11th. B. Riley lowered National CineMedia from a buy rating to a neutral rating and reduced their target price for the stock from $14.00 to $8.75 in a report on Tuesday, November 7th. JPMorgan Chase & Co. lowered National CineMedia from a neutral rating to an underweight rating and set a $5.00 target price for the company. in a report on Wednesday, November 8th. Finally, ValuEngine raised National CineMedia from a sell rating to a hold rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $7.90.

National CineMedia (NASDAQ NCMI) opened at $6.79 on Friday. National CineMedia has a 52-week low of $5.12 and a 52-week high of $15.25. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $584.84, a P/E ratio of 20.58, a P/E/G ratio of 2.85 and a beta of 0.62.

National CineMedia (NASDAQ:NCMI) last posted 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. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The company had revenue of $116.40 million during the quarter, compared to analyst estimates of $108.21 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts forecast that National CineMedia will post 0.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 12.96%. The ex-dividend date of this dividend was Wednesday, November 15th. National CineMedia’s payout ratio is 266.67%.

In other news, major shareholder General L.P. Standard purchased 210,320 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were purchased at an average cost of $6.97 per share, for a total transaction of $1,465,930.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $6.49, for a total value of $18,172,000.00. The disclosure for this sale can be found here. In the last three months, insiders acquired 795,940 shares of company stock valued at $5,399,529. Corporate insiders own 5.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its stake in shares of National CineMedia by 29.7% in the 3rd quarter. California Public Employees Retirement System now owns 265,872 shares of the business services provider’s stock worth $1,856,000 after buying an additional 60,872 shares during the last quarter. Oaktree Capital Management LP purchased a new position in shares of National CineMedia in the 3rd quarter worth $25,301,000. Western Standard LLC boosted its stake in shares of National CineMedia by 375.6% in the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock worth $6,138,000 after buying an additional 694,446 shares during the last quarter. NWQ Investment Management Company LLC boosted its stake in shares of National CineMedia by 18.0% in the 3rd quarter. NWQ Investment Management Company LLC now owns 535,485 shares of the business services provider’s stock worth $3,738,000 after buying an additional 81,605 shares during the last quarter. Finally, Vivaldi Asset Management LLC boosted its stake in shares of National CineMedia by 244.1% in the 3rd quarter. Vivaldi Asset Management LLC now owns 667,110 shares of the business services provider’s stock worth $4,656,000 after buying an additional 473,232 shares during the last quarter. Hedge funds and other institutional investors own 86.37% 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.

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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