National CineMedia (NCMI) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other analysts have also recently issued reports on the company. B. Riley cut National CineMedia to a hold rating and set a $8.75 target price for the company. in a report on Monday, January 29th. Zacks Investment Research upgraded National CineMedia from a sell rating to a hold rating in a report on Wednesday, January 24th. ValuEngine upgraded National CineMedia from a sell rating to a hold rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. cut National CineMedia from a neutral rating to an underweight rating and set a $5.00 price target for the company. in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $7.85.

Shares of National CineMedia (NASDAQ NCMI) opened at $6.60 on Monday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71. The stock has a market capitalization of $540.88, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.08 and a beta of 0.52. National CineMedia has a twelve month low of $5.12 and a twelve month high of $14.13.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The company had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $108.21 million. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. equities research analysts anticipate that National CineMedia will post 0.3 earnings per share for the current year.

In other news, major shareholder General L.P. Standard bought 18,500 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average cost of $6.54 per share, for a total transaction of $120,990.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have purchased a total of 810,940 shares of company stock valued at $5,503,629 over the last 90 days. 5.40% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Skylands Capital LLC raised its position in National CineMedia by 41.1% in the 3rd quarter. Skylands Capital LLC now owns 812,150 shares of the business services provider’s stock valued at $5,669,000 after purchasing an additional 236,400 shares in the last quarter. River Road Asset Management LLC acquired a new stake in National CineMedia in the 3rd quarter valued at about $11,035,000. Western Standard LLC raised its position in National CineMedia by 375.6% in the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock valued at $6,138,000 after purchasing an additional 694,446 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in National CineMedia in the 3rd quarter valued at about $25,301,000. Finally, UBS Asset Management Americas Inc. raised its position in National CineMedia by 94.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 39,946 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 19,365 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

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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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