National CineMedia, Inc. (NASDAQ:NCMI) Given Average Recommendation of “Hold” by Brokerages

National CineMedia, Inc. (NASDAQ:NCMI) has earned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $9.50.

NCMI has been the subject of a number of recent research reports. TheStreet raised shares of Rent-A-Center from a “c” rating to a “b-” rating in a research report on Tuesday, May 7th. Barrington Research reissued a “market perform” rating on shares of National CineMedia in a research report on Friday, May 17th. ValuEngine raised shares of XOMA from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd.

Shares of NCMI stock traded up $0.07 during mid-day trading on Friday, reaching $7.07. 267,211 shares of the company’s stock traded hands, compared to its average volume of 382,133. National CineMedia has a 12 month low of $5.88 and a 12 month high of $10.94. The firm’s 50 day moving average price is $6.64. The stock has a market cap of $552.78 million, a price-to-earnings ratio of 19.11 and a beta of 0.75.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. National CineMedia had a net margin of 6.98% and a negative return on equity of 33.32%. The firm had revenue of $76.90 million during the quarter, compared to the consensus estimate of $82.43 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts forecast that National CineMedia will post 0.44 EPS for the current year.

A number of institutional investors have recently modified their holdings of NCMI. JPMorgan Chase & Co. grew its holdings in shares of National CineMedia by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 149,768 shares of the business services provider’s stock worth $1,587,000 after purchasing an additional 46,700 shares during the last quarter. Rhumbline Advisers boosted its holdings in National CineMedia by 42.8% in the fourth quarter. Rhumbline Advisers now owns 112,376 shares of the business services provider’s stock valued at $728,000 after acquiring an additional 33,674 shares during the last quarter. SG Americas Securities LLC bought a new position in National CineMedia in the fourth quarter valued at about $65,000. First Trust Advisors LP boosted its holdings in National CineMedia by 18.7% in the fourth quarter. First Trust Advisors LP now owns 112,774 shares of the business services provider’s stock valued at $731,000 after acquiring an additional 17,785 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in National CineMedia by 2.4% in the fourth quarter. BlackRock Inc. now owns 5,271,174 shares of the business services provider’s stock valued at $34,157,000 after acquiring an additional 125,168 shares during the last quarter. 90.18% of the stock is owned by institutional investors.

About National CineMedia

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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