National CineMedia Inc. (NASDAQ:NCMI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. They have long term exhibitor services agreements with our founding members, Cinemark and Regal, the three largest motion picture exhibition companies in the U.S.and multi year agreements with several other theatre operators whom they refer to as network affiliates. The network affiliate agreements grant them exclusive rights, subject to limited exceptions, to sell advertising on their theatre screens. “

A number of other analysts have also recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $18.75 target price on shares of National CineMedia in a research note on Sunday, November 13th. Benchmark Co. lifted their target price on shares of National CineMedia from $17.81 to $18.08 and gave the company a “buy” rating in a research note on Tuesday, November 8th. FBR & Co reduced their target price on shares of National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. Finally, Wedbush reiterated an “outperform” rating and issued a $17.50 target price (down from $19.00) on shares of National CineMedia in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. National CineMedia currently has an average rating of “Buy” and a consensus target price of $18.06.

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

National CineMedia (NASDAQ:NCMI) opened at 15.34 on Thursday. The firm’s 50-day moving average is $14.48 and its 200-day moving average is $14.85. National CineMedia has a 1-year low of $13.37 and a 1-year high of $16.33. The company has a market capitalization of $918.15 million, a P/E ratio of 53.08 and a beta of 0.87.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The business earned $113.50 million during the quarter, compared to analysts’ expectations of $114.52 million. National CineMedia had a net margin of 3.92% and a negative return on equity of 13.70%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. Equities research analysts predict that National CineMedia will post $0.42 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Wednesday, November 16th. National CineMedia’s dividend payout ratio is 314.30%.

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In other news, COO Alfonso P. Rosabal, Jr. sold 2,615 shares of National CineMedia stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $16.01, for a total value of $41,866.15. Following the transaction, the chief operating officer now owns 177,697 shares of the company’s stock, valued at $2,844,928.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.34% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in NCMI. Royal Bank of Canada raised its position in shares of National CineMedia by 36.9% in the second quarter. Royal Bank of Canada now owns 7,804 shares of the company’s stock worth $121,000 after buying an additional 2,102 shares during the period. Teacher Retirement System of Texas raised its position in shares of National CineMedia by 17.5% in the second quarter. Teacher Retirement System of Texas now owns 8,785 shares of the company’s stock worth $136,000 after buying an additional 1,311 shares during the period. Aperio Group LLC raised its position in shares of National CineMedia by 4.6% in the third quarter. Aperio Group LLC now owns 10,630 shares of the company’s stock worth $156,000 after buying an additional 466 shares during the period. Quantitative Systematic Strategies LLC raised its position in shares of National CineMedia by 17.0% in the second quarter. Quantitative Systematic Strategies LLC now owns 11,708 shares of the company’s stock worth $174,000 after buying an additional 1,699 shares during the period. Finally, Lucus Advisors LLC bought a new position in shares of National CineMedia during the third quarter worth about $191,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. The Company is engaged in advertising business.

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