ValuEngine upgraded shares of National CineMedia (NASDAQ:NCMI) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

Other equities research analysts have also recently issued reports about the company. B. Riley reissued a buy rating and issued a $14.00 price objective on shares of National CineMedia in a research report on Saturday, August 12th. Zacks Investment Research raised National CineMedia from a sell rating to a hold rating in a research report on Saturday, August 12th. J P Morgan Chase & Co cut National CineMedia from a neutral rating to an underweight rating and set a $5.00 target price for the company. in a research report on Wednesday, November 8th. Finally, 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 research report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $7.90.

Shares of National CineMedia (NASDAQ:NCMI) traded up $0.04 during trading on Friday, reaching $6.29. The company’s stock had a trading volume of 496,879 shares, compared to its average volume of 841,764. The company has a market capitalization of $490.63, a PE ratio of 20.16, a P/E/G ratio of 2.39 and a beta of 0.63. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71. National CineMedia has a 52-week low of $5.12 and a 52-week high of $15.80.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Monday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $108.21 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. analysts expect that National CineMedia will post 0.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.88 annualized dividend and a yield of 13.99%. National CineMedia’s dividend payout ratio is currently 266.67%.

In other National CineMedia news, major shareholder Amc Starplex, Llc sold 2,800,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $6.49, for a total transaction of $18,172,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $73,080,000.00. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

Several large investors have recently made changes to their positions in NCMI. Citigroup Inc. boosted its holdings in National CineMedia by 3.5% during the second quarter. Citigroup Inc. now owns 25,190 shares of the business services provider’s stock worth $187,000 after buying an additional 844 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in National CineMedia by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 50,503 shares of the business services provider’s stock worth $375,000 after buying an additional 2,341 shares during the last quarter. Denver Investment Advisors LLC boosted its holdings in National CineMedia by 7.9% during the second quarter. Denver Investment Advisors LLC now owns 39,205 shares of the business services provider’s stock worth $291,000 after buying an additional 2,875 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in National CineMedia by 3.4% during the first quarter. Goldman Sachs Group Inc. now owns 109,545 shares of the business services provider’s stock worth $1,384,000 after buying an additional 3,566 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in National CineMedia by 14.2% during the second quarter. Voya Investment Management LLC now owns 33,589 shares of the business services provider’s stock worth $249,000 after buying an additional 4,171 shares during the last quarter. Institutional investors own 86.40% of the company’s stock.

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National CineMedia Company Profile

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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