National CineMedia (NASDAQ:NCMI) Given New $1.50 Price Target at B. Riley

National CineMedia (NASDAQ:NCMI – Get Rating) had its price target reduced by B. Riley from $4.00 to $1.50 in a report issued on Tuesday morning, MarketBeat.com reports. They currently have a neutral rating on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Wedbush reaffirmed an outperform rating and set a $4.00 price target on shares of National CineMedia in a report on Tuesday, May 10th. StockNews.com began coverage on National CineMedia in a report on Thursday, March 31st. They set a sell rating on the stock.

NCMI opened at $1.07 on Tuesday. The business’s 50 day moving average is $1.61 and its 200-day moving average is $2.34. The stock has a market cap of $87.48 million, a PE ratio of -1.60 and a beta of 1.42. National CineMedia has a twelve month low of $0.92 and a twelve month high of $5.23.

National CineMedia (NASDAQ:NCMI – Get Rating) last released its quarterly earnings results on Monday, May 9th. The business services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $35.90 million during the quarter, compared to the consensus estimate of $33.45 million. The company’s revenue was up 564.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.25) earnings per share. On average, equities analysts forecast that National CineMedia will post -0.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 7th. Investors of record on Monday, May 23rd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, May 20th. This represents a $0.12 annualized dividend and a yield of 11.21%. National CineMedia’s payout ratio is -17.91%.

Several hedge funds and other institutional investors have recently bought and sold shares of NCMI. CastleKnight Management LP bought a new position in shares of National CineMedia in the fourth quarter valued at $1,418,000. Advisor Group Holdings Inc. increased its holdings in shares of National CineMedia by 110,702.9% in the first quarter. Advisor Group Holdings Inc. now owns 227,146 shares of the business services provider’s stock valued at $577,000 after buying an additional 226,941 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of National CineMedia by 167.1% in the third quarter. Goldman Sachs Group Inc. now owns 306,035 shares of the business services provider’s stock valued at $1,090,000 after buying an additional 191,454 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of National CineMedia by 6.0% in the first quarter. Vanguard Group Inc. now owns 3,121,904 shares of the business services provider’s stock valued at $7,930,000 after buying an additional 176,781 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of National CineMedia by 15.1% in the third quarter. Geode Capital Management LLC now owns 1,164,536 shares of the business services provider’s stock valued at $4,145,000 after buying an additional 152,356 shares in the last quarter.

National CineMedia Company Profile (Get Rating)

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It 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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