B. Riley Cuts National CineMedia (NASDAQ:NCMI) Price Target to $4.00

National CineMedia (NASDAQ:NCMI) had its target price trimmed by B. Riley from $5.00 to $4.00 in a report released on Thursday, Marketbeat reports. The firm currently has a neutral rating on the business services provider’s stock.

NCMI has been the subject of a number of other reports. Wall Street Zen raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Wedbush reaffirmed an “outperform” rating and set a $6.00 target price (down previously from $7.00) on shares of National CineMedia in a research note on Friday, October 31st. Benchmark dropped their price target on shares of National CineMedia from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Weiss Ratings restated a “sell (d-)” rating on shares of National CineMedia in a report on Monday, December 29th. Finally, Barrington Research lowered their price objective on shares of National CineMedia from $7.00 to $6.50 and set an “outperform” rating for the company in a research report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, National CineMedia presently has a consensus rating of “Hold” and a consensus price target of $6.00.

National CineMedia Stock Down 1.8%

NCMI stock opened at $3.75 on Thursday. National CineMedia has a 52-week low of $3.68 and a 52-week high of $7.25. The stock has a market cap of $351.86 million, a price-to-earnings ratio of -25.00 and a beta of 1.35. The business has a fifty day moving average of $3.98 and a two-hundred day moving average of $4.32.

National CineMedia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were issued a $0.03 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.2%. National CineMedia’s payout ratio is -80.00%.

Insiders Place Their Bets

In other National CineMedia news, EVP Maria Vg Woods sold 9,043 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $3.89, for a total transaction of $35,177.27. Following the sale, the executive vice president directly owned 129,330 shares in the company, valued at $503,093.70. This represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On National CineMedia

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its stake in shares of National CineMedia by 2.2% in the second quarter. American Century Companies Inc. now owns 145,233 shares of the business services provider’s stock valued at $704,000 after acquiring an additional 3,110 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in National CineMedia by 103.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after purchasing an additional 6,549 shares during the period. Strs Ohio acquired a new stake in National CineMedia in the 1st quarter valued at about $43,000. Quantbot Technologies LP acquired a new stake in National CineMedia in the 3rd quarter valued at about $34,000. Finally, Legal & General Group Plc boosted its stake in shares of National CineMedia by 137.1% in the 2nd quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock valued at $69,000 after buying an additional 8,285 shares during the period. Institutional investors and hedge funds own 69.49% of the company’s stock.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.