National CineMedia, Inc. (NASDAQ:NCMI) Stock Has Consensus Price Target of $4.81

Shares of National CineMedia, Inc. (NASDAQ:NCMI) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.81.

A number of brokerages recently issued reports on NCMI. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. Wedbush set a $5.00 target price on shares of National CineMedia and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Barrington Research set a $4.25 price target on shares of National CineMedia in a research report on Wednesday, August 12th. Wall Street Zen cut shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. Finally, Weiss Ratings raised shares of National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st.

Insider Buying and Selling

In other National CineMedia news, insider Maria Woods sold 12,189 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $2.09, for a total value of $25,475.01. Following the sale, the insider owned 176,806 shares in the company, valued at approximately $369,524.54. The trade was a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On National CineMedia

Several institutional investors and hedge funds have recently made changes to their positions in NCMI. Bank of New York Mellon Corp bought a new stake in shares of National CineMedia during the second quarter worth about $2,653,000. Luxor Capital Group LP boosted its stake in National CineMedia by 61.3% during the 1st quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider’s stock valued at $5,553,000 after purchasing an additional 691,879 shares during the last quarter. Wellington Management Group LLP boosted its stake in National CineMedia by 16.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock valued at $12,237,000 after purchasing an additional 444,984 shares during the last quarter. Citadel Advisors LLC increased its holdings in National CineMedia by 682.4% during the 2nd quarter. Citadel Advisors LLC now owns 278,577 shares of the business services provider’s stock worth $1,059,000 after purchasing an additional 242,970 shares in the last quarter. Finally, Zazove Associates LLC raised its position in National CineMedia by 78.3% in the 1st quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock valued at $1,400,000 after buying an additional 201,564 shares during the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

National CineMedia Price Performance

Shares of NASDAQ:NCMI opened at $2.20 on Friday. The company has a market cap of $206.32 million, a price-to-earnings ratio of -24.44 and a beta of 1.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a 50 day simple moving average of $2.70 and a 200 day simple moving average of $3.21. National CineMedia has a one year low of $1.99 and a one year high of $4.56.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $58.40 million for the quarter, compared to the consensus estimate of $59.34 million. National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%. Research analysts predict that National CineMedia will post 0.17 earnings per share for the current fiscal year.

About National CineMedia

National CineMedia, Inc (NASDAQ:NCMI) is a media company focused on advertising and entertainment in movie theaters. Through its Noovie pre-show network, the company delivers advertising, branded content, movie-related entertainment and other programming to audiences before films begin.

National CineMedia sells and distributes national, regional and local advertising campaigns across participating cinema locations in the United States. Its offerings can include on-screen video advertising, interactive promotions, lobby advertising and other theater-based marketing programs designed to connect brands with moviegoers.

The company was established in 2005 and became a publicly traded company in 2007.