National CineMedia Inc. (NASDAQ:NCMI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
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. “
NCMI has been the subject of several other research reports. B. Riley reiterated a “buy” rating and set a $18.75 target price (down previously from $20.00) on shares of National CineMedia in a research note on Tuesday, August 9th. Stifel Nicolaus downgraded shares of National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Wedbush reiterated an “outperform” rating and set a $17.50 target price (down previously from $19.00) on shares of National CineMedia in a research note on Wednesday, August 10th. Finally, FBR & Co decreased 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. National CineMedia has an average rating of “Buy” and an average target price of $17.72.
Shares of National CineMedia (NASDAQ:NCMI) opened at 14.07 on Tuesday. The stock has a market capitalization of $841.89 million, a price-to-earnings ratio of 50.61 and a beta of 0.43. The firm’s 50-day moving average price is $14.65 and its 200 day moving average price is $14.79. National CineMedia has a 1-year low of $13.47 and a 1-year high of $16.33.
National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.03. The firm had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $115.52 million. National CineMedia had a negative return on equity of 12.56% and a net margin of 3.82%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. Equities research analysts expect that National CineMedia will post $0.40 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC increased its stake in shares of National CineMedia by 0.8% in the second quarter. BlackRock Advisors LLC now owns 30,225 shares of the company’s stock worth $468,000 after buying an additional 242 shares during the last quarter. LaSalle Street Capital Management LLC increased its stake in shares of National CineMedia by 2.4% in the second quarter. LaSalle Street Capital Management LLC now owns 15,236 shares of the company’s stock worth $236,000 after buying an additional 354 shares during the last quarter. First Dallas Securities Inc. increased its stake in shares of National CineMedia by 4.6% in the second quarter. First Dallas Securities Inc. now owns 17,173 shares of the company’s stock worth $266,000 after buying an additional 749 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of National CineMedia by 2.7% in the second quarter. Nationwide Fund Advisors now owns 40,986 shares of the company’s stock worth $634,000 after buying an additional 1,088 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in shares of National CineMedia by 5.7% in the second quarter. Blair William & Co. IL now owns 22,208 shares of the company’s stock worth $344,000 after buying an additional 1,194 shares during the period. Hedge funds and other institutional investors own 93.23% of the company’s stock.
National CineMedia Company Profile
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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