National CineMedia (NCMI) Downgraded by BidaskClub to Buy

BidaskClub lowered shares of National CineMedia (NASDAQ:NCMI) from a strong-buy rating to a buy rating in a research note released on Saturday.

Several other equities analysts also recently commented on the stock. B. Riley increased their target price on shares of National CineMedia from $10.50 to $11.50 and gave the stock a buy rating in a research report on Monday, September 24th. Zacks Investment Research raised shares of National CineMedia from a hold rating to a strong-buy rating and set a $9.50 target price on the stock in a research report on Thursday, July 26th. MKM Partners increased their target price on shares of National CineMedia to $9.00 and gave the stock a neutral rating in a research report on Tuesday, August 7th. Finally, ValuEngine raised shares of National CineMedia from a sell rating to a hold rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. National CineMedia currently has a consensus rating of Hold and a consensus price target of $9.30.

NASDAQ NCMI opened at $8.73 on Friday. National CineMedia has a 1-year low of $5.09 and a 1-year high of $10.94. The firm has a market capitalization of $650.92 million, a PE ratio of 21.83 and a beta of 0.58.



National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, August 6th. The business services provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). National CineMedia had a negative return on equity of 50.95% and a net margin of 1.40%. The company had revenue of $113.70 million during the quarter, compared to analyst estimates of $108.48 million. During the same period last year, the company posted $0.09 earnings per share. The company’s revenue was up 17.1% compared to the same quarter last year. Research analysts predict that National CineMedia will post 0.38 EPS for the current fiscal year.

In other National CineMedia news, President Clifford E. Marks sold 30,237 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $10.00, for a total transaction of $302,370.00. Following the transaction, the president now directly owns 526,868 shares of the company’s stock, valued at $5,268,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder General L.P. Standard bought 46,439 shares of the stock in a transaction on Thursday, August 9th. The shares were acquired at an average cost of $8.55 per share, for a total transaction of $397,053.45. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NCMI. BlackRock Inc. boosted its holdings in National CineMedia by 21.4% during the second quarter. BlackRock Inc. now owns 5,297,552 shares of the business services provider’s stock valued at $44,498,000 after acquiring an additional 934,901 shares during the period. Global X Management Co LLC boosted its holdings in National CineMedia by 1.3% during the second quarter. Global X Management Co LLC now owns 2,456,713 shares of the business services provider’s stock valued at $20,636,000 after acquiring an additional 30,940 shares during the period. Dimensional Fund Advisors LP boosted its holdings in National CineMedia by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,420,191 shares of the business services provider’s stock valued at $20,330,000 after acquiring an additional 150,525 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in National CineMedia by 0.5% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the business services provider’s stock valued at $16,800,000 after acquiring an additional 10,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in National CineMedia by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 1,805,744 shares of the business services provider’s stock valued at $15,168,000 after acquiring an additional 61,750 shares during the period. 83.99% of the stock is currently owned by hedge funds and other institutional investors.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.

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Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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