National CineMedia (NASDAQ:NCMI) Rating Reiterated by B. Riley

B. Riley reissued their buy rating on shares of National CineMedia (NASDAQ:NCMI) in a research note released on Monday, reports. The firm currently has a $6.00 price target on the business services provider’s stock.

Separately, Zacks Investment Research cut National CineMedia from a hold rating to a sell rating in a research note on Thursday, January 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $4.45.

NCMI stock opened at $4.52 on Monday. National CineMedia has a twelve month low of $1.81 and a twelve month high of $6.11. The stock has a market capitalization of $358.66 million, a price-to-earnings ratio of -30.13 and a beta of 1.91. The firm’s fifty day simple moving average is $4.85 and its two-hundred day simple moving average is $3.68.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Sunday, March 7th. The business services provider reported ($0.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.44). The firm had revenue of $15.70 million during the quarter, compared to the consensus estimate of $12.47 million. National CineMedia had a negative return on equity of 8.22% and a negative net margin of 5.00%. National CineMedia’s revenue was down 89.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Equities research analysts forecast that National CineMedia will post -0.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 5th. Shareholders of record on Monday, March 22nd were paid a $0.05 dividend. The ex-dividend date was Friday, March 19th. This represents a $0.20 dividend on an annualized basis and a yield of 4.42%. National CineMedia’s dividend payout ratio is currently 42.55%.

In other news, President Clifford E. Marks sold 150,000 shares of the stock in a transaction on Monday, March 1st. The stock was sold at an average price of $4.60, for a total transaction of $690,000.00. Following the transaction, the president now owns 599,982 shares of the company’s stock, valued at approximately $2,759,917.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder General L.P. Standard sold 1,968,718 shares of the firm’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $5.70, for a total value of $11,221,692.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,170,718 shares of company stock worth $12,158,993. Corporate insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Red Spruce Capital LLC lifted its position in shares of National CineMedia by 4.7% in the 1st quarter. Red Spruce Capital LLC now owns 199,709 shares of the business services provider’s stock worth $923,000 after purchasing an additional 9,000 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in National CineMedia in the fourth quarter worth approximately $686,000. Hudson Bay Capital Management LP raised its stake in National CineMedia by 8.8% in the fourth quarter. Hudson Bay Capital Management LP now owns 1,038,052 shares of the business services provider’s stock worth $3,862,000 after buying an additional 83,590 shares in the last quarter. FormulaFolio Investments LLC purchased a new stake in National CineMedia during the fourth quarter worth $244,000. Finally, Norges Bank bought a new stake in National CineMedia during the 4th quarter valued at $871,000. 80.16% of the stock is currently owned by institutional investors and hedge funds.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company 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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Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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