National CineMedia Inc. (NASDAQ:NCMI) shares traded down 2% during mid-day trading on Tuesday . The company traded as low as $14.98 and last traded at $15.00, with a volume of 79,077 shares trading hands. The stock had previously closed at $15.30.

NCMI has been the subject of a number of research analyst reports. FBR & Co decreased their target price on National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. B. Riley reaffirmed a “buy” rating and issued a $18.75 target price (down from $20.00) on shares of National CineMedia in a research report on Tuesday, August 9th. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. Stifel Nicolaus lowered National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $17.50 target price (down from $19.00) on shares of National CineMedia in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.56.

The company has a market capitalization of $893.35 million and a PE ratio of 53.71. The company has a 50 day moving average price of $15.60 and a 200 day moving average price of $14.86.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Monday, August 8th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.03. The firm had revenue of $115.40 million for the quarter, compared to the consensus estimate of $115.52 million. During the same period in the prior year, the company posted $0.17 EPS. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, equities research analysts predict that National CineMedia Inc. will post $0.40 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Thursday, August 25th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.89%.

Several hedge funds have recently bought and sold shares of NCMI. Piermont Capital Management Inc. purchased a new stake in National CineMedia during the fourth quarter worth $2,073,000. Bank of Montreal Can raised its stake in National CineMedia by 12.6% in the fourth quarter. Bank of Montreal Can now owns 675,597 shares of the company’s stock worth $10,613,000 after buying an additional 75,630 shares in the last quarter. California Public Employees Retirement System raised its stake in National CineMedia by 1.8% in the fourth quarter. California Public Employees Retirement System now owns 195,918 shares of the company’s stock worth $3,078,000 after buying an additional 3,400 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in National CineMedia by 3.5% in the fourth quarter. Rhumbline Advisers now owns 80,367 shares of the company’s stock worth $1,263,000 after buying an additional 2,705 shares in the last quarter.

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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