National CineMedia, Inc. (NASDAQ:NCMI) Receives $6.60 Consensus PT from Brokerages

Shares of National CineMedia, Inc. (NASDAQ:NCMI) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.60.

Several equities research analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $6.00 price target (down from $7.00) on shares of National CineMedia in a research report on Friday, October 31st. Barrington Research lowered their target price on shares of National CineMedia from $7.00 to $6.50 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Wall Street Zen raised shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Zacks Research cut shares of National CineMedia from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of National CineMedia in a research report on Monday, December 1st.

National CineMedia Trading Up 2.5%

Shares of NCMI stock opened at $4.18 on Friday. The stock has a market capitalization of $392.21 million, a P/E ratio of -27.86 and a beta of 1.36. National CineMedia has a 12 month low of $3.81 and a 12 month high of $7.60. The firm’s 50 day moving average is $4.20 and its 200 day moving average is $4.60.

National CineMedia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, November 10th. National CineMedia’s dividend payout ratio is currently -80.00%.

Insider Activity

In other news, EVP Maria Vg Woods sold 9,039 shares of National CineMedia stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $4.44, for a total value of $40,133.16. Following the transaction, the executive vice president owned 118,998 shares in the company, valued at approximately $528,351.12. The trade was a 7.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Trading of National CineMedia

Several large investors have recently modified their holdings of NCMI. Nuveen LLC bought a new stake in National CineMedia during the 1st quarter valued at approximately $797,000. Vanguard Group Inc. grew its holdings in shares of National CineMedia by 5.6% in the first quarter. Vanguard Group Inc. now owns 4,358,287 shares of the business services provider’s stock worth $25,452,000 after acquiring an additional 232,702 shares during the period. Goldman Sachs Group Inc. increased its holdings in National CineMedia by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 683,614 shares of the business services provider’s stock valued at $3,992,000 after buying an additional 120,079 shares during the last quarter. XTX Topco Ltd bought a new stake in National CineMedia during the first quarter valued at about $142,000. Finally, American Century Companies Inc. boosted its position in shares of National CineMedia by 7.1% in the first quarter. American Century Companies Inc. now owns 142,123 shares of the business services provider’s stock worth $830,000 after purchasing an additional 9,460 shares during the period. 69.49% of the stock is owned by institutional investors.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment 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.