National CineMedia, Inc. (NCMI) – What Are Analysts Thinking About This Stock?

Shares of National CineMedia, Inc. (NASDAQ:NCMI) have been assigned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.81.

NCMI has been the topic of several recent research reports. Wedbush set a $5.00 price objective on shares of National CineMedia and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Wall Street Zen upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings cut shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, Barrington Research set a $4.25 price objective on shares of National CineMedia in a research report on Wednesday, August 12th.

National CineMedia Price Performance

NCMI stock opened at $1.84 on Wednesday. The business’s 50-day moving average is $2.29 and its two-hundred day moving average is $3.21. National CineMedia has a fifty-two week low of $1.82 and a fifty-two week high of $4.56.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $58.40 million during the quarter, compared to analyst estimates of $59.34 million. Equities research analysts forecast that National CineMedia will post 0.17 earnings per share for the current fiscal year.

Insider Activity at National CineMedia

In related news, insider Maria Woods sold 12,189 shares of National CineMedia stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $2.09, for a total transaction of $25,475.01. Following the transaction, the insider directly owned 176,806 shares in the company, valued at approximately $369,524.54. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

Institutional Trading of National CineMedia

A number of hedge funds and other institutional investors have recently bought and sold shares of NCMI. Sequoia Financial Advisors LLC purchased a new stake in National CineMedia in the second quarter worth about $60,000. Citadel Advisors LLC raised its stake in shares of National CineMedia by 682.4% in the second quarter. Citadel Advisors LLC now owns 278,577 shares of the business services provider’s stock worth $1,059,000 after buying an additional 242,970 shares during the period. Wellington Management Group LLP lifted its position in shares of National CineMedia by 16.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock valued at $12,237,000 after buying an additional 444,984 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of National CineMedia during the 2nd quarter valued at about $2,653,000. Finally, Zazove Associates LLC lifted its position in shares of National CineMedia by 78.3% during the 1st quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock valued at $1,400,000 after buying an additional 201,564 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc (NASDAQ: NCMI) is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment.

Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.