Barrington Research Upgrades National CineMedia (NASDAQ:NCMI) to “Outperform”

Barrington Research upgraded shares of National CineMedia (NASDAQ:NCMI) from a market perform rating to an outperform rating in a report issued on Thursday, Briefing.com Automated Import reports. They currently have $9.50 price target on the business services provider’s stock. Barrington Research also issued estimates for National CineMedia’s Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $0.45 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.13 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $0.46 EPS.

A number of other equities analysts have also issued reports on NCMI. B. Riley lowered National CineMedia from a buy rating to a neutral rating and cut their target price for the company from $9.75 to $8.50 in a research report on Tuesday, November 5th. Benchmark upped their target price on National CineMedia from $10.00 to $12.00 and gave the company a buy rating in a research report on Wednesday, September 18th. ValuEngine lowered National CineMedia from a hold rating to a sell rating in a research report on Monday, November 4th. BidaskClub lowered National CineMedia from a buy rating to a hold rating in a research report on Wednesday. Finally, Zacks Investment Research lowered National CineMedia from a buy rating to a hold rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $9.70.

NCMI traded up $0.02 during midday trading on Thursday, hitting $7.60. The company’s stock had a trading volume of 329,600 shares, compared to its average volume of 356,774. The firm has a 50-day moving average price of $8.31 and a two-hundred day moving average price of $7.43. The firm has a market cap of $558.65 million, a P/E ratio of 20.54 and a beta of 0.70. National CineMedia has a 52-week low of $5.64 and a 52-week high of $8.93.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, November 4th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $110.50 million for the quarter, compared to analyst estimates of $118.75 million. National CineMedia had a negative return on equity of 32.44% and a net margin of 7.66%. The business’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, sell-side analysts forecast that National CineMedia will post 0.44 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Wednesday, November 13th. National CineMedia’s payout ratio is 183.78%.

In other National CineMedia news, major shareholder General L.P. Standard bought 30,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of $7.07 per share, with a total value of $212,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders acquired 527,000 shares of company stock worth $4,001,060. 3.90% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of NCMI. WINTON GROUP Ltd bought a new stake in shares of National CineMedia in the 2nd quarter valued at approximately $162,000. Supplemental Annuity Collective Trust of NJ increased its holdings in shares of National CineMedia by 5.7% in the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 74,000 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 4,000 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of National CineMedia by 8.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 64,790 shares of the business services provider’s stock valued at $425,000 after acquiring an additional 5,000 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of National CineMedia by 7.9% in the 2nd quarter. North Star Investment Management Corp. now owns 640,333 shares of the business services provider’s stock valued at $4,201,000 after acquiring an additional 46,790 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of National CineMedia by 19.6% in the 2nd quarter. Bessemer Group Inc. now owns 241,900 shares of the business services provider’s stock valued at $1,587,000 after acquiring an additional 39,700 shares during the last quarter. Institutional investors and hedge funds own 88.61% of the company’s stock.

National CineMedia Company Profile

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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