National CineMedia (NASDAQ:NCMI) Receives Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of National CineMedia (NASDAQ:NCMI) in a report released on Friday morning,Benzinga reports. The firm currently has a $7.00 target price on the business services provider’s stock.

NCMI has been the subject of a number of other reports. Wedbush raised National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 price target for the company in a report on Friday. William Blair reaffirmed a “neutral” rating and issued a $7.50 target price on shares of National CineMedia in a research note on Friday, March 7th. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Benchmark restated a “buy” rating and issued a $8.00 price objective on shares of National CineMedia in a research report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.70.

National CineMedia Stock Up 4.2 %

NCMI opened at $5.95 on Friday. The firm has a market cap of $566.50 million, a price-to-earnings ratio of -23.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. The firm’s 50-day simple moving average is $6.54 and its 200-day simple moving average is $6.75. National CineMedia has a twelve month low of $4.05 and a twelve month high of $7.60.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Thursday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The firm had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.77 million. Equities research analysts anticipate that National CineMedia will post -0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $5.18 per share, with a total value of $537,088.30. Following the completion of the purchase, the insider now owns 10,310,433 shares in the company, valued at $53,408,042.94. This represents a 1.02 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Vg Woods sold 23,742 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the transaction, the executive vice president now owns 66,987 shares of the company’s stock, valued at $436,085.37. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in shares of National CineMedia in the 4th quarter valued at about $53,000. BNP Paribas Financial Markets bought a new stake in National CineMedia in the 4th quarter valued at approximately $57,000. DRW Securities LLC acquired a new position in National CineMedia during the 4th quarter worth approximately $73,000. Quarry LP bought a new position in shares of National CineMedia during the 4th quarter worth approximately $91,000. Finally, Ieq Capital LLC acquired a new stake in shares of National CineMedia in the fourth quarter valued at approximately $93,000. 69.49% of the stock is owned by institutional investors and hedge funds.

About National CineMedia

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.