National CineMedia (NCMI) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other equities analysts have also commented on NCMI. ValuEngine raised shares of National CineMedia from a sell rating to a hold rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of National CineMedia from a hold rating to a sell rating in a report on Wednesday, January 10th. B. Riley lowered shares of National CineMedia to a hold rating and set a $8.75 price target on the stock. in a report on Monday, January 29th. Benchmark reissued a buy rating and issued a $10.00 price target (down previously from $12.00) on shares of National CineMedia in a report on Tuesday, March 13th. Finally, Barrington Research reissued a hold rating on shares of National CineMedia in a report on Monday, March 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $7.92.

Shares of NCMI stock opened at $5.28 on Friday. The company has a debt-to-equity ratio of -769.42, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market cap of $415.46, a P/E ratio of 264.00, a P/E/G ratio of 1.65 and a beta of 0.36. National CineMedia has a twelve month low of $5.12 and a twelve month high of $12.74.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Monday, March 12th. The business services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. The firm had revenue of $140.70 million for the quarter, compared to analyst estimates of $144.48 million. National CineMedia had a net margin of 0.12% and a negative return on equity of 55.42%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. analysts forecast that National CineMedia will post 0.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 12.88%. National CineMedia’s dividend payout ratio (DPR) is 3,400.00%.

In other National CineMedia news, major shareholder General L.P. Standard acquired 249,400 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was bought at an average price of $5.51 per share, with a total value of $1,374,194.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought a total of 1,387,513 shares of company stock valued at $7,889,192 in the last ninety days. 5.40% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Skylands Capital LLC boosted its stake in shares of National CineMedia by 11.9% in the 4th quarter. Skylands Capital LLC now owns 908,850 shares of the business services provider’s stock valued at $6,235,000 after purchasing an additional 96,700 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of National CineMedia in the 4th quarter valued at $214,000. Gabelli Funds LLC boosted its stake in shares of National CineMedia by 175.0% in the 4th quarter. Gabelli Funds LLC now owns 104,500 shares of the business services provider’s stock valued at $717,000 after purchasing an additional 66,500 shares in the last quarter. Western Standard LLC boosted its stake in shares of National CineMedia by 375.6% in the 3rd quarter. Western Standard LLC now owns 879,346 shares of the business services provider’s stock valued at $6,138,000 after purchasing an additional 694,446 shares in the last quarter. Finally, TCW Group Inc. purchased a new stake in shares of National CineMedia in the 4th quarter valued at $305,000. 86.41% of the stock is owned by institutional investors.

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National CineMedia Company Profile

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

Analyst Recommendations for National CineMedia (NASDAQ:NCMI)

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