National CineMedia (NASDAQ:NCMI – Get Free Report)’s stock had its “speculative buy” rating reissued by equities researchers at Benchmark in a research note issued to investors on Monday, Benzinga reports. They currently have a $6.00 target price on the business services provider’s stock. Benchmark’s price target would indicate a potential upside of 30.15% from the stock’s current price.
Several other research firms have also recently issued reports on NCMI. Wedbush reissued a “neutral” rating and issued a $5.50 target price on shares of National CineMedia in a research note on Tuesday, May 7th. StockNews.com lowered National CineMedia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, B. Riley upgraded shares of National CineMedia from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $4.50 to $6.75 in a report on Tuesday, March 19th.
National CineMedia Trading Down 3.2 %
Shares of NCMI opened at $4.61 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76. National CineMedia has a fifty-two week low of $2.57 and a fifty-two week high of $5.90. The firm has a 50 day moving average price of $4.85 and a 200-day moving average price of $4.48. The firm has a market cap of $445.19 million, a price-to-earnings ratio of 0.14 and a beta of 2.03.
National CineMedia (NASDAQ:NCMI – Get Free Report) last issued its earnings results on Monday, May 6th. The business services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.11). National CineMedia had a net margin of 426.76% and a return on equity of 3.45%. The company had revenue of $34.80 million for the quarter, compared to analysts’ expectations of $34.73 million. As a group, equities research analysts forecast that National CineMedia will post 0.04 earnings per share for the current year.
Institutional Investors Weigh In On National CineMedia
Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC boosted its position in shares of National CineMedia by 13.8% in the 1st quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock worth $135,000 after purchasing an additional 3,172 shares in the last quarter. Zazove Associates LLC increased its holdings in shares of National CineMedia by 3.1% during the fourth quarter. Zazove Associates LLC now owns 130,126 shares of the business services provider’s stock valued at $539,000 after acquiring an additional 3,921 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after purchasing an additional 6,690 shares during the last quarter. Hill Investment Group Partners LLC raised its position in shares of National CineMedia by 67.4% in the 4th quarter. Hill Investment Group Partners LLC now owns 17,116 shares of the business services provider’s stock worth $71,000 after purchasing an additional 6,889 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in National CineMedia by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,584,556 shares of the business services provider’s stock worth $18,460,000 after purchasing an additional 18,347 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.
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.