Barrington Research Reiterates Outperform Rating for National CineMedia (NASDAQ:NCMI)

Barrington Research restated their outperform rating on shares of National CineMedia (NASDAQ:NCMI) in a research 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 topic of several other research reports. Benchmark restated a “buy” rating and set a $8.00 price target on shares of National CineMedia in a research report on Friday, March 7th. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Wedbush upgraded shares of National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 price target on the stock in a research report on Friday. Finally, William Blair reaffirmed a “neutral” rating and set a $7.50 price objective on shares of National CineMedia in a 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

National CineMedia Stock Up 4.2 %

NASDAQ:NCMI opened at $5.95 on Friday. The firm has a market capitalization of $566.50 million, a P/E ratio of -23.80 and a beta of 2.19. National CineMedia has a 1-year low of $4.12 and a 1-year high of $7.60. The company’s fifty day moving average price is $6.54 and its 200-day moving average price is $6.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Thursday, March 6th. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.77 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. As a group, equities research analysts anticipate that National CineMedia will post -0.12 EPS for the current year.

Insider Buying and Selling at National CineMedia

In other news, EVP Maria Vg Woods sold 23,742 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $6.51, for a total value of $154,560.42. Following the transaction, the executive vice president now directly owns 66,987 shares of the company’s stock, valued at approximately $436,085.37. This trade represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Blantyre Capital Ltd purchased 300,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $5.12 per share, for a total transaction of $1,536,000.00. Following the completion of the purchase, the insider now owns 10,250,721 shares of the company’s stock, valued at approximately $52,483,691.52. This represents a 3.01 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Hedge funds and other institutional investors have recently modified their holdings of the business. Summit Securities Group LLC acquired a new stake in National CineMedia during the fourth quarter worth about $53,000. BNP Paribas Financial Markets acquired a new stake in National CineMedia during the fourth quarter worth about $57,000. DRW Securities LLC acquired a new stake in National CineMedia during the fourth quarter worth about $73,000. Quarry LP acquired a new stake in National CineMedia during the fourth quarter worth about $91,000. Finally, Ieq Capital LLC acquired a new stake in National CineMedia during the fourth quarter worth about $93,000. 69.49% of the stock is owned by hedge funds and other institutional investors.

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.