National CineMedia Inc. (NCMI) Sees Strong Trading Volume
National CineMedia Inc. (NASDAQ:NCMI) saw an uptick in trading volume on Tuesday . 394,646 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 207,152 shares.The stock last traded at $14.75 and had previously closed at $14.65.
Several research firms have recently issued reports on NCMI. B. Riley reaffirmed a “buy” rating and issued a $18.75 price target (down previously from $20.00) on shares of National CineMedia in a research report on Tuesday, August 9th. FBR & Co lowered their price target on National CineMedia from $18.50 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. Zacks Investment Research lowered National CineMedia from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. Stifel Nicolaus lowered National CineMedia from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Wedbush reissued an “outperform” rating and issued a $17.50 target price (down previously from $19.00) on shares of National CineMedia in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. National CineMedia currently has a consensus rating of “Buy” and a consensus target price of $17.56.
The company’s 50 day moving average is $15.12 and its 200-day moving average is $14.84. The firm has a market capitalization of $882.58 million, a PE ratio of 53.06 and a beta of 0.36.
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National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.03. National CineMedia had a negative return on equity of 12.56% and a net margin of 3.82%. The firm had revenue of $115.40 million for the quarter, compared to the consensus estimate of $115.52 million. During the same period in the previous year, the company posted $0.17 EPS. National CineMedia’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts expect that National CineMedia Inc. will post $0.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 25th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date was Tuesday, August 23rd. National CineMedia’s payout ratio is 314.29%.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in National CineMedia by 5.3% in the second quarter. Vanguard Group Inc. now owns 4,438,472 shares of the company’s stock worth $68,708,000 after buying an additional 221,533 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of National CineMedia by 10.2% in the first quarter. Wellington Management Group LLP now owns 2,443,768 shares of the company’s stock worth $37,169,000 after buying an additional 226,207 shares during the last quarter. Weitz Investment Management Inc. increased its stake in shares of National CineMedia by 0.5% in the second quarter. Weitz Investment Management Inc. now owns 2,286,953 shares of the company’s stock worth $35,402,000 after buying an additional 10,321 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of National CineMedia by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,211 shares of the company’s stock worth $31,581,000 after buying an additional 27,055 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of National CineMedia by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,628,216 shares of the company’s stock worth $25,205,000 after buying an additional 27,370 shares during the last quarter. 93.92% of the stock is currently owned by institutional investors and hedge funds.
National CineMedia Company Profile
National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. The Company is engaged in advertising business.
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