National CineMedia’s (NCMI) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of National CineMedia (NASDAQ:NCMI) in a research note published on Friday,Benzinga reports. They currently have a $7.00 price target on the business services provider’s stock.

Several other research firms have also recently issued reports on NCMI. William Blair reissued a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a research report on Friday, March 7th. StockNews.com raised shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Wedbush raised shares of National CineMedia from a “neutral” rating to an “outperform” rating and set a $7.50 price target for the company in a research report on Friday. Finally, Benchmark reaffirmed a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

National CineMedia Price Performance

National CineMedia stock opened at $5.95 on Friday. The stock 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 current ratio of 2.46 and a quick ratio of 2.46. National CineMedia has a 1 year low of $4.12 and a 1 year high of $7.60. The firm has a 50-day moving average of $6.54 and a two-hundred day moving average of $6.75.

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

Insider Activity at National CineMedia

In other National CineMedia news, 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 transaction, the executive vice president now owns 66,987 shares in the company, valued at approximately $436,085.37. This represents a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Blantyre Capital Ltd purchased 103,685 shares of the business’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of $5.18 per share, for a total transaction of $537,088.30. Following the purchase, the insider now directly owns 10,310,433 shares in the company, valued at $53,408,042.94. This represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in National CineMedia by 3.1% during the 4th quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider’s stock valued at $711,000 after purchasing an additional 3,219 shares in the last quarter. Kings Path Partners LLC acquired a new position in National CineMedia during the 4th quarter valued at approximately $408,000. Charles Schwab Investment Management Inc. increased its stake in National CineMedia by 240.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after purchasing an additional 509,756 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of National CineMedia in the third quarter worth $292,000. Finally, State Street Corp increased its stake in shares of National CineMedia by 23.8% in the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after acquiring an additional 222,498 shares during the period. Institutional investors and hedge funds 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.