According to Zacks, “NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. They have long term exhibitor services agreements with our founding members, Cinemark and Regal, the three largest motion picture exhibition companies in the U.S.and multi year agreements with several other theatre operators whom they refer to as network affiliates. The network affiliate agreements grant them exclusive rights, subject to limited exceptions, to sell advertising on their theatre screens. “
A number of other brokerages have also weighed in on NCMI. Wedbush restated a buy rating and issued a $38.00 price objective on shares of Obseva in a report on Wednesday, June 19th. Barrington Research restated a market perform rating on shares of National CineMedia in a report on Friday, May 17th. BidaskClub upgraded shares of Zillow Group from a buy rating to a strong-buy rating in a report on Tuesday, July 2nd. ValuEngine upgraded shares of XOMA from a sell rating to a hold rating in a report on Friday, May 24th. Finally, TheStreet upgraded shares of Rent-A-Center from a c rating to a b- rating in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $8.94.
Shares of NCMI opened at $7.07 on Wednesday. National CineMedia has a twelve month low of $5.88 and a twelve month high of $10.94. The firm has a fifty day moving average price of $6.64. The firm has a market cap of $558.30 million, a price-to-earnings ratio of 17.24 and a beta of 0.75.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. National CineMedia had a net margin of 6.98% and a negative return on equity of 33.32%. The business had revenue of $76.90 million for the quarter, compared to analyst estimates of $82.43 million. During the same period last year, the business earned ($0.03) EPS. The company’s revenue was down 4.1% on a year-over-year basis. Analysts anticipate that National CineMedia will post 0.44 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in shares of National CineMedia by 8.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 64,790 shares of the business services provider’s stock valued at $425,000 after buying an additional 5,000 shares during the last quarter. Supplemental Annuity Collective Trust of NJ grew its position in shares of National CineMedia by 5.7% in the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 74,000 shares of the business services provider’s stock valued at $485,000 after buying an additional 4,000 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of National CineMedia in the 2nd quarter valued at $162,000. Meitav Dash Investments Ltd. purchased a new position in shares of National CineMedia in the 1st quarter valued at $120,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of National CineMedia in the 1st quarter valued at $445,000. 90.18% of the stock is currently owned by hedge funds and other institutional investors.
About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-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.
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