National CineMedia, Inc. (NASDAQ:NCMI) Stock Has Average Price Target of $4.81 According to Brokerages

National CineMedia, Inc. (NASDAQ:NCMI) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $4.81.

A number of equities research analysts recently issued reports on the company. Wedbush set a $5.00 price target on National CineMedia and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Wall Street Zen cut National CineMedia from a “hold” rating to a “sell” rating in a report on Sunday, September 6th. Weiss Ratings upgraded National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Zacks Research raised National CineMedia from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Barrington Research set a $4.25 price target on National CineMedia in a research report on Wednesday, August 12th.

Insiders Place Their Bets

In other National CineMedia news, insider Maria Woods sold 12,189 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $2.09, for a total transaction of $25,475.01. Following the sale, the insider directly owned 176,806 shares in the company, valued at $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National CineMedia

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of National CineMedia in the 2nd quarter valued at approximately $2,653,000. Luxor Capital Group LP increased its position in National CineMedia by 61.3% during the 1st quarter. Luxor Capital Group LP now owns 1,820,737 shares of the business services provider’s stock worth $5,553,000 after purchasing an additional 691,879 shares in the last quarter. Wellington Management Group LLP increased its position in National CineMedia by 16.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock worth $12,237,000 after purchasing an additional 444,984 shares in the last quarter. Citadel Advisors LLC increased its position in National CineMedia by 682.4% during the 2nd quarter. Citadel Advisors LLC now owns 278,577 shares of the business services provider’s stock worth $1,059,000 after purchasing an additional 242,970 shares in the last quarter. Finally, Zazove Associates LLC lifted its stake in National CineMedia by 78.3% in the 1st quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock valued at $1,400,000 after purchasing an additional 201,564 shares during the last quarter. 69.49% of the stock is owned by institutional investors.

National CineMedia Stock Performance

Shares of NASDAQ:NCMI opened at $2.14 on Friday. The company’s 50 day moving average price is $2.77 and its two-hundred day moving average price is $3.22. National CineMedia has a 12-month low of $1.99 and a 12-month high of $4.56. The firm has a market cap of $200.69 million, a PE ratio of -23.78 and a beta of 1.61. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04.

National CineMedia (NASDAQ:NCMI) last announced its earnings results on Tuesday, August 11th. The business services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $58.40 million for the quarter, compared to the consensus estimate of $59.34 million. National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%. Equities research analysts predict that National CineMedia will post 0.17 earnings per share for the current year.

National CineMedia Company Profile

National CineMedia, Inc (NASDAQ:NCMI) is a media company focused on advertising and entertainment in movie theaters. Through its Noovie pre-show network, the company delivers advertising, branded content, movie-related entertainment and other programming to audiences before films begin.

National CineMedia sells and distributes national, regional and local advertising campaigns across participating cinema locations in the United States. Its offerings can include on-screen video advertising, interactive promotions, lobby advertising and other theater-based marketing programs designed to connect brands with moviegoers.

The company was established in 2005 and became a publicly traded company in 2007.