National CineMedia (NCMI) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a research report sent to investors on Friday, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut National CineMedia from a buy rating to a hold rating in a report on Wednesday. Barrington Research restated a market perform rating on shares of National CineMedia in a report on Friday, May 17th. TheStreet cut National CineMedia from a b- rating to a c rating in a report on Tuesday, May 7th. BidaskClub upgraded National CineMedia from a sell rating to a hold rating in a report on Wednesday, May 8th. Finally, Wedbush restated a hold rating and issued a $8.00 price target on shares of National CineMedia in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $9.19.

NASDAQ NCMI traded down $0.08 on Friday, hitting $6.91. 129,452 shares of the company’s stock were exchanged, compared to its average volume of 288,298. National CineMedia has a fifty-two week low of $5.88 and a fifty-two week high of $10.94. The stock has a market capitalization of $545.67 million, a price-to-earnings ratio of 18.68 and a beta of 0.85.

National CineMedia (NASDAQ:NCMI) last released its earnings results on Monday, May 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. National CineMedia had a negative return on equity of 33.32% and a net margin of 6.98%. The company had revenue of $76.90 million for the quarter, compared to analysts’ expectations of $82.43 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, research analysts predict that National CineMedia will post 0.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.84%. The ex-dividend date of this dividend is Wednesday, May 15th. National CineMedia’s dividend payout ratio is currently 183.78%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in National CineMedia by 41.9% during the 4th quarter. Bank of Montreal Can now owns 5,388 shares of the business services provider’s stock valued at $35,000 after buying an additional 1,590 shares during the last quarter. Legal & General Group Plc grew its holdings in National CineMedia by 4.9% during the 4th quarter. Legal & General Group Plc now owns 36,269 shares of the business services provider’s stock valued at $235,000 after buying an additional 1,702 shares during the last quarter. Supplemental Annuity Collective Trust of NJ grew its holdings in National CineMedia by 2.9% during the 4th quarter. Supplemental Annuity Collective Trust of NJ now owns 70,000 shares of the business services provider’s stock valued at $454,000 after buying an additional 2,000 shares during the last quarter. Stone Ridge Asset Management LLC grew its holdings in National CineMedia by 7.2% during the 4th quarter. Stone Ridge Asset Management LLC now owns 38,746 shares of the business services provider’s stock valued at $251,000 after buying an additional 2,592 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in National CineMedia by 1.9% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 159,997 shares of the business services provider’s stock valued at $1,128,000 after buying an additional 3,040 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.

National CineMedia Company Profile

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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