November 29, 2016 - By Vivian Park
Alfonso Rosabal, the EVP – COO & Chief Tech. Officer of National Cinemedia Inc made unloading of 2,615 shares with an average stock price per share of $16.0 in the Colorado-based National Cinemedia Inc, that are having a worth of $41,873 U.S. Dollars. Alfonso Rosabal presently owns 177,697 shares or 0.30% of the Company’s market cap (total dollar market value of all company’s outstanding shares). This deal was executed on November 29, 2016. A public report which was filed with the SEC and freely obtainable here, provides additional details of the deal.
Out of 7 analysts covering National CineMedia Inc (NASDAQ:NCMI), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $21 is the highest target while $15 is the lowest. The $17.93 average target is 14.94% above today’s ($15.6) stock price. National CineMedia Inc has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, September 22 by Zacks. The company was initiated on Friday, February 5 by Credit Suisse. As per Friday, May 6, the company rating was maintained by Benchmark. The stock of National CineMedia, Inc. (NASDAQ:NCMI) has “Hold” rating given on Wednesday, July 20 by Stifel Nicolaus. Benchmark maintained National CineMedia, Inc. (NASDAQ:NCMI) rating on Tuesday, November 8. Benchmark has “Buy” rating and $18.08 price target. The firm has “Buy” rating given on Tuesday, November 10 by Benchmark. The stock has “Neutral” rating given by M Partners on Tuesday, November 10. Credit Suisse reinitiated National CineMedia, Inc. (NASDAQ:NCMI) on Monday, June 13 with “Outperform” rating. FBR Capital maintained National CineMedia, Inc. (NASDAQ:NCMI) rating on Tuesday, November 10. FBR Capital has “Outperform” rating and $18.50 price target.
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.71, from 1.66 in 2016Q1. The ratio dropped, as 12 funds sold all National CineMedia, Inc. shares owned while 35 reduced positions. 15 funds bought stakes while 63 increased positions. They now own 57.25 million shares or 2.57% more from 55.81 million shares in 2016Q1.
Dimensional Fund Advsrs L P, a Texas-based fund reported 2.04 million shares. Commercial Bank Of Ny Mellon Corporation holds 0% of its portfolio in National CineMedia, Inc. (NASDAQ:NCMI) for 631,772 shares. Vanguard Gru Incorporated last reported 0% of its portfolio in the stock. Ellington Grp Incorporated Limited Liability Com holds 0.34% or 15,600 shares in its portfolio. Us Financial Bank De accumulated 3,786 shares or 0% of the stock. Mcf Advsr Lc accumulated 0% or 50 shares. Blackrock Gp Ltd last reported 0% of its portfolio in the stock. Credit Suisse Ag last reported 0% of its portfolio in the stock. American Intl Inc last reported 35,431 shares in the company. Rhumbline Advisers reported 76,732 shares or 0% of all its holdings. California Pub Employees Retirement Sys owns 198,418 shares or 0% of their US portfolio. State Street Corp last reported 1.24 million shares in the company. The New York-based Ny State Common Retirement Fund has invested 0% in National CineMedia, Inc. (NASDAQ:NCMI). Stephens Invest Mngmt Gp Ltd Limited Liability Company accumulated 1.65% or 3.25 million shares. Strs Ohio owns 46,700 shares or 0% of their US portfolio.
The stock decreased 1.39% or $0.22 during the last trading session, hitting $15.6. About 290,033 shares traded hands or 19.63% up from the average. National CineMedia, Inc. (NASDAQ:NCMI) has risen 10.24% since April 26, 2016 and is uptrending. It has outperformed by 4.98% the S&P500.
National CineMedia, Inc. is a holding firm that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The company has a market cap of $964.32 million. NCM LLC operates the digital in-theatre media network in North America, through which it sells in-theatre and online advertising and promotions. It has a 54.77 P/E ratio. The Firm is engaged in advertising business.
According to Zacks Investment Research, “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.”
Analysts await National CineMedia, Inc. (NASDAQ:NCMI) to report earnings on February, 23. They expect $0.21 earnings per share, up 5.00% or $0.01 from last year’s $0.2 per share. NCMI’s profit will be $12.98M for 18.57 P/E if the $0.21 EPS becomes a reality. After $0.13 actual earnings per share reported by National CineMedia, Inc. for the previous quarter, Wall Street now forecasts 61.54% EPS growth.
More notable recent National CineMedia, Inc. (NASDAQ:NCMI) news were published by: Wsj.com which released: “National CineMedia, Screenvision Terminate Merger Deal” on March 16, 2015, also Businesswire.com with their article: “National CineMedia, Inc. Reports Results for Fiscal Third Quarter 2016” published on November 07, 2016, Blogs.Wsj.com published: “CFO Moves: National CineMedia Inc., Hhgregg Inc.” on August 09, 2016. More interesting news about National CineMedia, Inc. (NASDAQ:NCMI) were released by: Businesswire.com and their article: “National CineMedia, Inc. Announces Third Quarter 2016 Earnings Release Date ..” published on October 24, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista” with publication date: November 14, 2016.
National CineMedia, Inc. (NCM, Inc.), incorporated on October 5, 2006, is a holding firm 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 Firm is engaged in advertising business. It operates through advertising segment. The Company’s advertising and entertainment pre-show, FirstLook, lobby entertainment network (LEN) and programming are distributed across its digital content network (DCN) utilizing its digital content software (DCS). NCM, Inc. has no business or material assets.
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By Vivian Park