National CineMedia (NCMI) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Jul 20, 2016.
Many Wall Street Analysts have commented on National CineMedia. Shares were Reiterated by The Benchmark Company on May 6, 2016 to “Buy” and Lowered the Price Target to $ 18.76 from a previous price target of $19.77 .
On the company’s financial health, National CineMedia reported $-0.5 EPS for the quarter, missing the analyst consensus estimate by $ -0.46 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-0.04. The company had revenue of $76.20 million for the quarter, compared to analysts expectations of $73.39 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.
National CineMedia closed down -0.05 points or -0.31% at $15.89 with 1,76,824 shares getting traded on Monday. Post opening the session at $15.99, the shares hit an intraday low of $15.87 and an intraday high of $15.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 23, 2016, Clifford E Marks (President) sold 1,014 shares at $15.00 per share price. According to the SEC, on Mar 16, 2016, Paula Williams Madison (director) sold 7,468 shares at $14.66 per share price. On Mar 2, 2016, Scott N Schneider (director) sold 13,500 shares at $15.19 per share price, according to the Form-4 filing with the securities and exchange commission.
National CineMedia Inc. (NCM Inc.) is a holding company 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 Company’s advertising and entertainment pre-show called FirstLook lobby entertainment network (LEN) programming and Fathom Events are distributed across its digital content network (DCN) utilizing its digital content software (DCS). NCM Inc. has no business operations or material assets other than its cash and ownership interest of approximately 45.8% of the common membership units in NCM LLC as of January 1 2015. The Company also sells advertising programming on other forms of advertising and promotions in theatre lobbies and across its online network and a mobile app called Movie Night Out.