146 institutions hold shares in National CineMedia Inc. (NCMI), with 1.64M shares held by insiders accounting for 2.06% while institutional investors hold 77.88% of the company’s shares. The shares outstanding are 78.05M, and float is at 77.38M with Short Float at 3.41%. Institutions hold 76.28% of the Float.
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The top institutional shareholder in the company is Standard General L.P. with over 19.42 million shares valued at $72.23 million. The investor’s holdings represent 24.47% of the NCMI Shares outstanding. As of Dec 30, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 6.33 million shares valued at $23.57 million to account for 7.98% of the shares outstanding. The other top investors are Wasatch Advisors Inc which holds 4.89 million shares representing 6.16% and valued at over $18.17 million, while Blackrock Inc. holds 5.70% of the shares totaling 4.52 million with a market value of $16.83 million.
National CineMedia Inc. (NASDAQ: NCMI) is 25.27% higher on its value in year-to-date trading and has touched a low of $1.81 and a high of $6.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NCMI stock was last observed hovering at around $4.70 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $5.50 for the next 12 months. It is also 22.33% off the consensus price target high of $6.00 offered by 5 analysts, but current levels are 6.8% higher than the price target low of $5.00 for the same period.
Currently trading at $4.66, the stock is -6.43% and 1.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing -0.85% at the moment leaves the stock 32.74% off its SMA200. NCMI registered 100.00% gain for a year compared to 6-month gain of 65.84%. The firm has a 50-day simple moving average (SMA 50) of $4.8361 and a 200-day simple moving average (SMA200) of $3.6559.
The stock witnessed a -1.89% loss in the last 1 month and extending the period to 3 months gives it a 29.09%, and is 9.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.85% over the week and 7.72% over the month.
National CineMedia Inc. (NCMI) has around 418 employees, a market worth around $379.65M and $90.40M in sales. Fwd P/E is 18.79. Profit margin for the company is -72.30%. Distance from 52-week low is 157.46% and -23.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.20%).
National CineMedia Inc. (NCMI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for National CineMedia Inc. (NCMI) is a “Hold”. 5 analysts offering their recommendations for the stock have an average rating of 2.70, where 2 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
National CineMedia Inc. is expected to release its quarterly report on 08/09/2021 and quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $15.04M over the same period.The EPS is expected to shrink by -280.80% this year, but quarterly earnings will post 109.80% year-over-year.
National CineMedia Inc. (NCMI) Insider Activity
A total of 49 insider transactions have happened at National CineMedia Inc. (NCMI) in the last six months, with sales accounting for 36 and purchases happening 13 times. The most recent transaction is an insider sale by Standard General L.P., the company’s 10% Owner. SEC filings show that Standard General L.P. sold 1,968,718 shares of the company’s common stock on Mar 15 at a price of $5.70 per share for a total of $11.22 million. Following the sale, the insider now owns 17.45 million shares.
National CineMedia Inc. disclosed in a document filed with the SEC on Mar 10 that Lesinski Thomas F. (Chief Executive Officer) sold a total of 22,000 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $4.90 per share for $0.11 million. Following the transaction, the insider now directly holds 0.11 million shares of the NCMI stock.
Still, SEC filings show that on Mar 10, SEGALL MARK B (Director) disposed off 30,000 shares at an average price of $4.65 for $0.14 million. The insider now directly holds 18,519 shares of National CineMedia Inc. (NCMI).
National CineMedia Inc. (NCMI): Who are the competitors?
The company’s main competitors (and peers) include Lamar Advertising Company (REIT) (LAMR) that is trading 155.45% up over the past 12 months and The Interpublic Group of Companies Inc. (IPG) that is 117.89% higher over the same period. Microsoft Corporation (MSFT) is 61.13% up on the 1-year trading charts. Short interest in the company’s stock has fallen -7.2% from the last report on Feb 11, 2021 to stand at a total of 2.83 million short shares sold with a short interest ratio of 2.83.