Fintel reports that on August 15, 2024, Benchmark upgraded their outlook for National CineMedia (NasdaqGS:NCMI) from Speculative Buy to Buy.
Analyst Price Forecast Suggests 3.59% Upside
As of August 6, 2024, the average one-year price target for National CineMedia is $6.63/share. The forecasts range from a low of $6.06 to a high of $7.88. The average price target represents an increase of 3.59% from its latest reported closing price of $6.40 / share.
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The projected annual revenue for National CineMedia is 394MM, an increase of 89.95%. The projected annual non-GAAP EPS is 0.13.
What is the Fund Sentiment?
There are 128 funds or institutions reporting positions in National CineMedia. This is an increase of 14 owner(s) or 12.28% in the last quarter. Average portfolio weight of all funds dedicated to NCMI is 0.75%, an increase of 0.24%. Total shares owned by institutions increased in the last three months by 6.62% to 82,109K shares. 
The put/call ratio of NCMI is 0.04, indicating a bullish outlook.
What are Other Shareholders Doing?
Blantyre Capital holds 26,664K shares representing 27.97% ownership of the company. No change in the last quarter.
Hotchkis & Wiley Capital Management holds 6,572K shares representing 6.89% ownership of the company. In its prior filing, the firm reported owning 6,575K shares , representing a decrease of 0.05%. The firm decreased its portfolio allocation in NCMI by 10.84% over the last quarter.
Jpmorgan Chase holds 4,866K shares representing 5.10% ownership of the company. In its prior filing, the firm reported owning 4,746K shares , representing an increase of 2.46%. The firm decreased its portfolio allocation in NCMI by 86.71% over the last quarter.
Wellington Management Group Llp holds 2,791K shares representing 2.93% ownership of the company. In its prior filing, the firm reported owning 1,421K shares , representing an increase of 49.10%. The firm decreased its portfolio allocation in NCMI by 76.22% over the last quarter.
HWSIX - Hotchkis & Wiley Small Cap Value Fund Class I holds 2,047K shares representing 2.15% ownership of the company. No change in the last quarter.
National Cinemedia Background Information
(This description is provided by the company.)
National CineMedia (NCM) is America's Movie Network. As the largest cinema advertising network in the U.S., they unite brands with the power of movies and engage movie fans anytime and anywhere. NCM's Noovie pre-show is presented exclusively in 53 leading national and regional theater circuits including AMC Entertainment Inc. NCM's cinema advertising network offers broad reach and unparalleled audience engagement with over 20,400 screens in over 1,650 theaters in 190 Designated Market Areas® (all of the top 50). NCM Digital goes beyond the big screen, extending in-theater campaigns into online and mobile marketing programs to reach entertainment audiences. National CineMedia, Inc. owns a 48.0% interest in, and is the managing member of, National CineMedia, LLC.
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