Insider Selling: National CineMedia CFO Unloads 6,721 Shares of Stock (NCMI)
National CineMedia (NASDAQ:NCMI) CFO David Oddo sold 6,721 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $19.76, for a total transaction of $132,806.96. Following the completion of the transaction, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at approximately $345,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Barrington Research upgraded shares of National CineMedia from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, November 5th. They now have a $21.00 price target on the stock. Separately, analysts at FBR & Co. initiated coverage on shares of National CineMedia in a research note to investors on Tuesday, November 5th. They set a “market perform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of National CineMedia in a research note to investors on Monday, November 4th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.92.
Shares of National CineMedia (NASDAQ:NCMI) traded up 0.87% during mid-day trading on Friday, hitting $19.74. 121,340 shares of the company’s stock traded hands. National CineMedia has a 52-week low of $13.38 and a 52-week high of $20.22. The stock’s 50-day moving average is $18. and its 200-day moving average is $18.29. The company has a market cap of $1.150 billion and a price-to-earnings ratio of 49.92.
National CineMedia (NASDAQ:NCMI) last released its earnings data on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.04. The company had revenue of $135.10 million for the quarter, compared to the consensus estimate of $137.13 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts predict that National CineMedia will post $0.58 earnings per share for the current fiscal year.
National CineMedia, Inc (NASDAQ:NCMI) is a holding company that manages its consolidated subsidiary NCM LLC.
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