National CineMedia (NASDAQ:NCMI) Insider Sells $45,458.66 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) insider Maria Vg Woods sold 12,058 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the transaction, the insider directly owned 163,162 shares of the company’s stock, valued at approximately $615,120.74. The trade was a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

National CineMedia Price Performance

Shares of National CineMedia stock opened at $3.97 on Friday. The company has a market capitalization of $372.31 million, a P/E ratio of -44.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82. The business has a 50-day moving average of $3.44 and a two-hundred day moving average of $3.51. National CineMedia, Inc. has a 1 year low of $2.78 and a 1 year high of $5.14.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.03. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.The business had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $32.92 million.

National CineMedia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 3.0%. National CineMedia’s payout ratio is presently -133.33%.

Hedge Funds Weigh In On National CineMedia

A number of large investors have recently bought and sold shares of NCMI. American Century Companies Inc. raised its holdings in shares of National CineMedia by 2.2% in the second quarter. American Century Companies Inc. now owns 145,233 shares of the business services provider’s stock valued at $704,000 after purchasing an additional 3,110 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in National CineMedia by 8.1% during the fourth quarter. EntryPoint Capital LLC now owns 55,439 shares of the business services provider’s stock worth $216,000 after purchasing an additional 4,142 shares during the last quarter. Inscription Capital LLC boosted its holdings in National CineMedia by 32.7% during the fourth quarter. Inscription Capital LLC now owns 17,214 shares of the business services provider’s stock worth $67,000 after purchasing an additional 4,246 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in National CineMedia by 16.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,712 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 5,390 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its position in National CineMedia by 4.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 124,626 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 5,440 shares in the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wedbush dropped their price objective on shares of National CineMedia from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings lowered shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded National CineMedia from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.38.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.