National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) EVP Maria Vg Woods sold 9,038 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $4.82, for a total value of $43,563.16. Following the completion of the transaction, the executive vice president owned 111,246 shares in the company, valued at $536,205.72. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
National CineMedia Price Performance
Shares of NASDAQ NCMI traded up $0.11 during midday trading on Thursday, reaching $4.78. 231,558 shares of the stock were exchanged, compared to its average volume of 608,870. National CineMedia, Inc. has a 12 month low of $4.12 and a 12 month high of $7.60. The company has a market capitalization of $450.28 million, a price-to-earnings ratio of -25.13 and a beta of 2.06. The business has a 50-day simple moving average of $5.25 and a two-hundred day simple moving average of $5.97.
National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). The company had revenue of $34.90 million for the quarter, compared to the consensus estimate of $35.13 million. National CineMedia had a negative return on equity of 2.83% and a negative net margin of 7.68%. Equities research analysts expect that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.
National CineMedia Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, May 16th. National CineMedia's dividend payout ratio is currently -63.16%.
Analyst Ratings Changes
NCMI has been the subject of a number of analyst reports. William Blair reaffirmed a "neutral" rating and issued a $7.50 price target on shares of National CineMedia in a research report on Friday, March 7th. Barrington Research reissued an "outperform" rating and issued a $7.00 price target on shares of National CineMedia in a report on Friday, March 14th. B. Riley lowered shares of National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a research report on Friday, May 16th. Wedbush restated an "outperform" rating and set a $7.50 price target on shares of National CineMedia in a research note on Thursday, May 1st. Finally, Benchmark dropped their price target on National CineMedia from $8.00 to $7.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, National CineMedia currently has an average rating of "Hold" and a consensus price target of $7.00.
Check Out Our Latest Research Report on NCMI
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in National CineMedia by 5.6% during the first quarter. Vanguard Group Inc. now owns 4,358,287 shares of the business services provider's stock worth $25,452,000 after buying an additional 232,702 shares during the last quarter. Wellington Management Group LLP increased its holdings in National CineMedia by 21.1% during the 1st quarter. Wellington Management Group LLP now owns 3,538,933 shares of the business services provider's stock worth $20,667,000 after purchasing an additional 615,417 shares in the last quarter. Sycale Advisors NY LLC bought a new position in National CineMedia during the 4th quarter valued at $14,147,000. Charles Schwab Investment Management Inc. increased its position in shares of National CineMedia by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider's stock valued at $4,840,000 after acquiring an additional 7,218 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in National CineMedia during the fourth quarter valued at $4,546,000. Institutional investors own 69.49% of the company's stock.
About National CineMedia
(
Get Free Report)
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.
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