National CineMedia, Inc. (NASDAQ:NCMI) CEO Sells $56,134.08 in Stock

National CineMedia, Inc. (NASDAQ:NCMIGet Rating) CEO Thomas F. Lesinski sold 31,536 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $1.78, for a total transaction of $56,134.08. Following the transaction, the chief executive officer now owns 315,717 shares of the company’s stock, valued at approximately $561,976.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

National CineMedia Price Performance

Shares of NASDAQ:NCMI traded down $0.05 during trading on Friday, reaching $1.73. The stock had a trading volume of 1,348,264 shares, compared to its average volume of 1,084,192. National CineMedia, Inc. has a 52 week low of $0.88 and a 52 week high of $3.97. The business’s 50-day moving average price is $1.17 and its 200 day moving average price is $2.01. The stock has a market capitalization of $141.43 million, a PE ratio of -2.58 and a beta of 1.76.

National CineMedia (NASDAQ:NCMIGet Rating) last posted its earnings results on Monday, May 9th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $35.90 million for the quarter, compared to the consensus estimate of $33.45 million. During the same period in the prior year, the business earned ($0.25) EPS. The company’s revenue was up 564.8% compared to the same quarter last year. Analysts forecast that National CineMedia, Inc. will post -0.22 EPS for the current year.

National CineMedia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 7th. Stockholders of record on Monday, May 23rd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend was Friday, May 20th. National CineMedia’s dividend payout ratio (DPR) is currently -17.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NCMI. B. Riley cut their price target on shares of National CineMedia from $4.00 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, June 21st. Wedbush restated an “outperform” rating and set a $4.00 price target on shares of National CineMedia in a research note on Thursday.

Institutional Trading of National CineMedia

A number of hedge funds and other institutional investors have recently modified their holdings of NCMI. ProShare Advisors LLC acquired a new stake in shares of National CineMedia in the fourth quarter valued at approximately $37,000. Byrne Asset Management LLC increased its holdings in shares of National CineMedia by 151.7% in the second quarter. Byrne Asset Management LLC now owns 63,209 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 38,100 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of National CineMedia by 264.3% in the fourth quarter. New York State Common Retirement Fund now owns 26,165 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 18,982 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of National CineMedia by 98.9% in the fourth quarter. Centaurus Financial Inc. now owns 37,546 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 18,671 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of National CineMedia by 112.9% in the first quarter. UBS Group AG now owns 48,361 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 25,650 shares in the last quarter.

National CineMedia Company Profile

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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 pre-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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