National CineMedia, Inc. (NASDAQ:NCMI – Get Free Report) insider Maria Vg Woods sold 12,058 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the transaction, the insider owned 163,162 shares of the company’s stock, valued at approximately $615,120.74. This represents a 6.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
National CineMedia Stock Up 5.3%
Shares of NASDAQ:NCMI opened at $3.97 on Friday. The company has a market capitalization of $372.31 million, a price-to-earnings ratio of -44.11 and a beta of 1.36. The company has a 50 day moving average of $3.43 and a two-hundred day moving average of $3.51. National CineMedia, Inc. has a 52-week low of $2.78 and a 52-week high of $5.14. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.03.
National CineMedia (NASDAQ:NCMI – Get Free Report) last posted its earnings results on Tuesday, May 12th. The business services provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. The business had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $32.92 million. National CineMedia had a negative net margin of 3.47% and a negative return on equity of 1.80%.
National CineMedia Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of National CineMedia by 59.8% during the first quarter. AQR Capital Management LLC now owns 488,025 shares of the business services provider’s stock worth $2,850,000 after acquiring an additional 182,548 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of National CineMedia in the first quarter valued at approximately $255,000. Goldman Sachs Group Inc. raised its holdings in shares of National CineMedia by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 683,614 shares of the business services provider’s stock valued at $3,992,000 after buying an additional 120,079 shares during the last quarter. Jane Street Group LLC boosted its position in shares of National CineMedia by 511.8% during the first quarter. Jane Street Group LLC now owns 93,061 shares of the business services provider’s stock worth $543,000 after buying an additional 77,849 shares during the period. Finally, Strs Ohio acquired a new position in shares of National CineMedia during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 69.49% of the company’s stock.
Wall Street Analysts Forecast Growth
NCMI has been the subject of several research analyst reports. Weiss Ratings cut National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wedbush cut their price target 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. Finally, Wall Street Zen upgraded shares of National CineMedia from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.38.
Get Our Latest Research Report on National CineMedia
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.
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