National CineMedia (NASDAQ:NCMI) Insider Sells $25,475.01 in Stock

National CineMedia, Inc. (NASDAQ:NCMI – Get Free Report) insider Maria Woods sold 12,189 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $2.09, for a total transaction of $25,475.01. Following the completion of the sale, the insider owned 176,806 shares in the company, valued at $369,524.54. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

National CineMedia Price Performance

Shares of National CineMedia stock traded down $0.01 during trading on Friday, hitting $2.11. 757,077 shares of the company were exchanged, compared to its average volume of 637,467. National CineMedia, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $4.56. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $2.84 and a 200 day moving average price of $3.24. The stock has a market capitalization of $197.88 million, a price-to-earnings ratio of -23.44 and a beta of 1.61.

National CineMedia (NASDAQ:NCMI – Get Free Report) last announced its earnings results on Tuesday, August 11th. The business services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). National CineMedia had a negative net margin of 3.05% and a negative return on equity of 1.31%. The company had revenue of $58.40 million for the quarter, compared to analyst estimates of $59.34 million. On average, equities analysts expect that National CineMedia, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Trading of National CineMedia

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new position in shares of National CineMedia during the 1st quarter valued at about $44,000. Sequoia Financial Advisors LLC acquired a new stake in shares of National CineMedia in the second quarter worth approximately $60,000. Renaissance Technologies LLC acquired a new stake in shares of National CineMedia in the first quarter worth approximately $59,000. Bank of America Corp DE grew its holdings in National CineMedia by 38.7% in the first quarter. Bank of America Corp DE now owns 74,983 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 20,928 shares during the period. Finally, EVR Research LP purchased a new stake in National CineMedia in the fourth quarter valued at approximately $389,000. 69.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wedbush set a $5.00 target price on shares of National CineMedia and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Barrington Research set a $4.25 price target on shares of National CineMedia in a research note on Wednesday, August 12th. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. Wall Street Zen lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. Finally, Weiss Ratings raised shares of National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, National CineMedia presently has an average rating of “Moderate Buy” and a consensus price target of $4.81.

Read Our Latest Stock Analysis on National CineMedia

National CineMedia Company Profile

(Get Free Report)

National CineMedia, LLC (NASDAQ:NCMI) is a cinema advertising company that connects brands with moviegoers through advertising and entertainment content shown in movie theaters. Its core offering is the FirstLook pre-show, which combines national and local advertising with entertainment programming before feature films.

The company provides on-screen advertising, lobby promotions, digital and experiential marketing, and other cinema-based campaigns. Its services are designed to help national, regional and local advertisers reach audiences in a theatrical environment, often in coordination with movie releases and other entertainment events.

National CineMedia primarily serves the United States through relationships with cinema operators and theater locations across the country.

Further Reading

Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.com's FREE daily email newsletter.