National CineMedia (NASDAQ:NCMI) Insider Maria Vg Woods Sells 12,189 Shares of Company Stock

by · The Markets Daily

National CineMedia, Inc. (NASDAQ:NCMI – Get Free Report) insider Maria Woods sold 12,189 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $2.09, for a total value of $25,475.01. Following the sale, the insider owned 176,806 shares of the company’s stock, valued at approximately $369,524.54. The trade was 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 accessible through the SEC website.

National CineMedia Trading Down 0.5%

Shares of National CineMedia stock traded down $0.01 during trading hours on Friday, reaching $2.11. The stock had a trading volume of 757,077 shares, compared to its average volume of 637,467. The firm has a 50 day simple moving average of $2.84 and a two-hundred day simple moving average of $3.24. The firm has a market capitalization of $197.88 million, a price-to-earnings ratio of -23.44 and a beta of 1.61. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.04. National CineMedia, Inc. has a 1 year low of $2.00 and a 1 year high of $4.56.

National CineMedia (NASDAQ:NCMI – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $58.40 million during the quarter, compared to analyst estimates of $59.34 million. As a group, equities research analysts anticipate that National CineMedia, Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new position in National CineMedia in the first quarter valued at about $44,000. Renaissance Technologies LLC acquired a new position in shares of National CineMedia in the 1st quarter valued at approximately $59,000. Sequoia Financial Advisors LLC acquired a new position in shares of National CineMedia in the 2nd quarter valued at approximately $60,000. Bank of America Corp DE boosted its stake in shares of National CineMedia by 38.7% during the 1st quarter. Bank of America Corp DE now owns 74,983 shares of the business services provider’s stock valued at $229,000 after buying an additional 20,928 shares during the last quarter. Finally, EVR Research LP acquired a new stake in shares of National CineMedia during the fourth quarter worth approximately $389,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on NCMI

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.

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