Insider Selling: National CineMedia, Inc. (NASDAQ:NCMI) EVP Sells 23,742 Shares of Stock

National CineMedia, Inc. (NASDAQ:NCMI) EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the transaction, the executive vice president now owns 66,987 shares of the company’s stock, valued at $436,085.37. This represents a 26.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

National CineMedia Stock Performance

Shares of NCMI stock traded down $0.14 during midday trading on Monday, hitting $6.47. The company had a trading volume of 830,384 shares, compared to its average volume of 609,475. The stock has a market cap of $614.10 million, a price-to-earnings ratio of -25.88 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. The company’s 50 day simple moving average is $6.93 and its 200 day simple moving average is $6.31. National CineMedia, Inc. has a 52-week low of $3.65 and a 52-week high of $7.60.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $58.20 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. During the same quarter last year, the business earned $0.33 earnings per share. Research analysts anticipate that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wedbush reiterated a “neutral” rating and set a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a research note on Monday, November 4th. StockNews.com raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Barrington Research raised their target price on National CineMedia from $7.50 to $8.25 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Benchmark restated a “buy” rating and set a $8.00 target price on shares of National CineMedia in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NCMI. Intech Investment Management LLC acquired a new stake in National CineMedia in the third quarter valued at about $97,000. The Manufacturers Life Insurance Company purchased a new position in shares of National CineMedia during the 2nd quarter worth approximately $124,000. Hill Investment Group Partners LLC lifted its holdings in shares of National CineMedia by 100.9% in the 2nd quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider’s stock valued at $151,000 after buying an additional 17,276 shares during the period. Squarepoint Ops LLC boosted its stake in shares of National CineMedia by 7.9% in the second quarter. Squarepoint Ops LLC now owns 42,835 shares of the business services provider’s stock valued at $188,000 after buying an additional 3,132 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in National CineMedia by 102.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 48,418 shares of the business services provider’s stock worth $213,000 after acquiring an additional 24,521 shares during the period. 69.49% of the stock is currently owned by institutional investors and hedge funds.

National CineMedia Company Profile

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.