Maria Vg Woods Sells 12,058 Shares of National CineMedia (NASDAQ:NCMI) Stock

National CineMedia, Inc. (NASDAQ:NCMI) 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 transaction of $45,458.66. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

National CineMedia Trading Up 5.3%

Shares of National CineMedia stock traded up $0.20 on Thursday, hitting $3.97. The stock had a trading volume of 470,752 shares, compared to its average volume of 430,696. National CineMedia, Inc. has a twelve month low of $2.78 and a twelve month high of $5.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $372.31 million, a P/E ratio of -44.11 and a beta of 1.35. The stock has a 50 day moving average of $3.42 and a 200 day moving average of $3.51.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.The business had revenue of $34.00 million during the quarter, compared to the consensus estimate of $32.92 million.

National CineMedia Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, May 22nd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 22nd. National CineMedia’s payout ratio is currently -133.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wedbush decreased their price target on shares of National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen upgraded National CineMedia from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings lowered National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, National CineMedia has a consensus rating of “Hold” and a consensus target price of $5.38.

Hedge Funds Weigh In On National CineMedia

A number of hedge funds have recently added to or reduced their stakes in NCMI. Quantbot Technologies LP purchased a new stake in shares of National CineMedia in the third quarter worth approximately $34,000. Graham Capital Management L.P. bought a new stake in National CineMedia during the fourth quarter worth $40,000. Strs Ohio bought a new stake in National CineMedia during the first quarter worth $43,000. NewEdge Advisors LLC purchased a new stake in National CineMedia in the 1st quarter valued at $44,000. Finally, Jump Financial LLC bought a new position in National CineMedia during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 69.49% of the company’s stock.

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.