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 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 directly owned 163,162 shares of the company’s stock, valued at approximately $615,120.74. The trade was a 6.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

National CineMedia Price Performance

Shares of NCMI stock opened at $3.97 on Friday. The stock’s fifty day simple moving average is $3.44 and its 200 day simple moving average is $3.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market cap of $372.31 million, a price-to-earnings ratio of -44.11 and a beta of 1.36. National CineMedia, Inc. has a one year low of $2.78 and a one year high of $5.14.

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

National CineMedia Dividend Announcement

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

Institutional Trading of National CineMedia

Several large investors have recently made changes to their positions in the business. Lunate Capital Ltd acquired a new position in National CineMedia during the 3rd quarter worth about $36,740,000. Luxor Capital Group LP increased its position in National CineMedia by 29.2% in the 3rd quarter. Luxor Capital Group LP now owns 1,074,058 shares of the business services provider’s stock valued at $4,844,000 after acquiring an additional 242,450 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in National CineMedia in the 1st quarter valued at about $44,000. Bank of America Corp DE raised its stake in shares of 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 worth $229,000 after acquiring an additional 20,928 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of National CineMedia in the first quarter worth about $59,000. Institutional investors own 69.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NCMI. Weiss Ratings downgraded shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of National CineMedia from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Wedbush dropped their price objective on shares of National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.38.

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.