National CineMedia (NASDAQ:NCMI) Share Price Passes Above 200-Day Moving Average – Should You Sell?

National CineMedia, Inc. (NASDAQ:NCMI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.50 and traded as high as $3.88. National CineMedia shares last traded at $3.88, with a volume of 198,973 shares traded.

Analysts Set New Price Targets

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

National CineMedia Price Performance

The company’s 50-day simple moving average is $3.46 and its 200-day simple moving average is $3.50. The company has a market cap of $363.87 million, a price-to-earnings ratio of -43.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.82 and a quick ratio of 1.82.

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

National CineMedia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors 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 yield of 3.1%. National CineMedia’s dividend payout ratio is currently -133.33%.

Insider Activity

In other news, insider Maria Vg Woods sold 12,058 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total value of $45,458.66. Following the sale, the insider owned 163,162 shares in the company, valued at approximately $615,120.74. This represents a 6.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On National CineMedia

Several large investors have recently added to or reduced their stakes in NCMI. American Century Companies Inc. lifted its position in shares of National CineMedia by 2.2% in the 2nd quarter. American Century Companies Inc. now owns 145,233 shares of the business services provider’s stock worth $704,000 after buying an additional 3,110 shares during the last quarter. EntryPoint Capital LLC boosted its position in shares of National CineMedia by 8.1% during the fourth quarter. EntryPoint Capital LLC now owns 55,439 shares of the business services provider’s stock worth $216,000 after buying an additional 4,142 shares during the period. Inscription Capital LLC grew its stake in shares of National CineMedia by 32.7% in the fourth quarter. Inscription Capital LLC now owns 17,214 shares of the business services provider’s stock worth $67,000 after purchasing an additional 4,246 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in National CineMedia by 16.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,712 shares of the business services provider’s stock valued at $151,000 after buying an additional 5,390 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of National CineMedia by 4.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 124,626 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 5,440 shares during the period. 69.49% of the stock is currently owned by institutional investors.

National CineMedia Company Profile

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.