Maria Vg Woods Sells 12,066 Shares of National CineMedia (NASDAQ:NCMI) Stock

National CineMedia, Inc. (NASDAQ:NCMI) EVP Maria Vg Woods sold 12,066 shares of National CineMedia stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $3.04, for a total transaction of $36,680.64. Following the completion of the sale, the executive vice president owned 143,097 shares of the company’s stock, valued at $435,014.88. This represents a 7.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

National CineMedia Price Performance

Shares of National CineMedia stock opened at $3.00 on Friday. The company has a market cap of $279.84 million, a price-to-earnings ratio of -30.00 and a beta of 1.40. The company’s 50 day moving average is $3.38 and its 200 day moving average is $3.89. National CineMedia, Inc. has a twelve month low of $2.92 and a twelve month high of $6.18. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Thursday, February 26th. The business services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. National CineMedia had a negative net margin of 4.32% and a negative return on equity of 2.29%. Research analysts anticipate that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.12 annualized dividend and a dividend yield of 4.0%. National CineMedia’s payout ratio is presently -120.00%.

Institutional Investors Weigh In On National CineMedia

Institutional investors and hedge funds have recently bought and sold shares of the business. Zazove Associates LLC raised its stake in National CineMedia by 42.8% during the 4th quarter. Zazove Associates LLC now owns 257,375 shares of the business services provider’s stock valued at $1,001,000 after purchasing an additional 77,136 shares during the period. EVR Research LP bought a new position in National CineMedia in the 4th quarter worth approximately $389,000. Orbis Allan Gray Ltd grew its holdings in National CineMedia by 79.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 9,523,889 shares of the business services provider’s stock valued at $37,048,000 after buying an additional 4,218,288 shares in the last quarter. Jump Financial LLC purchased a new stake in National CineMedia during the 4th quarter valued at approximately $53,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of National CineMedia by 16.2% during the fourth 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 last quarter. 69.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NCMI. Weiss Ratings raised National CineMedia from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, February 27th. Benchmark reduced their price target on shares of National CineMedia from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Barrington Research lowered their price objective on shares of National CineMedia from $6.50 to $5.50 and set an “outperform” rating on the stock in a research note on Monday, January 26th. B. Riley Financial cut their target price on shares of National CineMedia from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.38.

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.