National CineMedia, Inc. (NASDAQ:NCMI – Get Free Report) EVP Maria Vg Woods sold 9,039 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $4.44, for a total transaction of $40,133.16. Following the completion of the transaction, the executive vice president owned 118,998 shares in the company, valued at $528,351.12. This trade represents a 7.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Maria Vg Woods also recently made the following trade(s):
- On Wednesday, September 17th, Maria Vg Woods sold 2,584 shares of National CineMedia stock. The stock was sold at an average price of $5.00, for a total transaction of $12,920.00.
National CineMedia Stock Down 3.6%
Shares of NASDAQ:NCMI opened at $4.30 on Friday. The firm’s 50 day moving average price is $4.59 and its 200-day moving average price is $5.10. National CineMedia, Inc. has a twelve month low of $4.12 and a twelve month high of $7.60. The stock has a market capitalization of $402.99 million, a PE ratio of -20.48 and a beta of 1.90.
National CineMedia Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, August 15th. National CineMedia’s dividend payout ratio is -57.14%.
Institutional Investors Weigh In On National CineMedia
A number of institutional investors have recently added to or reduced their stakes in NCMI. GAMMA Investing LLC grew its holdings in National CineMedia by 502.0% during the 1st quarter. GAMMA Investing LLC now owns 5,081 shares of the business services provider’s stock valued at $30,000 after buying an additional 4,237 shares in the last quarter. Strs Ohio purchased a new stake in National CineMedia during the 1st quarter valued at approximately $43,000. Kapitalo Investimentos Ltda purchased a new stake in National CineMedia during the 1st quarter valued at approximately $63,000. Legal & General Group Plc grew its holdings in National CineMedia by 137.1% during the 2nd quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock valued at $69,000 after buying an additional 8,285 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of National CineMedia by 66.9% in the first quarter. CWM LLC now owns 14,873 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 5,961 shares in the last quarter. 69.49% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NCMI has been the subject of several analyst reports. Benchmark reduced their target price on shares of National CineMedia from $8.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, June 25th. Zacks Research raised shares of National CineMedia from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Wedbush set a $7.00 target price on shares of National CineMedia and gave the stock an “outperform” rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, National CineMedia has an average rating of “Moderate Buy” and an average price target of $6.90.
View Our Latest Stock Report on National CineMedia
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.
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