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

National CineMedia, Inc. (NASDAQ:NCMI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.50 and traded as high as $3.97. National CineMedia shares last traded at $3.78, with a volume of 383,419 shares.

Analyst Ratings Changes

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

National CineMedia Stock Down 4.1%

The firm has a market capitalization of $354.49 million, a price-to-earnings ratio of -42.00 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. The business has a 50 day moving average of $3.50 and a 200 day moving average of $3.50.

National CineMedia (NASDAQ:NCMI) last posted its earnings results 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. The business had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $32.92 million. National CineMedia had a negative net margin of 3.47% and a negative return on equity of 1.80%.

National CineMedia Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, May 22nd. National CineMedia’s payout ratio is currently -133.33%.

Insider Activity at National CineMedia

In other National CineMedia news, insider Maria Vg Woods sold 12,058 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $3.77, for a total transaction of $45,458.66. Following the completion of the sale, the insider owned 163,162 shares in the company, valued at approximately $615,120.74. The trade was a 6.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of National CineMedia

A number of institutional investors and hedge funds have recently modified their holdings of NCMI. Orbis Allan Gray Ltd raised its stake 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 worth $37,048,000 after buying an additional 4,218,288 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of National CineMedia by 34.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider’s stock worth $27,742,000 after acquiring an additional 1,568,376 shares in the last quarter. Vanguard Group Inc. lifted its position in National CineMedia by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,519,377 shares of the business services provider’s stock valued at $20,382,000 after acquiring an additional 12,172 shares in the last quarter. Barclays PLC boosted its stake in National CineMedia by 30.1% in the 4th quarter. Barclays PLC now owns 2,003,352 shares of the business services provider’s stock worth $7,793,000 after purchasing an additional 463,112 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of National CineMedia by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,997,905 shares of the business services provider’s stock valued at $6,094,000 after purchasing an additional 62,395 shares in the last quarter. 69.49% of the stock is owned by institutional investors.

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.