National CineMedia (NASDAQ:NCMI) Insider Sells $25,475.01 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) insider Maria Woods sold 12,189 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $2.09, for a total value of $25,475.01. Following the sale, the insider owned 176,806 shares in the company, valued at $369,524.54. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

National CineMedia Stock Performance

NASDAQ:NCMI opened at $2.11 on Monday. National CineMedia, Inc. has a 12-month low of $2.00 and a 12-month high of $4.56. The firm has a market capitalization of $197.88 million, a P/E ratio of -23.44 and a beta of 1.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50 day simple moving average of $2.81 and a 200 day simple moving average of $3.23.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings data on Tuesday, August 11th. The business services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $58.40 million for the quarter, compared to the consensus estimate of $59.34 million. National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%. Equities research analysts predict that National CineMedia, Inc. will post 0.17 EPS for the current year.

Institutional Investors Weigh In On National CineMedia

A number of institutional investors have recently added to or reduced their stakes in NCMI. NewEdge Advisors LLC bought a new position in National CineMedia during the 1st quarter valued at $44,000. Renaissance Technologies LLC bought a new position in National CineMedia during the first quarter valued at about $59,000. Sequoia Financial Advisors LLC bought a new position in National CineMedia during the second quarter valued at about $60,000. Bank of America Corp DE grew its holdings in National CineMedia by 38.7% during 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 period. Finally, EVR Research LP bought a new stake in National CineMedia in the fourth quarter worth about $389,000. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on NCMI. Wall Street Zen cut shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Sunday, September 6th. Wedbush set a $5.00 target price on shares of National CineMedia and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Barrington Research set a $4.25 target price on shares of National CineMedia in a research report on Wednesday, August 12th. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Finally, Weiss Ratings raised National CineMedia from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, National CineMedia currently has an average rating of “Moderate Buy” and an average price target of $4.81.

National CineMedia Company Profile

National CineMedia, Inc (NASDAQ:NCMI) is a media company focused on advertising and entertainment in movie theaters. Through its Noovie pre-show network, the company delivers advertising, branded content, movie-related entertainment and other programming to audiences before films begin.

National CineMedia sells and distributes national, regional and local advertising campaigns across participating cinema locations in the United States. Its offerings can include on-screen video advertising, interactive promotions, lobby advertising and other theater-based marketing programs designed to connect brands with moviegoers.

The company was established in 2005 and became a publicly traded company in 2007.