Insider Selling: National CineMedia, Inc. (NASDAQ:NCMI) EVP Sells $154,560.42 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $6.51, for a total value of $154,560.42. Following the sale, the executive vice president now directly owns 66,987 shares of the company’s stock, valued at $436,085.37. This represents a 26.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

National CineMedia Price Performance

Shares of NASDAQ NCMI opened at $6.64 on Thursday. The stock has a market cap of $630.24 million, a price-to-earnings ratio of -26.56 and a beta of 2.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.46 and a current ratio of 2.46. National CineMedia, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $7.60. The firm’s 50-day simple moving average is $6.91 and its 200 day simple moving average is $6.34.

National CineMedia (NASDAQ:NCMI) last posted its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The company had revenue of $62.40 million during the quarter, compared to the consensus estimate of $58.20 million. During the same quarter in the prior year, the business earned $0.33 EPS. As a group, research analysts anticipate that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on NCMI. Barrington Research boosted their price target on National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Benchmark reiterated a “buy” rating and issued a $8.00 price target on shares of National CineMedia in a research note on Monday, September 23rd. StockNews.com upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $7.50 price target (up previously from $6.00) on shares of National CineMedia in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, National CineMedia presently has an average rating of “Moderate Buy” and a consensus target price of $8.06.

Institutional Trading of National CineMedia

Several institutional investors have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in National CineMedia by 5.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock worth $48,905,000 after purchasing an additional 365,360 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of National CineMedia by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,963 shares of the business services provider’s stock worth $13,835,000 after buying an additional 15,605 shares in the last quarter. State Street Corp boosted its stake in shares of National CineMedia by 23.8% in the 3rd quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after buying an additional 222,498 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of National CineMedia by 240.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock valued at $5,088,000 after acquiring an additional 509,756 shares in the last quarter. Finally, Luxor Capital Group LP increased its position in shares of National CineMedia by 1,581.1% during the second quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 461,614 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

About National CineMedia

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.