Insider Selling: National CineMedia, Inc. (NASDAQ:NCMI) CEO Sells 4,388 Shares of Stock

National CineMedia, Inc. (NASDAQ:NCMI) CEO Thomas F. Lesinski sold 4,388 shares of the business’s stock in a transaction dated Sunday, August 4th. The stock was sold at an average price of $5.24, for a total transaction of $22,993.12. Following the transaction, the chief executive officer now owns 86,821 shares in the company, valued at $454,942.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

National CineMedia Price Performance

Shares of NCMI stock opened at $6.06 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.76 and a quick ratio of 2.76. The firm’s 50-day moving average is $5.02 and its two-hundred day moving average is $4.72. National CineMedia, Inc. has a 12 month low of $3.17 and a 12 month high of $6.50. The company has a market capitalization of $585.23 million, a PE ratio of 0.18 and a beta of 2.03.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). National CineMedia had a return on equity of 3.45% and a net margin of 426.76%. The firm had revenue of $54.70 million for the quarter, compared to analysts’ expectations of $49.87 million. During the same period last year, the firm earned ($0.07) earnings per share. Analysts predict that National CineMedia, Inc. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NCMI shares. Wedbush restated a “neutral” rating and set a $6.00 price target on shares of National CineMedia in a research report on Tuesday. Barrington Research upgraded shares of National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a research report on Tuesday. StockNews.com lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, Benchmark restated a “speculative buy” rating and set a $6.00 price target on shares of National CineMedia in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.56.

Hedge Funds Weigh In On National CineMedia

A number of institutional investors have recently bought and sold shares of NCMI. SG Americas Securities LLC purchased a new stake in shares of National CineMedia in the 2nd quarter valued at approximately $56,000. Fermata Advisors LLC purchased a new stake in shares of National CineMedia in the 2nd quarter valued at approximately $92,000. Bayesian Capital Management LP purchased a new stake in shares of National CineMedia in the 1st quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. raised its stake in shares of National CineMedia by 38.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 6,690 shares during the period. Finally, Virtu Financial LLC raised its stake in shares of National CineMedia by 13.8% in the 1st quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 3,172 shares during the period. 69.49% of the stock is owned by hedge funds and other institutional investors.

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.