Insider Selling: National CineMedia, Inc. (NASDAQ:NCMI) EVP Sells 23,742 Shares of Stock

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

National CineMedia Price Performance

National CineMedia stock opened at $6.64 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. National CineMedia, Inc. has a one year low of $3.65 and a one year high of $7.60. The firm has a market capitalization of $630.24 million, a P/E ratio of -26.56 and a beta of 2.07. The business has a fifty day moving average price of $6.91 and a 200-day moving average price of $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 for the quarter, compared to analysts’ expectations of $58.20 million. During the same period in the previous year, the firm earned $0.33 EPS. As a group, equities research analysts forecast that National CineMedia, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of National CineMedia by 240.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,697 shares of the business services provider’s stock worth $5,088,000 after acquiring an additional 509,756 shares during the last quarter. Luxor Capital Group LP boosted its holdings in shares of National CineMedia by 1,581.1% in the 2nd quarter. Luxor Capital Group LP now owns 490,809 shares of the business services provider’s stock worth $2,155,000 after purchasing an additional 461,614 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of National CineMedia by 5.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,936,947 shares of the business services provider’s stock valued at $48,905,000 after purchasing an additional 365,360 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of National CineMedia by 124.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 469,338 shares of the business services provider’s stock valued at $3,309,000 after buying an additional 260,689 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in National CineMedia in the 2nd quarter worth approximately $979,000. Institutional investors own 69.49% of the company’s stock.

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.