Insider Selling: National CineMedia, Inc. (NASDAQ:NCMI) CEO Sells $22,993.12 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) CEO Thomas F. Lesinski sold 4,388 shares of the firm’s stock in a transaction on Sunday, August 4th. The stock was sold at an average price of $5.24, for a total value of $22,993.12. Following the completion of the transaction, the chief executive officer now directly owns 86,821 shares in the company, valued at $454,942.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

National CineMedia Trading Up 1.2 %

Shares of NCMI stock opened at $6.06 on Friday. National CineMedia, Inc. has a 52-week low of $3.17 and a 52-week high of $6.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market capitalization of $585.23 million, a PE ratio of 0.18 and a beta of 2.03. The stock has a fifty day simple moving average of $5.02 and a two-hundred day simple moving average of $4.72.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of National CineMedia by 102.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 48,418 shares of the business services provider’s stock valued at $213,000 after purchasing an additional 24,521 shares in the last quarter. American Century Companies Inc. grew its position in shares of National CineMedia by 20.4% during the second quarter. American Century Companies Inc. now owns 89,555 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 15,177 shares in the last quarter. Hill Investment Group Partners LLC grew its position in shares of National CineMedia by 100.9% during the second quarter. Hill Investment Group Partners LLC now owns 34,392 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 17,276 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of National CineMedia during the second quarter valued at about $427,000. Finally, Bank of New York Mellon Corp purchased a new position in National CineMedia in the second quarter worth about $979,000. Hedge funds and other 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.