National CineMedia (NASDAQ:NCMI) EVP Sells $35,177.27 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) EVP Maria Vg Woods sold 9,043 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $3.89, for a total value of $35,177.27. Following the sale, the executive vice president directly owned 129,330 shares in the company, valued at approximately $503,093.70. The trade was a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

National CineMedia Stock Down 0.3%

NASDAQ NCMI traded down $0.01 on Tuesday, reaching $3.85. 195,984 shares of the stock traded hands, compared to its average volume of 592,022. The firm’s fifty day simple moving average is $4.11 and its 200 day simple moving average is $4.47. The company has a market cap of $361.25 million, a price-to-earnings ratio of -25.66 and a beta of 1.36. National CineMedia, Inc. has a 12 month low of $3.81 and a 12 month high of $7.25.

National CineMedia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.12 annualized dividend and a yield of 3.1%. National CineMedia’s dividend payout ratio (DPR) is currently -80.00%.

Analysts Set New Price Targets

NCMI has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of National CineMedia in a report on Monday. Zacks Research raised shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 18th. Wedbush restated an “outperform” rating and set a $6.00 target price (down from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Barrington Research decreased their price target on shares of National CineMedia from $7.00 to $6.50 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, National CineMedia currently has a consensus rating of “Hold” and an average target price of $6.60.

Institutional Investors Weigh In On National CineMedia

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in National CineMedia during the 3rd quarter worth approximately $34,000. Strs Ohio purchased a new stake in shares of National CineMedia in the first quarter valued at $43,000. Inscription Capital LLC acquired a new stake in shares of National CineMedia in the third quarter worth $58,000. BNP Paribas Financial Markets grew its holdings in shares of National CineMedia by 103.2% during the third quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock valued at $58,000 after buying an additional 6,549 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of National CineMedia by 137.1% during the second quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock valued at $69,000 after buying an additional 8,285 shares in the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.