National CineMedia, Inc. (NASDAQ:NCMI – Get Free Report) EVP Maria Vg Woods sold 23,742 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $6.51, for a total transaction of $154,560.42. Following the sale, the executive vice president now owns 66,987 shares in the company, valued at $436,085.37. This represents a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
National CineMedia Trading Up 2.6 %
NASDAQ NCMI opened at $6.64 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. National CineMedia, Inc. has a 1-year low of $3.65 and a 1-year high of $7.60. The firm’s fifty day simple moving average is $6.92 and its 200-day simple moving average is $6.32. The company has a market capitalization of $630.24 million, a PE ratio of -26.56 and a beta of 2.07.
National CineMedia (NASDAQ:NCMI – Get Free Report) last issued its earnings results on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The firm had revenue of $62.40 million during the quarter, compared to analyst estimates of $58.20 million. During the same period in the previous year, the company earned $0.33 earnings per share. As a group, sell-side analysts anticipate that National CineMedia, Inc. will post -0.14 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on NCMI
Hedge Funds Weigh In On National CineMedia
A number of hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new stake in National CineMedia in the second quarter valued at approximately $427,000. Charles Schwab Investment Management Inc. raised 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 valued at $5,088,000 after purchasing an additional 509,756 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of National CineMedia in the 2nd quarter valued at $979,000. MetLife Investment Management LLC acquired a new stake in shares of National CineMedia in the 3rd quarter valued at $292,000. Finally, State Street Corp boosted its holdings in National CineMedia by 23.8% in the third quarter. State Street Corp now owns 1,157,488 shares of the business services provider’s stock worth $8,160,000 after purchasing an additional 222,498 shares in the last quarter. Institutional investors and hedge funds 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.
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