National CineMedia, Inc. (NASDAQ:NCMI – Get Free Report) EVP Maria Vg Woods sold 9,039 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $4.44, for a total transaction of $40,133.16. Following the completion of the transaction, the executive vice president directly owned 118,998 shares of the company’s stock, valued at approximately $528,351.12. This trade represents a 7.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Maria Vg Woods also recently made the following trade(s):
- On Wednesday, September 17th, Maria Vg Woods sold 2,584 shares of National CineMedia stock. The stock was sold at an average price of $5.00, for a total value of $12,920.00.
National CineMedia Stock Down 3.6%
Shares of NCMI opened at $4.30 on Friday. The company has a market cap of $402.99 million, a PE ratio of -20.48 and a beta of 1.90. The business has a fifty day moving average of $4.59 and a 200 day moving average of $5.10. National CineMedia, Inc. has a 52-week low of $4.12 and a 52-week high of $7.60.
National CineMedia Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.03 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.12 dividend on an annualized basis and a yield of 2.8%. National CineMedia’s dividend payout ratio (DPR) is currently -57.14%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Wedbush set a $7.00 price target on National CineMedia and gave the stock an “outperform” rating in a research report on Monday, August 4th. Zacks Research upgraded National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Benchmark decreased their target price on National CineMedia from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.90.
Read Our Latest Report on NCMI
Institutional Trading of National CineMedia
Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of National CineMedia in the first quarter valued at about $797,000. GAMMA Investing LLC raised its holdings in shares of National CineMedia by 502.0% in the first quarter. GAMMA Investing LLC now owns 5,081 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 4,237 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of National CineMedia by 64.1% in the first quarter. Victory Capital Management Inc. now owns 165,237 shares of the business services provider’s stock valued at $965,000 after acquiring an additional 64,538 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of National CineMedia by 5.6% in the first quarter. Vanguard Group Inc. now owns 4,358,287 shares of the business services provider’s stock valued at $25,452,000 after acquiring an additional 232,702 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of National CineMedia by 68.7% in the fourth quarter. Bank of America Corp DE now owns 82,730 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 33,686 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors.
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.
Further Reading
- Five stocks we like better than National CineMedia
- What is Insider Trading? What You Can Learn from Insider Trading
- General Dynamics Hits New Highs: Why It Might Keep Climbing
- What Are Dividends? Buy the Best Dividend Stocks
- Nike’s Turnaround: If the Shoe Fits, Buy It!
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- NVIDIA Breaks Out to New Highs: What Comes Next?
Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.com's FREE daily email newsletter.