Maria Vg Woods Sells 9,043 Shares of National CineMedia (NASDAQ:NCMI) Stock

National CineMedia, Inc. (NASDAQ:NCMI) EVP Maria Vg Woods sold 9,043 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $3.89, for a total value of $35,177.27. Following the completion of the transaction, the executive vice president owned 129,330 shares of the company’s stock, valued at $503,093.70. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

National CineMedia Stock Up 1.0%

NASDAQ NCMI opened at $3.89 on Thursday. The company has a market cap of $365.00 million, a price-to-earnings ratio of -25.93 and a beta of 1.36. National CineMedia, Inc. has a twelve month low of $3.81 and a twelve month high of $7.25. The business’s fifty day moving average is $4.09 and its 200 day moving average is $4.46.

National CineMedia Announces Dividend

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

Institutional Investors Weigh In On National CineMedia

Several large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in National CineMedia in the third quarter valued at $34,000. Strs Ohio bought a new position in shares of National CineMedia in the 1st quarter worth about $43,000. Inscription Capital LLC bought a new position in shares of National CineMedia in the 3rd quarter worth about $58,000. BNP Paribas Financial Markets lifted its stake in shares of National CineMedia by 103.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 6,549 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of National CineMedia by 137.1% during the 2nd quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 8,285 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

National CineMedia Company Profile

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.