Key Points
- EVP Maria Vg Woods sold 9,043 NCMI shares on Dec. 29 at an average price of $3.89 for about $35,177, reducing her position by 6.54% to 129,330 shares (disclosed in an SEC filing).
- National CineMedia trades around $3.85 (1‑yr range $3.81–$7.25) with a $361M market cap and negative P/E (-25.66), pays a $0.03 quarterly dividend (~3.1% yield), has ~69.5% institutional ownership, and carries a consensus "Hold" analyst rating with a $6.60 target.
National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) EVP Maria Vg Woods sold 9,043 shares of the business's stock in a transaction on Monday, December 29th. The shares were sold at an average price of $3.89, for a total transaction of $35,177.27. Following the transaction, the executive vice president owned 129,330 shares in the company, valued at $503,093.70. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
National CineMedia Price Performance
Shares of NASDAQ NCMI opened at $3.85 on Wednesday. National CineMedia, Inc. has a 1 year low of $3.81 and a 1 year high of $7.25. The firm has a 50-day simple moving average of $4.10 and a two-hundred day simple moving average of $4.46. The company has a market cap of $361.25 million, a P/E ratio of -25.66 and a beta of 1.36.
National CineMedia Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, November 10th. National CineMedia's dividend payout ratio is -80.00%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of NCMI. Lunate Capital Ltd acquired a new stake in National CineMedia in the third quarter valued at approximately $36,740,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of National CineMedia by 34.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,151,313 shares of the business services provider's stock valued at $27,742,000 after purchasing an additional 1,568,376 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of National CineMedia by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,519,377 shares of the business services provider's stock valued at $20,382,000 after purchasing an additional 12,172 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of National CineMedia in the 2nd quarter worth $20,338,000. Finally, Dimensional Fund Advisors LP grew its stake in National CineMedia by 17.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,774,325 shares of the business services provider's stock worth $8,003,000 after buying an additional 266,032 shares during the last quarter. Institutional investors own 69.49% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on NCMI. Barrington Research cut their price target on shares of National CineMedia from $7.00 to $6.50 and set an "outperform" rating on the stock in a report on Friday, October 31st. Zacks Research upgraded shares of National CineMedia from a "strong sell" rating to a "hold" rating in a research note 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. 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, Weiss Ratings restated a "sell (d-)" rating on shares of National CineMedia in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, National CineMedia has a consensus rating of "Hold" and a consensus target price of $6.60.
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About National CineMedia
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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.
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