Key Points
- Insider sale: Maria Vg Woods sold 12,189 National CineMedia shares at an average price of $2.09, generating $25,475.01. Her remaining direct ownership fell 6.45% to 176,806 shares.
- Weak recent performance: NCMI opened at $2.11, near its 12-month low of $2.00, after reporting quarterly revenue of $58.4 million and an adjusted loss of $0.10 per share, slightly below analyst expectations.
- Analyst outlook remains cautiously positive: Analysts have a consensus “Moderate Buy” rating and an average price target of $4.81, while institutional investors own 69.49% of the company.
National CineMedia, Inc. (NASDAQ:NCMI - Get Free Report) insider Maria Woods sold 12,189 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $2.09, for a total transaction of $25,475.01. Following the sale, the insider directly owned 176,806 shares in the company, valued at approximately $369,524.54. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
National CineMedia Price Performance
Shares of National CineMedia stock opened at $2.11 on Friday. The firm has a market cap of $197.88 million, a PE ratio of -23.44 and a beta of 1.61. National CineMedia, Inc. has a twelve month low of $2.00 and a twelve month high of $4.56. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $2.81 and a 200 day moving average price of $3.23.
National CineMedia (NASDAQ:NCMI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). National CineMedia had a negative return on equity of 1.31% and a negative net margin of 3.05%.The business had revenue of $58.40 million for the quarter, compared to analysts' expectations of $59.34 million. Sell-side analysts predict that National CineMedia, Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Trading of National CineMedia
A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new stake in shares of National CineMedia during the first quarter worth approximately $44,000. Renaissance Technologies LLC purchased a new position in National CineMedia in the 1st quarter valued at $59,000. Sequoia Financial Advisors LLC purchased a new position in National CineMedia in the 2nd quarter valued at $60,000. Bank of America Corp DE lifted its holdings in National CineMedia by 38.7% in the 1st quarter. Bank of America Corp DE now owns 74,983 shares of the business services provider's stock valued at $229,000 after purchasing an additional 20,928 shares in the last quarter. Finally, EVR Research LP acquired a new stake in National CineMedia during the 4th quarter worth $389,000. 69.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on NCMI shares. Wedbush set a $5.00 target price on National CineMedia and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Zacks Research upgraded shares of National CineMedia from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 9th. Weiss Ratings upgraded shares of National CineMedia from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. Barrington Research set a $4.25 target price on shares of National CineMedia in a research note on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of National CineMedia from a "hold" rating to a "sell" rating in a research report on Sunday, September 6th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.81.
Check Out Our Latest Research Report on NCMI
National CineMedia Company Profile
(
Get Free Report)
National CineMedia, LLC (NASDAQ:NCMI) is a cinema advertising company that connects brands with moviegoers through advertising and entertainment content shown in movie theaters. Its core offering is the FirstLook pre-show, which combines national and local advertising with entertainment programming before feature films.
The company provides on-screen advertising, lobby promotions, digital and experiential marketing, and other cinema-based campaigns. Its services are designed to help national, regional and local advertisers reach audiences in a theatrical environment, often in coordination with movie releases and other entertainment events.
National CineMedia primarily serves the United States through relationships with cinema operators and theater locations across the country.
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