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

National CineMedia, Inc. (NASDAQ:NCMI) EVP Maria Vg Woods sold 9,043 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

National CineMedia Trading Down 0.3%

Shares of NASDAQ:NCMI opened at $3.85 on Wednesday. The stock has a 50 day moving average of $4.10 and a 200 day moving average of $4.46. The company has a market cap of $361.25 million, a PE ratio of -25.66 and a beta of 1.36. National CineMedia, Inc. has a 12-month low of $3.81 and a 12-month high of $7.25.

National CineMedia Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, November 10th. National CineMedia’s dividend payout ratio is presently -80.00%.

Institutional Trading of National CineMedia

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of National CineMedia from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 18th. Barrington Research decreased their price target on National CineMedia from $7.00 to $6.50 and set an “outperform” rating on the stock in a report on Friday, October 31st. Wall Street Zen upgraded National CineMedia from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Wedbush reissued an “outperform” rating and set a $6.00 target price (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 research note on Monday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.60.

About National CineMedia

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.