National CineMedia, Inc. (NASDAQ:NCMI) CEO Thomas F. Lesinski Sells 31,536 Shares of Stock

National CineMedia, Inc. (NASDAQ:NCMIGet Rating) CEO Thomas F. Lesinski sold 31,536 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $1.78, for a total transaction of $56,134.08. Following the completion of the sale, the chief executive officer now directly owns 315,717 shares in the company, valued at approximately $561,976.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

National CineMedia Price Performance

NASDAQ NCMI opened at $1.73 on Friday. National CineMedia, Inc. has a twelve month low of $0.88 and a twelve month high of $3.97. The company’s 50-day simple moving average is $1.18 and its 200 day simple moving average is $2.00.

National CineMedia (NASDAQ:NCMIGet Rating) last released its quarterly earnings results on Monday, May 9th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The business had revenue of $35.90 million for the quarter, compared to analysts’ expectations of $33.45 million. The firm’s quarterly revenue was up 564.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.25) EPS. On average, equities research analysts forecast that National CineMedia, Inc. will post -0.22 EPS for the current year.

National CineMedia Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 7th. Shareholders of record on Monday, May 23rd were given a $0.03 dividend. The ex-dividend date was Friday, May 20th. This represents a $0.12 dividend on an annualized basis and a yield of 6.94%. National CineMedia’s dividend payout ratio (DPR) is presently -17.91%.

Analyst Upgrades and Downgrades

NCMI has been the topic of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $4.00 target price on shares of National CineMedia in a research note on Thursday. B. Riley lowered their target price on shares of National CineMedia from $4.00 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, June 21st.

Hedge Funds Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC acquired a new position in shares of National CineMedia during the fourth quarter worth approximately $37,000. Byrne Asset Management LLC lifted its position in shares of National CineMedia by 151.7% during the second quarter. Byrne Asset Management LLC now owns 63,209 shares of the business services provider’s stock worth $62,000 after purchasing an additional 38,100 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of National CineMedia by 264.3% during the fourth quarter. New York State Common Retirement Fund now owns 26,165 shares of the business services provider’s stock worth $74,000 after purchasing an additional 18,982 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of National CineMedia by 98.9% during the fourth quarter. Centaurus Financial Inc. now owns 37,546 shares of the business services provider’s stock worth $106,000 after buying an additional 18,671 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of National CineMedia by 112.9% during the first quarter. UBS Group AG now owns 48,361 shares of the business services provider’s stock worth $123,000 after buying an additional 25,650 shares during the last quarter.

National CineMedia Company Profile

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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 pre-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

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