National CineMedia, Inc. (NASDAQ:NCMI) CEO Thomas F. Lesinski Sells 4,417 Shares

National CineMedia, Inc. (NASDAQ:NCMI) CEO Thomas F. Lesinski sold 4,417 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $5.64, for a total transaction of $24,911.88. Following the sale, the chief executive officer now owns 83,718 shares of the company’s stock, valued at $472,169.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

National CineMedia Trading Down 6.7 %

NASDAQ:NCMI traded down $0.38 during trading hours on Monday, hitting $5.28. The company had a trading volume of 527,569 shares, compared to its average volume of 672,360. The company has a market cap of $509.89 million, a P/E ratio of 0.17 and a beta of 2.03. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.02. National CineMedia, Inc. has a 1 year low of $2.75 and a 1 year high of $6.11. The company has a 50-day moving average of $4.99 and a 200 day moving average of $4.68.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Monday, May 6th. The business services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.11). The business had revenue of $34.80 million for the quarter, compared to analyst estimates of $34.73 million. National CineMedia had a return on equity of 3.45% and a net margin of 426.76%. Sell-side analysts expect that National CineMedia, Inc. will post 0.02 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NCMI. Wedbush reiterated a “neutral” rating and issued a $5.50 price objective on shares of National CineMedia in a research note on Tuesday, May 7th. Benchmark restated a “speculative buy” rating and issued a $6.00 price target on shares of National CineMedia in a research report on Monday, June 17th. Finally, StockNews.com downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th.

Institutional Trading of National CineMedia

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in National CineMedia during the 2nd quarter worth approximately $56,000. Fermata Advisors LLC acquired a new stake in shares of National CineMedia during the second quarter worth $92,000. Bayesian Capital Management LP bought a new position in shares of National CineMedia during the first quarter worth about $104,000. Oppenheimer Asset Management Inc. grew its position in shares of National CineMedia by 38.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 23,897 shares of the business services provider’s stock worth $123,000 after acquiring an additional 6,690 shares during the last quarter. Finally, Virtu Financial LLC grew its position in shares of National CineMedia by 13.8% during the first quarter. Virtu Financial LLC now owns 26,223 shares of the business services provider’s stock worth $135,000 after acquiring an additional 3,172 shares during the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

About National CineMedia

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 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.