Ronnie Y. Ng, the Chief Financial Officer of National CineMedia, Inc. (NASDAQ:NCMI), recently executed significant stock transactions. The company, which has seen its stock surge over 59% in the past year according to InvestingPro data, maintains a strong financial health rating. On December 26, Ng sold 71,218 shares of National CineMedia common stock on the open market at an average price of $6.5075 per share, totaling approximately $463,451. This transaction was conducted to satisfy tax obligations related to the vesting of restricted stock units. Following the sale, Ng holds 96,027 shares directly. The stock, currently trading at $6.47, is near its InvestingPro calculated Fair Value, with additional insights available in the comprehensive Pro Research Report.
Additionally, Ng acquired 155,000 shares of common stock through the vesting of restricted stock units, with no cash exchanged for this acquisition. This increased his total direct ownership to 167,245 shares prior to the sales transaction. With a market capitalization of $611 million and demonstrating volatile price movements, National CineMedia offers investors multiple opportunities for analysis through InvestingPro‘s extensive metrics and ProTips.
In other recent news, National CineMedia reported noteworthy developments in their third quarter 2024 earnings. The company posted a total revenue of $62.4 million, surpassing the projected range of $56 million to $58 million. Also, the adjusted OIBDA stood at $8.8 million, above the expected range of $6 million to $8 million. The cinema industry’s box office earnings were nearly $2.7 billion, with National CineMedia’s advertising platforms making a significant contribution.
Despite a 10% year-over-year decline in revenue, the company’s innovative advertising platforms like Boomerang and Boost have increased post-theater engagement by 20%. The company’s self-serve advertising solution also saw a 96% sales increase quarter-over-quarter. National CineMedia projects a Q4 2024 revenue between $82 million and $86 million, with an adjusted OIBDA of $28 million to $30 million.
These are recent developments that reflect the company’s strategic initiatives and resilience in a competitive market. The management is optimistic about a strong film slate anticipated for 2025 and robust box office growth, while also keeping an eye on potential strategic M&A opportunities.
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