Moody’s upgrades Agnico Eagle’s rating to A3 on debt reduction
In a recent transaction reported to the Securities and Exchange Commission, Ronnie Y. Ng, Chief Financial Officer of National CineMedia, Inc. (NASDAQ:NCMI), sold 17,669 shares of the company’s common stock. The shares were sold at an average price of $6.0261, with prices ranging from $5.87 to $6.09, resulting in a total transaction value of approximately $106,475. The stock, which currently trades at $5.72, has shown significant volatility recently, with a 15% decline over the past six months. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates.
Following this sale, Ng retains direct ownership of 122,539 shares in the company. The transaction was executed as part of a 10b5-1 trading plan, which Ng adopted on December 18, 2024. Despite recent stock performance, National CineMedia maintains strong fundamentals with a healthy current ratio of 2.42 and impressive revenue growth of 46% in the last twelve months. InvestingPro subscribers have access to 6 additional key insights about NCMI, along with comprehensive financial analysis in the Pro Research Report.
In other recent news, National CineMedia reported its fourth-quarter 2024 earnings, which slightly exceeded guidance with a revenue of $86.3 million. Despite a decrease in full-year revenue to $240.8 million from $259.8 million in 2023, the company showed significant improvement in cash flow, moving to $54.5 million from a negative $48.8 million the previous year. Benchmark analysts maintained a Buy rating with an $8.00 price target, citing the company’s strong fourth-quarter performance and disciplined cost management. They noted that the company’s advertising performance surpassed expectations, particularly in the scatter market. National CineMedia is also focusing on future growth through programmatic advertising and self-serve platforms. The company eliminated $1.1 billion in debt and announced a $100 million share repurchase program, reflecting a healthier financial position. Despite some anticipated short-term challenges in early 2025, including a less compelling box office lineup, analysts remain optimistic about the company’s long-term prospects. National CineMedia plans to provide further insights during its Investor Day in March 2025.
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