National CineMedia (NCMI)

• Market cap: $469M
• 1 day: 2.25%
• 5 days: 10.86%
• 1 month: 12.11%
• 3 months: -4.03%
• 6 months: -14.24%
• Year to date: -24.36%
• 1 year: -29.18%
• 5 years: -84.8%
• 10 years: -96.35%
• Sector: Communication Services
• Industry: Advertising Agencies

About: National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.

Employees: 254

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

0.23% more ownership

Funds ownership: 83.76% [Q1] → 83.99% (+0.23%) [Q2]

8% less funds holding

Funds holding: 112 [Q1] → 103 (-9) [Q2]

18% less capital invested

Capital invested by funds: $467M [Q1] → $384M (-$83.2M) [Q2]

36% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 22

42% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 45

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

57% less call options, than puts

Call options by funds: $214K | Put options by funds: $503K

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7
• Avg. target: $7
• High target: $7

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Wedbush Alicia Reese	$7	Outperform Maintained	4 Aug 2025
Benchmark Mike Hickey	$7	Buy Maintained	25 Jun 2025