National CineMedia jumps 13% as AMC discloses 6.8% stake

May 17, 2022 4:47 PM ETNational CineMedia, Inc. (NCMI), AMCCNNWF, CNKBy: Jason Aycock, SA News Editor29 Comments

pop corn and on red armchair cinema

batuhan toker/iStock via Getty Images

  • National CineMedia (NASDAQ:NCMI) has jumped 13.1% after hours Tuesday as a filing indicates theater chain AMC Entertainment (NYSE:AMC) now has a 6.8% stake in the company.
  • That news comes via a form 13G SEC filing pointing to a passive ownership stake.
  • National CineMedia Inc. is the 48% owner and managing partner of National CineMedia, a company which provides pre-movie advertising and marketing in theaters nationwide.
  • AMC sold its then-remaining interest in the National CineMedia LLC in 2018, to Cineworld Group (OTCPK:CNNWF) and Cinemark Holdings (CNK) for $156.8 million - a condition to a consent decree with the U.S. Justice Dept. connected to AMC's 2016 acquisition of Carmike Cinemas.
  • AMC is up 2.8% after hours.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.