National CineMedia jumps as theater chain AMC discloses stake

National CineMedia

17/05/2022 22:30

** National CineMedia Inc  NCMI.O  shares rise 16.5% to
$1.69 in extended trading
    ** Movie theater chain  AMC.N  has a 6.8% passive stake in
NCMI, according to a regulatory filing (https://bit.ly/3wrIiuo)
    ** NCMI has ~81.75 mln shares outstanding, per Refinitiv
data
    ** All four brokerages covering the stock rate it "buy" or
higher; their median PT is $4
    ** NCMI is down ~48.4% YTD, up to last close

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))