NCMINasdaqServices-AdvertisingFiscal year ends December 31
National CineMedia, Inc.
Financials through Q2 FY2026, quarter ended Jul 2, 2026Last filing: 10-Q on Aug 11, 2026
$2.08+0.02 (+0.97%)
Close on Oct 19, 2026
- Market cap
- $194.89M
- P/E (TTM)
- –
- Dividend yield
- 5.77%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
89.4%
84M of 94M shares
Institutional holders
107
17 new, 12 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
0 buys · 19 sales
Net sold $1.90M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Hotchkis and Wiley Capital Management, LLC | 9,451,093 | 10.08% | 13G (passive) amendment | Jun 30, 2026 |
| BlackRock, Inc. | 5,695,686 | 6.00% | 13G (passive) | Sep 30, 2024 |
| Mubashir Mukadam | 27,144,639 | 29.00% | 13D (active) amendment | Sep 25, 2025 |
| Blantyre Capital II Limited | 27,141,507 | 28.90% | 13D (active) | Apr 2, 2026 |
| Orbis Investment Management Ltd | 11,108,183 | 11.80% | 13G (passive) amendment | Aug 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NCMI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Blantyre Capital Ltd | 27,144,639 | 28.86% | $103.15M | – | 100.00% |
| Hotchkis & Wiley Capital Management LLC | 9,451,093 | 10.05% | $35.91M | +1,553,240 | 0.10% |
| Orbis Allan Gray Ltd | 9,313,977 | 9.90% | $35.39M | +175,935 | 0.12% |
| BlackRock, Inc. | 5,771,528 | 6.14% | $21.93M | +422,582 | 0.00% |
| Vanguard Capital Management LLC | 3,221,372 | 3.42% | $12.24M | −6,999 | 0.00% |
| Wellington Management Group Llp | 3,220,165 | 3.42% | $12.24M | +444,984 | 0.00% |
| Geode Capital Management, LLC | 2,118,373 | 2.25% | $8.05M | +95,532 | 0.00% |
| Barclays PLC | 2,010,024 | 2.14% | $7.64M | −153,136 | 0.00% |
| Luxor Capital Group, LP | 1,960,660 | 2.08% | $7.45M | +139,923 | 0.30% |
| Dimensional Fund Advisors LP | 1,880,647 | 2.00% | $7.15M | −117,258 | 0.00% |
| JPMorgan Chase & Co | 1,805,343 | 1.92% | $6.88M | +687 | 0.00% |
| Glendon Capital Management LP | 1,678,903 | 1.78% | $6.38M | – | 0.83% |
| State Street Corp | 1,588,634 | 1.69% | $6.04M | −27,480 | 0.00% |
| Whitebox Advisors LLC | 1,342,084 | 1.43% | $5.10M | +100,000 | 0.07% |
| EVR Research LP | 1,160,000 | 1.23% | $4.41M | +30,000 | 2.18% |
| Bank of New York Mellon Corp | 698,209 | 0.74% | $2.65M | +24,899 | 0.00% |
| First Eagle Investment Management, LLC | 687,428 | 0.73% | $2.61M | +251,810 | 0.00% |
| Vanguard Portfolio Management LLC | 663,842 | 0.71% | $2.52M | +31,069 | 0.00% |
| Charles Schwab Investment Management Inc | 648,996 | 0.69% | $2.47M | −52,264 | 0.00% |
| Northern Trust Corp | 599,154 | 0.64% | $2.28M | +14,759 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 107 | 84M | 89.4% | 17 / 37 | 33 / 12 | 5M | 3M |
| Q1 2026 | 103 | 82M | 87.7% | 24 / 36 | 29 / 17 | 10M | 5M |
| Q4 2025 | 99 | 82M | 87.0% | 10 / 35 | 36 / 18 | 6M | 6M |
| Q3 2025 | 107 | 82M | 86.8% | 23 / 36 | 34 / 18 | 8M | 6M |
| Q2 2025 | 102 | 79M | 84.2% | 14 / 27 | 44 / 22 | 7M | 9M |
| Q1 2025 | 111 | 81M | 86.3% | 13 / 39 | 37 / 16 | 6M | 3M |
| Q4 2024 | 115 | 79M | 83.8% | 28 / 45 | 28 / 9 | 7M | 9M |
| Q3 2024 | 96 | 81M | 85.7% | 30 / 29 | 24 / 7 | 11M | 4M |
| Q2 2024 | 74 | 79M | 84.2% | 19 / 23 | 20 / 26 | 11M | 12M |
| Q1 2024 | 81 | 81M | 85.6% | 30 / 24 | 13 / 12 | 9M | 8M |
| Q4 2023 | 64 | 79M | 83.9% | 24 / 18 | 8 / 8 | 46M | 1M |
| Q3 2023 | 48 | 34M | 36.3% | 48 / 0 | 0 / 0 | 34M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NCMI | Value | % of fund | As of |
|---|---|---|---|---|---|
| Hotchkis and Wiley Small Cap Value Fund | 2,645,100 | 2.81% | $10.05M | 1.23% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,083,834 | 2.22% | $7.92M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,845,093 | 1.96% | $7.01M | 0.01% | Jun 30, 2026 |
| American Beacon Small Cap Value Fund | 1,829,864 | 1.95% | $7.34M | 0.20% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 1,057,484 | 1.12% | $4.02M | 0.00% | Jun 30, 2026 |
| Vanguard Explorer Value Fund | 947,413 | 1.01% | $2.97M | 0.24% | May 31, 2026 |
| Fidelity Small Cap Index Fund | 737,091 | 0.78% | $2.96M | 0.01% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 682,558 | 0.73% | $2.59M | 0.02% | Jun 30, 2026 |
| Hartford Small Cap Value Fund | 611,850 | 0.65% | $2.45M | 0.80% | Jul 31, 2026 |
| Hotchkis and Wiley Small Cap Diversified Value Fund | 553,100 | 0.59% | $2.10M | 0.23% | Jun 30, 2026 |
| JPMorgan High Yield Fund | 549,413 | 0.58% | $1.73M | 0.03% | May 31, 2026 |
| WisdomTree U.S. SmallCap Dividend Fund | 504,777 | 0.54% | $1.92M | 0.09% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 494,260 | 0.53% | $1.55M | 0.00% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 448,753 | 0.48% | $1.41M | 0.01% | May 31, 2026 |
| U.S. Small Cap Value Portfolio | 418,190 | 0.44% | $1.68M | 0.01% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Thomas F. Lesinski | Chief Executive Officer, Director | 550,661 | 0.59% | Aug 4, 2026 |
| Ronnie Y. Ng | Chief Financial Officer | 204,095 | 0.22% | Aug 4, 2026 |
| Maria VG Woods | Chief Legal Officer | 163,162 | 0.17% | Jul 2, 2026 |
| Catherine Sullivan | President - Sales & Marketing | 25,737 | 0.03% | Oct 6, 2025 |
| David Edward Glazek | Director | 142,654 | 0.15% | Aug 18, 2026 |
| Mark James van Lill Sadie | Director | – | – | May 11, 2026 |
| Kotzman Kelly Campbell | Director | 14,026 | 0.01% | May 11, 2026 |
| Joe Marchese | Director | 107,820 | 0.11% | May 11, 2026 |
| Juliana F. Hill | Director | 58,575 | 0.06% | May 11, 2026 |
| Nicholas Bell | Director | 69,186 | 0.07% | May 11, 2026 |
| Simon Mullaly | Director | 27,144,639 | 28.86% | Oct 24, 2025 |
| Nathan Lane | Director | 19,067 | 0.02% | May 5, 2025 |
| Bernadette S. Aulestia | Director | 30,934 | 0.03% | Mar 17, 2025 |
| Lauren Zalaznick | Director | 36,945 | 0.04% | Mar 17, 2025 |
| Jean-Philippe Maheu | Director | 30,934 | 0.03% | Mar 17, 2025 |
| Mulanje II DAC Blantyre | 10% owner | – | – | Mar 11, 2025 |
| Iii Dac Bssf | 10% owner | – | – | Mar 11, 2025 |
| Mubashir Mukadam | 10% owner | – | – | Mar 11, 2025 |
| Fund II (GP) Ltd Blantyre | 10% owner | 10,354,550 | 11.01% | Mar 11, 2025 |
| II Ireland DAC BSSF | 10% owner | – | – | Mar 11, 2025 |
| Capital Ltd Blantyre | 10% owner | – | – | Mar 11, 2025 |
| Mulanje III GP Ltd Blantyre | 10% owner | 8,146,376 | 8.66% | Mar 11, 2025 |
| Capital ICAV Blantyre | 10% owner | – | – | Mar 11, 2025 |
| Mulanje II GP Ltd Blantyre | 10% owner | – | – | Mar 11, 2025 |
| Fund III (GP) Ltd Blantyre | 10% owner | 18,224,327 | 19.37% | Mar 11, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| David Edward Glazek Director | Aug 14, 2026 | Award | +50,000 | $2.79 | $139.50K | 111,720 |
| Thomas F. Lesinski Chief Executive Officer, Director | Aug 3, 2026 | Sale | −50,623 | $4.18 | $211.60K | 550,661 |
| Ronnie Y. Ng Chief Financial Officer | Aug 3, 2026 | Sale(10b5-1 plan) | −1,000 | $4.05 | $4.05K | 204,095 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jul 31, 2026 | Option exercise | +74,560 | – | – | 601,284 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jul 2, 2026 | Sale | −70,168 | $3.77 | $264.53K | 526,724 |
| Maria VG Woods Chief Legal Officer | Jul 2, 2026 | Sale | −12,058 | $3.77 | $45.46K | 163,162 |
| Ronnie Y. Ng Chief Financial Officer | Jul 2, 2026 | Sale | −32,328 | $3.77 | $121.88K | 205,095 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jun 30, 2026 | Option exercise | +103,333 | – | – | 596,892 |
| Maria VG Woods Chief Legal Officer | Jun 30, 2026 | Option exercise | +25,833 | – | – | 175,220 |
| Ronnie Y. Ng Chief Financial Officer | Jun 30, 2026 | Option exercise | +51,666 | – | – | 237,423 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jun 26, 2026 | Sale(10b5-1 plan) | −28,900 | $3.62 | $104.62K | 493,559 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jun 25, 2026 | Sale(10b5-1 plan) | −46,100 | $3.55 | $163.66K | 522,459 |
| Ronnie Y. Ng Chief Financial Officer | Jun 22, 2026 | Sale(10b5-1 plan) | −19,000 | $3.42 | $64.98K | 185,757 |
| Maria VG Woods Chief Legal Officer | May 4, 2026 | Sale | −5,509 | $3.45 | $19.01K | 149,387 |
| Thomas F. Lesinski Chief Executive Officer, Director | May 4, 2026 | Sale | −20,181 | $3.45 | $69.62K | 568,559 |
| Ronnie Y. Ng Chief Financial Officer | May 4, 2026 | Sale | −12,925 | $3.45 | $44.59K | 204,757 |
| Maria VG Woods Chief Legal Officer | May 1, 2026 | Option exercise | +11,799 | – | – | 154,896 |
| Thomas F. Lesinski Chief Executive Officer, Director | May 1, 2026 | Option exercise | +29,709 | – | – | 588,740 |
| Ronnie Y. Ng Chief Financial Officer | May 1, 2026 | Option exercise | +20,649 | – | – | 217,682 |
| Maria VG Woods EVP - General Counsel | Apr 1, 2026 | Sale | −12,066 | $3.04 | $36.68K | 143,097 |
| Ronnie Y. Ng Chief Financial Officer | Apr 1, 2026 | Sale | −32,350 | $3.04 | $98.34K | 197,033 |
| Thomas F. Lesinski Chief Executive Officer, Director | Apr 1, 2026 | Sale | −64,699 | $3.04 | $196.68K | 559,031 |
| Maria VG Woods EVP - General Counsel | Mar 31, 2026 | Option exercise | +25,833 | – | – | 155,163 |
| Ronnie Y. Ng Chief Financial Officer | Mar 31, 2026 | Option exercise | +51,666 | – | – | 229,383 |
| Thomas F. Lesinski Chief Executive Officer, Director | Mar 31, 2026 | Option exercise | +103,333 | – | – | 623,730 |
| Thomas F. Lesinski Chief Executive Officer, Director | Mar 3, 2026 | Sale | −31,106 | $3.55 | $110.43K | 520,397 |
| Thomas F. Lesinski Chief Executive Officer, Director | Mar 2, 2026 | Option exercise | +49,706 | – | – | 551,503 |
| Nicholas Bell Director | Feb 27, 2026 | Option exercise | +18,210 | – | – | 69,186 |
| David Edward Glazek Director | Feb 27, 2026 | Option exercise | +18,210 | – | – | 61,720 |
| Juliana F. Hill Director | Feb 27, 2026 | Option exercise | +18,210 | – | – | 58,575 |
| Joe Marchese Director | Feb 27, 2026 | Option exercise | +18,210 | – | – | 70,875 |
| Kotzman Kelly Campbell Director | Feb 27, 2026 | Option exercise | +14,026 | – | – | 14,026 |
| Thomas F. Lesinski Chief Executive Officer, Director | Dec 29, 2025 | Sale | −37,847 | $3.89 | $147.22K | 501,797 |
| Ronnie Y. Ng Chief Financial Officer | Dec 29, 2025 | Sale | −20,991 | $3.89 | $81.65K | 177,717 |
| Maria VG Woods EVP - General Counsel | Dec 29, 2025 | Sale | −9,043 | $3.89 | $35.18K | 129,330 |
| Thomas F. Lesinski Chief Executive Officer, Director | Dec 26, 2025 | Option exercise | +77,500 | – | – | 539,644 |
| Ronnie Y. Ng Chief Financial Officer | Dec 26, 2025 | Option exercise | +38,750 | – | – | 198,708 |
| Maria VG Woods EVP - General Counsel | Dec 26, 2025 | Option exercise | +19,375 | – | – | 138,373 |
| Ronnie Y. Ng Chief Financial Officer | Nov 10, 2025 | Sale(10b5-1 plan) | −21,194 | $3.89 | $82.44K | 159,958 |
| Catherine Sullivan President - Sales & Marketing | Oct 3, 2025 | Sale(10b5-1 plan) | −734 | $4.31 | $3.16K | 25,737 |
| Maria VG Woods EVP - General Counsel | Sep 30, 2025 | Option exercise | +19,375 | – | – | 128,037 |
| Maria VG Woods EVP - General Counsel | Sep 30, 2025 | Sale | −9,039 | $4.44 | $40.13K | 118,998 |
| Thomas F. Lesinski Chief Executive Officer, Director | Sep 30, 2025 | Sale | −37,834 | $4.44 | $167.98K | 462,144 |
| Thomas F. Lesinski Chief Executive Officer, Director | Sep 30, 2025 | Option exercise | +77,500 | – | – | 499,978 |
| Ronnie Y. Ng Chief Financial Officer | Sep 30, 2025 | Sale | −20,938 | $4.44 | $92.96K | 181,152 |
| Ronnie Y. Ng Chief Financial Officer | Sep 30, 2025 | Option exercise | +38,750 | – | – | 202,135 |
| Catherine Sullivan President - Sales & Marketing | Sep 30, 2025 | Option exercise | +4,771 | – | – | 28,306 |
| Catherine Sullivan President - Sales & Marketing | Sep 30, 2025 | Sale | −1,835 | $4.44 | $8.15K | 26,471 |
| Thomas F. Lesinski Chief Executive Officer, Director | Sep 25, 2025 | Sale(10b5-1 plan) | −30,971 | $4.68 | $144.94K | 422,478 |
| Maria VG Woods EVP - General Counsel | Sep 17, 2025 | Sale(10b5-1 plan) | −2,584 | $5.00 | $12.92K | 108,662 |
| Catherine Sullivan President - Sales & Marketing | Aug 21, 2025 | Sale(10b5-1 plan) | −734 | $4.19 | $3.08K | 23,535 |
| Juliana F. Hill Director | Aug 14, 2025 | Sale | −13,372 | $4.44 | $59.37K | 40,365 |
| Thomas F. Lesinski Chief Executive Officer, Director | Aug 1, 2025 | Option exercise | +7,911 | – | – | 457,311 |
| Thomas F. Lesinski Chief Executive Officer, Director | Aug 1, 2025 | Sale | −3,862 | $4.67 | $18.04K | 453,449 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jul 31, 2025 | Sale | −36,393 | $4.65 | $169.23K | 449,400 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jul 31, 2025 | Option exercise | +74,560 | – | – | 485,793 |
| Catherine Sullivan President - Sales & Marketing | Jun 30, 2025 | Sale | −1,834 | $4.82 | $8.84K | 24,269 |
| Catherine Sullivan President - Sales & Marketing | Jun 30, 2025 | Option exercise | +4,771 | – | – | 26,103 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jun 30, 2025 | Sale | −37,828 | $4.82 | $182.33K | 411,233 |
| Thomas F. Lesinski Chief Executive Officer, Director | Jun 30, 2025 | Option exercise | +77,500 | – | – | 449,061 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Lesinski, Thomas F. Officer, Director | Sep 28, 2026 | 71,500 | $157.30K | Sep 30, 2026 | Restricted Stock Unit Vesting |
| Woods, Maria VG. Officer | Sep 28, 2026 | 13,500 | $29.70K | Sep 30, 2026 | Restricted Stock Unit Vesting |
| Ng, Ronnie Y. Officer | Sep 28, 2026 | 34,000 | $74.80K | Sep 30, 2026 | Restricted Stock Unit Vesting |
| Lesinski, Thomas F. Officer, Director | Jul 29, 2026 | 52,000 | $200.78K | Jul 31, 2026 | Restricted Stock Unit Vesting |
| Woods, Maria VG. Officer | Jun 29, 2026 | 13,500 | $51.37K | Jun 30, 2026 | Restricted Stock Unit Vesting |
| Ng, Ronnie Y. Officer | Jun 29, 2026 | 34,000 | $129.37K | Jun 30, 2026 | Restricted Stock Unit Vesting |
| Lesinski, Thomas F. Officer, Director | Jun 29, 2026 | 71,500 | $272.06K | Jun 30, 2026 | Restricted Stock Unit Vesting |
| Lesinski Thomas Officer, Director | Jun 25, 2026 | 150,000 | $532.61K | Jun 25, 2026 | Compensation |
| Ng Ronnie Officer | Jun 22, 2026 | 20,000 | $68.00K | Jun 22, 2026 | Restricted Stock Units |
| Lesinski, Thomas F. Officer, Director | Apr 29, 2026 | 20,000 | $70.80K | May 1, 2026 | Restricted Stock Unit Vesting |
| Ng, Ronnie Y. Officer | Apr 29, 2026 | 14,000 | $49.56K | May 1, 2026 | Restricted Stock Unit Vesting |
| Woods, Maria VG. Officer | Apr 29, 2026 | 7,000 | $24.78K | May 1, 2026 | Restricted Stock Unit Vesting |
| Woods, Maria VG. Officer | Mar 27, 2026 | 14,000 | $43.68K | Mar 31, 2026 | Restricted Stock Unit Vesting |
| Lesinski, Thomas F. Officer, Director | Mar 27, 2026 | 70,000 | $218.40K | Mar 31, 2026 | Restricted Stock Unit Vesting |
| Ng, Ronnie Y. Officer | Mar 27, 2026 | 31,000 | $96.72K | Mar 31, 2026 | Restricted Stock Unit Vesting |