SCHEDULE: Hotchkis & Wiley Discloses 4.86% Stake in NCM

Hotchkis and Wiley Capital Management, LLC has disclosed a 4.86% passive ownership stake in National CineMedia, Inc. as of June 30, 2025.

Summary

• Hotchkis and Wiley Capital Management, LLC reported beneficial ownership of 4,582,937 shares of National CineMedia, Inc. common stock.
• This ownership represents 4.86% of the total class of securities.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a change from a previous filing.
• Hotchkis and Wiley Capital Management, LLC, acting as an investment adviser, holds sole voting power over 4,095,876 shares and sole dispositive power over all 4,582,937 shares.
• The firm certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of National CineMedia, Inc.

Sentiment

Score: 5

Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G Amendment) and does not contain performance results, strategic updates, or other information that would typically influence sentiment beyond a neutral observation of institutional ownership.

Positives

• An established institutional investment adviser, Hotchkis and Wiley Capital Management, LLC, holds a significant stake, indicating continued institutional interest in National CineMedia, Inc.

Negatives

• No negative information is disclosed in this beneficial ownership statement.

Risks

• No specific risks related to National CineMedia, Inc.'s operations or financial health are disclosed in this beneficial ownership statement, as it pertains solely to beneficial ownership.

Future Outlook

This filing is a beneficial ownership disclosure and does not contain forward-looking statements or guidance regarding National CineMedia, Inc.'s future performance or strategic outlook.

Industry Context

This filing indicates an institutional investor's position in National CineMedia, Inc., a company primarily involved in cinema advertising. Such disclosures provide transparency regarding significant ownership stakes in publicly traded companies, reflecting investor confidence or strategic positioning within the media and entertainment sector.

Stakeholder Impact

• Shareholders may view the continued significant stake by an institutional investor like Hotchkis and Wiley Capital Management, LLC as a sign of ongoing institutional interest in the company.

Key Dates

Keywords

National CineMedia, NCM, Hotchkis and Wiley, HWCM, beneficial ownership, Schedule 13G, investment adviser, common stock