Cinemark Holdings, Inc. (NYSE:CNK) Shares Sold by Mariner LLC

Mariner LLC lowered its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 26.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,215 shares of the company’s stock after selling 2,916 shares during the period. Mariner LLC’s holdings in Cinemark were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of Cinemark by 402.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock worth $32,000 after acquiring an additional 825 shares during the period. Aster Capital Management DIFC Ltd increased its stake in shares of Cinemark by 380.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock valued at $59,000 after purchasing an additional 1,501 shares during the period. R Squared Ltd bought a new stake in shares of Cinemark during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC boosted its position in shares of Cinemark by 44.9% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $91,000 after buying an additional 906 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Cinemark by 198.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company’s stock worth $103,000 after buying an additional 2,207 shares in the last quarter.

Wall Street Analysts Forecast Growth

CNK has been the topic of a number of recent analyst reports. Wedbush restated a “neutral” rating and set a $32.00 price objective on shares of Cinemark in a research note on Monday, April 28th. Barrington Research restated an “outperform” rating and set a $36.00 price target on shares of Cinemark in a research report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday. Benchmark cut their target price on Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Morgan Stanley cut their price objective on Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.80.

Cinemark Stock Performance

NYSE:CNK opened at $29.79 on Tuesday. The firm has a market capitalization of $3.51 billion, a PE ratio of 14.68 and a beta of 1.91. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year high of $36.28. The firm’s fifty day simple moving average is $26.47 and its 200 day simple moving average is $29.34.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, May 2nd. The company reported ($0.32) earnings per share for the quarter, meeting the consensus estimate of ($0.32). The firm had revenue of $540.70 million during the quarter, compared to the consensus estimate of $604.62 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. On average, sell-side analysts anticipate that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark’s payout ratio is presently 21.05%.

Insider Transactions at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total transaction of $246,213.00. Following the sale, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. The trade was a 5.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by insiders.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.