Cinemark Holdings Inc (NYSE:CNK) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,458 shares of the company’s stock after selling 1,064 shares during the quarter. Yousif Capital Management LLC’s holdings in Cinemark were worth $982,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CNK. Dynamic Technology Lab Private Ltd lifted its stake in shares of Cinemark by 26.9% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 152,400 shares of the company’s stock worth $4,722,000 after purchasing an additional 32,310 shares during the period. Franklin Resources Inc. lifted its stake in shares of Cinemark by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 70,964 shares of the company’s stock worth $2,198,000 after purchasing an additional 14,207 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cinemark by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company’s stock worth $387,408,000 after purchasing an additional 109,179 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Cinemark by 5.2% during the 4th quarter. Principal Financial Group Inc. now owns 662,790 shares of the company’s stock worth $20,533,000 after purchasing an additional 33,008 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Cinemark by 81.2% during the 4th quarter. Prudential Financial Inc. now owns 346,525 shares of the company’s stock worth $10,735,000 after purchasing an additional 155,243 shares during the period.

Cinemark Trading Up 0.4%

Shares of CNK opened at $32.62 on Thursday. The stock’s fifty day simple moving average is $30.77 and its 200 day simple moving average is $29.50. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 5.53. Cinemark Holdings Inc has a twelve month low of $19.05 and a twelve month high of $36.28. The firm has a market capitalization of $3.75 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.95 and a beta of 1.93.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, meeting the consensus estimate of ($0.32). Cinemark had a return on equity of 51.68% and a net margin of 8.17%. The company had revenue of $540.70 million for the quarter, compared to analyst estimates of $604.62 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Cinemark Holdings Inc will post 1.93 earnings per share for the current year.

Cinemark Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, May 29th. Cinemark’s dividend payout ratio (DPR) is presently 21.05%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CNK. Wedbush reissued a “neutral” rating and set a $32.00 price target on shares of Cinemark in a research note on Monday, April 28th. Macquarie reissued an “outperform” rating and set a $35.00 price target on shares of Cinemark in a research note on Thursday, February 20th. Morgan Stanley reduced their price target on Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Barrington Research reissued an “outperform” rating and set a $36.00 price target on shares of Cinemark in a research note on Monday, May 5th. Finally, Benchmark cut their target price on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cinemark presently has a consensus rating of “Moderate Buy” and an average price target of $33.20.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $33.01, for a total value of $825,250.00. Following the transaction, the insider now directly owns 130,612 shares of the company’s stock, valued at $4,311,502.12. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Melissa Thomas sold 7,200 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $31.43, for a total value of $226,296.00. Following the sale, the executive vice president now owns 210,968 shares of the company’s stock, valued at $6,630,724.24. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,724 shares of company stock valued at $2,724,435 over the last three months. 2.10% of the stock is owned by company insiders.

Cinemark Company Profile

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.