Barrow Hanley Mewhinney & Strauss LLC Grows Position in Cinemark Holdings Inc $CNK

Barrow Hanley Mewhinney & Strauss LLC increased its position in Cinemark Holdings Inc (NYSE:CNK) by 45.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 555,649 shares of the company’s stock after buying an additional 173,113 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.47% of Cinemark worth $15,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNK. EverSource Wealth Advisors LLC raised its stake in shares of Cinemark by 118.5% during the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 507 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Cinemark in the second quarter worth about $47,000. Financial Consulate Inc. bought a new stake in shares of Cinemark in the third quarter worth about $50,000. Meeder Asset Management Inc. purchased a new position in Cinemark during the 3rd quarter valued at about $63,000. Finally, Smartleaf Asset Management LLC increased its holdings in Cinemark by 20.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock valued at $83,000 after purchasing an additional 506 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CNK shares. UBS Group upgraded Cinemark to a “buy” rating in a report on Tuesday, January 20th. Zacks Research upgraded Cinemark from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. B. Riley Financial reaffirmed a “neutral” rating on shares of Cinemark in a research note on Thursday, February 19th. Roth Mkm reiterated a “buy” rating and issued a $36.00 price target on shares of Cinemark in a report on Thursday, February 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cinemark in a research report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cinemark presently has an average rating of “Moderate Buy” and a consensus target price of $32.08.

Cinemark Trading Down 2.4%

Shares of NYSE CNK opened at $26.01 on Thursday. Cinemark Holdings Inc has a 1 year low of $21.60 and a 1 year high of $34.01. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.71 and a quick ratio of 0.67. The firm has a 50-day moving average of $25.09 and a 200 day moving average of $26.03. The stock has a market cap of $3.01 billion, a P/E ratio of 29.90 and a beta of 1.08.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Cinemark had a return on equity of 34.11% and a net margin of 4.44%.The business had revenue of $776.30 million during the quarter, compared to analysts’ expectations of $778.41 million. During the same quarter last year, the company posted $0.33 EPS. Cinemark’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Cinemark Holdings Inc will post 1.93 EPS for the current fiscal year.

Cinemark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 3rd. Cinemark’s dividend payout ratio is currently 41.38%.

Insider Activity at Cinemark

In other news, EVP Melissa Thomas sold 7,944 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $26.05, for a total transaction of $206,941.20. Following the completion of the transaction, the executive vice president directly owned 159,416 shares in the company, valued at $4,152,786.80. This trade represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.