WINTON GROUP Ltd Has $1.07 Million Stake in Cinemark Holdings, Inc. (NYSE:CNK)

WINTON GROUP Ltd lessened its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,417 shares of the company’s stock after selling 10,586 shares during the quarter. WINTON GROUP Ltd’s holdings in Cinemark were worth $1,066,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Maverick Capital Ltd. raised its holdings in shares of Cinemark by 1,356.4% during the 3rd quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock valued at $42,255,000 after purchasing an additional 1,413,557 shares in the last quarter. BNP Paribas Financial Markets increased its position in Cinemark by 1,532.5% during the third quarter. BNP Paribas Financial Markets now owns 650,227 shares of the company’s stock worth $18,102,000 after buying an additional 610,398 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Cinemark in the fourth quarter worth about $13,704,000. Hennessy Advisors Inc. lifted its position in shares of Cinemark by 13.8% in the fourth quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company’s stock worth $61,629,000 after buying an additional 241,600 shares during the last quarter. Finally, Castellan Group bought a new stake in shares of Cinemark during the 3rd quarter worth about $6,130,000.

Insider Buying and Selling

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the transaction, the insider now owns 147,414 shares of the company’s stock, valued at $3,980,178. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $40.00 target price on shares of Cinemark in a report on Wednesday, February 19th. Macquarie restated an “outperform” rating and issued a $35.00 price objective on shares of Cinemark in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Cinemark in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cinemark presently has a consensus rating of “Moderate Buy” and an average target price of $32.70.

Cinemark Stock Performance

NYSE:CNK opened at $24.82 on Friday. The firm’s 50-day moving average is $27.54 and its 200-day moving average is $29.40. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 12.22 and a beta of 2.41. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.96 and a current ratio of 1.01. Cinemark Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $36.28.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The firm had revenue of $814.30 million for the quarter, compared to the consensus estimate of $797.18 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. The company’s revenue was up 27.5% on a year-over-year basis. Equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Announces Dividend

The company also recently announced a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.08 dividend. The ex-dividend date was Wednesday, March 5th. Cinemark’s payout ratio is 15.76%.

Cinemark 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.