Cinemark Holdings, Inc. (NYSE:CNK) Stock Holdings Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 100.2% in the 4th quarter, HoldingsChannel reports. The firm owned 4,104,552 shares of the company’s stock after purchasing an additional 2,054,579 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Cinemark were worth $127,159,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CNK. Quarry LP grew its position in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 1,308 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Cinemark in the 4th quarter worth approximately $63,000. GAMMA Investing LLC boosted its holdings in shares of Cinemark by 44.9% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $91,000 after acquiring an additional 906 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Cinemark by 198.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company’s stock valued at $103,000 after acquiring an additional 2,207 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Cinemark during the fourth quarter worth approximately $183,000.

Analyst Ratings Changes

A number of brokerages have issued reports on CNK. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target on shares of Cinemark in a research note on Wednesday, February 19th. Macquarie reissued an “outperform” rating and issued a $35.00 price target on shares of Cinemark in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective 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 dropped their target price on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Finally, Benchmark reduced their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.70.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total transaction of $246,213.00. Following the transaction, the insider now directly owns 147,414 shares in the company, valued at $3,980,178. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is owned by corporate insiders.

Cinemark Trading Down 3.6 %

NYSE CNK opened at $24.82 on Monday. The firm’s 50 day moving average price is $27.54 and its two-hundred day moving average price is $29.41. 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 twelve month low of $16.32 and a twelve month high of $36.28. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 12.22 and a beta of 2.41.

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

Cinemark Dividend Announcement

The firm also recently announced a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is presently 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.