EAM Investors LLC Trims Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

EAM Investors LLC decreased its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 153,601 shares of the company’s stock after selling 3,243 shares during the quarter. EAM Investors LLC’s holdings in Cinemark were worth $4,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in Cinemark by 148.7% in the third quarter. FMR LLC now owns 30,401 shares of the company’s stock valued at $846,000 after purchasing an additional 18,177 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Cinemark by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,449,567 shares of the company’s stock worth $68,209,000 after buying an additional 25,857 shares during the last quarter. Castellan Group acquired a new stake in Cinemark during the third quarter worth about $6,130,000. Franklin Resources Inc. grew its holdings in Cinemark by 6.8% during the third quarter. Franklin Resources Inc. now owns 56,757 shares of the company’s stock worth $1,651,000 after acquiring an additional 3,632 shares during the period. Finally, Principal Financial Group Inc. raised its position in Cinemark by 18.8% during the third quarter. Principal Financial Group Inc. now owns 629,782 shares of the company’s stock valued at $17,533,000 after acquiring an additional 99,843 shares in the last quarter.

Cinemark Stock Up 1.4 %

Shares of CNK opened at $28.14 on Wednesday. The stock has a 50 day moving average price of $26.66 and a 200 day moving average price of $29.20. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 13.86 and a beta of 2.07. Cinemark Holdings, Inc. has a one year low of $16.32 and a one year high of $36.28.

Cinemark (NYSE:CNK) last issued its earnings results on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 10.16% and a return on equity of 65.83%. Cinemark’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.15) earnings per share. Equities research analysts forecast that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Announces Dividend

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

Insider Transactions at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the sale, the insider now directly owns 147,414 shares of the company’s stock, valued at $3,980,178. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wedbush reiterated a “neutral” rating and issued a $32.00 target price on shares of Cinemark in a research note on Tuesday, February 18th. Wells Fargo & Company decreased their price objective 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. Macquarie restated an “outperform” rating and set a $35.00 target price on shares of Cinemark in a research report on Thursday, February 20th. Benchmark reduced their price target on Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Morgan Stanley lowered their price target on Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. One equities research 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. Based on data from MarketBeat.com, Cinemark has an average rating of “Moderate Buy” and an average target price of $33.10.

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.