10,329 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Bought by Cibc World Markets Corp

Cibc World Markets Corp acquired a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,329 shares of the company's stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its holdings in shares of Cinemark by 3.2% during the 4th quarter. QRG Capital Management Inc. now owns 17,730 shares of the company's stock worth $549,000 after purchasing an additional 557 shares during the last quarter. Natixis Advisors LLC raised its stake in Cinemark by 2.9% during the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company's stock worth $575,000 after purchasing an additional 583 shares during the period. GAMMA Investing LLC boosted its holdings in Cinemark by 44.9% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $91,000 after purchasing an additional 906 shares during the last quarter. Quarry LP increased its holdings in shares of Cinemark by 714.8% during the 3rd quarter. Quarry LP now owns 1,491 shares of the company's stock worth $42,000 after buying an additional 1,308 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in Cinemark by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 35,628 shares of the company's stock worth $1,104,000 after acquiring an additional 1,501 shares during the period.

Insider Buying and Selling at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the firm's stock in a transaction on 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 sale, the insider now owns 147,414 shares in the company, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

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Analysts Set New Price Targets

CNK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Cinemark from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Wedbush reissued a "neutral" rating and issued a $32.00 price target on shares of Cinemark in a research note on Tuesday, February 18th. Wells Fargo & Company lowered 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. Benchmark decreased their price target on Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Cinemark in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.70.

Cinemark Stock Down 3.6 %

Shares of Cinemark stock traded down $0.92 during trading on Friday, hitting $24.82. 2,382,732 shares of the stock were exchanged, compared to its average volume of 2,905,887. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The firm's 50-day moving average price is $27.62 and its 200 day moving average price is $29.42. 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 Holdings, Inc. has a 12-month low of $16.32 and a 12-month high of $36.28.

Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). The company had revenue of $814.30 million during the quarter, compared to analysts' expectations of $797.18 million. Cinemark had a net margin of 10.16% and a return on equity of 65.83%. Cinemark's revenue was up 27.5% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share. As a group, analysts forecast that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark's payout ratio is 15.76%.

About Cinemark

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.