Blueshift Asset Management LLC Has $2.71 Million Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Blueshift Asset Management LLC decreased its position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,437 shares of the company's stock after selling 27,237 shares during the period. Cinemark accounts for approximately 1.0% of Blueshift Asset Management LLC's portfolio, making the stock its 12th biggest position. Blueshift Asset Management LLC owned about 0.07% of Cinemark worth $2,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNK. Quarry LP lifted its stake in shares of 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 purchasing an additional 1,308 shares during the last quarter. R Squared Ltd acquired a new position in shares of Cinemark during the 4th quarter valued at about $63,000. GAMMA Investing LLC increased its holdings in shares of Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $91,000 after acquiring an additional 906 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Cinemark by 198.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company's stock worth $103,000 after purchasing an additional 2,207 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Cinemark during the third quarter worth approximately $115,000.

Insider Activity

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the business'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 sale, the insider now owns 147,414 shares of the company's stock, valued at $3,980,178. The trade was a 5.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.30% of the company's stock.

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Cinemark Stock Performance

Shares of NYSE CNK traded down $0.70 during trading hours on Monday, reaching $25.35. The stock had a trading volume of 5,199,317 shares, compared to its average volume of 2,809,351. Cinemark Holdings, Inc. has a twelve month low of $16.32 and a twelve month high of $36.28. 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 business's fifty day moving average is $27.90 and its two-hundred day moving average is $29.51. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 12.49 and a beta of 2.41.

Cinemark (NYSE:CNK - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $797.18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. Cinemark's revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) earnings per share. As a group, research analysts expect that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Stockholders 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 is currently 15.76%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CNK shares. Wells Fargo & Company dropped their price target on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Barrington Research reiterated 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 set a $35.00 price target on shares of Cinemark in a report on Thursday, February 20th. Benchmark dropped their price objective 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, JPMorgan Chase & Co. cut their price objective on Cinemark from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cinemark currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.70.

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.