Cinemark Holdings, Inc. (NYSE:CNK) Stock Holdings Boosted by Prudential Financial Inc.

Prudential Financial Inc. lifted its position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 81.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 346,525 shares of the company's stock after buying an additional 155,243 shares during the period. Prudential Financial Inc. owned approximately 0.28% of Cinemark worth $10,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Cinemark by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company's stock valued at $387,408,000 after buying an additional 109,179 shares during the period. LPL Financial LLC grew its position in Cinemark by 6.8% in the 4th quarter. LPL Financial LLC now owns 8,722 shares of the company's stock valued at $270,000 after acquiring an additional 556 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Cinemark during the fourth quarter worth about $1,329,000. Virtu Financial LLC acquired a new stake in shares of Cinemark in the fourth quarter valued at $346,000. Finally, First National Bank of Hutchinson raised its position in Cinemark by 3.9% in the 4th quarter. First National Bank of Hutchinson now owns 25,425 shares of the company's stock valued at $788,000 after purchasing an additional 945 shares in the last quarter.

Cinemark Stock Down 0.2 %

CNK stock traded down $0.06 during mid-day trading on Wednesday, hitting $24.48. 254,397 shares of the company were exchanged, compared to its average volume of 3,493,779. The firm has a fifty day simple moving average of $27.39 and a 200 day simple moving average of $29.36. The company has a market capitalization of $2.99 billion, a PE ratio of 12.07 and a beta of 2.41. Cinemark Holdings, Inc. has a twelve month low of $16.32 and a twelve month high of $36.28. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly 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 firm 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 firm's revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) earnings per share. On average, research analysts forecast that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

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

Insider Buying and Selling at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total transaction of $246,213.00. Following the completion of the transaction, the insider now directly owns 147,414 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

CNK has been the topic of several research analyst reports. Wedbush reaffirmed a "neutral" rating and set a $32.00 price target on shares of Cinemark in a research report on Tuesday, February 18th. Morgan Stanley lowered their target price on Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company dropped their price target on Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Cinemark from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Finally, Macquarie reiterated an "outperform" rating and set a $35.00 target price on shares of Cinemark in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Cinemark currently has an average rating of "Moderate Buy" and a consensus target price of $32.70.

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.