Cinemark Holdings, Inc. (NYSE:CNK) Stock Holdings Lessened by US Bancorp DE

US Bancorp DE cut its position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 83.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,675 shares of the company's stock after selling 17,977 shares during the quarter. US Bancorp DE's holdings in Cinemark were worth $114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CNK. QRG Capital Management Inc. lifted its holdings in Cinemark by 3.2% in the 4th quarter. QRG Capital Management Inc. now owns 17,730 shares of the company's stock worth $549,000 after buying an additional 557 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Cinemark by 2.9% in the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company's stock worth $575,000 after acquiring an additional 583 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 906 shares during the last quarter. Quarry LP grew its stake in Cinemark by 714.8% during 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 in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Cinemark by 4.4% during the 4th quarter. New York State Common Retirement Fund now owns 35,628 shares of the company's stock worth $1,104,000 after purchasing an additional 1,501 shares during the last quarter.

Insider Buying and Selling

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the firm's stock in a transaction dated 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 owns 147,414 shares of the company's stock, valued at $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

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Cinemark Stock Performance

Cinemark stock traded up $0.36 during midday trading on Thursday, reaching $26.46. 4,156,105 shares of the stock traded hands, compared to its average volume of 2,779,137. The firm has a fifty day moving average price of $28.06 and a two-hundred day moving average price of $29.52. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 13.04 and a beta of 2.41. Cinemark Holdings, Inc. has a fifty-two week low of $16.32 and a fifty-two week high of $36.28.

Cinemark (NYSE:CNK - Get Free Report) last issued 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 business had revenue of $814.30 million for 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 revenue for the quarter was up 27.5% on a year-over-year basis. During the same period last year, the business posted ($0.15) earnings per share. On average, equities research analysts forecast that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CNK shares. Morgan Stanley reduced their target price on Cinemark from $40.00 to $35.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. 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 report on Wednesday, January 29th. Benchmark cut their target price on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Cinemark in a research report on Wednesday, February 19th. Finally, Wedbush reissued a "neutral" rating and issued a $32.00 price objective on shares of Cinemark in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cinemark has a consensus rating of "Moderate Buy" and an average price target of $32.70.

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.