Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors acquired 6,694 put options on the company. This represents an increase of 226% compared to the average volume of 2,051 put options.
Cinemark Stock Up 1.1 %
NYSE:CNK traded up $0.29 on Tuesday, hitting $25.66. 2,863,394 shares of the company's stock traded hands, compared to its average volume of 2,814,414. The firm has a 50-day moving average price of $27.82 and a 200-day moving average price of $29.49. The company has a market cap of $3.14 billion, a PE ratio of 12.64 and a beta of 2.41. Cinemark has a 1 year low of $16.32 and a 1 year 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 issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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 net margin of 10.16% and a return on equity of 65.83%. Cinemark's revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.15) EPS. Equities analysts anticipate that Cinemark will post 1.93 EPS for the current fiscal year.
Cinemark Dividend Announcement
The firm also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.08 dividend. The ex-dividend date was Wednesday, March 5th. Cinemark's dividend payout ratio is presently 15.76%.
Wall Street Analyst Weigh In
CNK has been the subject of several research analyst reports. Macquarie restated an "outperform" rating and issued a $35.00 price objective on shares of Cinemark in a report on Thursday, February 20th. Wedbush reaffirmed a "neutral" rating and issued a $32.00 price objective on shares of Cinemark in a research note on Tuesday, February 18th. Wells Fargo & Company cut their target price on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Barrington Research restated an "outperform" rating and issued a $40.00 price target on shares of Cinemark in a research report on Wednesday, February 19th. Finally, Morgan Stanley cut their price objective on Cinemark from $40.00 to $35.00 and set an "overweight" 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 issued 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 a consensus target price of $32.70.
Check Out Our Latest Report on Cinemark
Insider Activity at Cinemark
In related news, insider Wanda Marie Gierhart sold 9,119 shares of the business'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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company's stock.
Hedge Funds Weigh In On Cinemark
Several hedge funds have recently bought and sold shares of CNK. Elequin Capital LP boosted its stake in shares of Cinemark by 211.6% during the 4th quarter. Elequin Capital LP now owns 997 shares of the company's stock worth $31,000 after acquiring an additional 677 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Cinemark by 402.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company's stock worth $32,000 after purchasing an additional 825 shares during the last quarter. Quarry LP boosted its position in Cinemark by 714.8% during the third quarter. Quarry LP now owns 1,491 shares of the company's stock worth $42,000 after purchasing an additional 1,308 shares during the period. Aster Capital Management DIFC Ltd grew its holdings in Cinemark by 380.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock valued at $59,000 after purchasing an additional 1,501 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Cinemark in the fourth quarter valued at approximately $63,000.
About Cinemark
(
Get Free Report)
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.
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