Cinemark Sees Unusually Large Options Volume (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) was the target of unusually large options trading activity on Friday. Stock investors bought 6,694 put options on the company. This represents an increase of 226% compared to the average daily volume of 2,051 put options.

Insider Transactions at Cinemark

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the company'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 completion of the transaction, the insider now directly owns 147,414 shares in the company, 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 SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CNK. LPL Financial LLC boosted its position in shares of Cinemark by 6.8% during the fourth quarter. LPL Financial LLC now owns 8,722 shares of the company's stock worth $270,000 after buying an additional 556 shares during the period. QRG Capital Management Inc. boosted its position in 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 acquiring an additional 557 shares during the period. Natixis Advisors LLC grew 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 purchasing an additional 583 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Cinemark by 3.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,270 shares of the company's stock valued at $504,000 after purchasing an additional 591 shares during the period. Finally, Summit Investment Advisors Inc. lifted its holdings in Cinemark by 5.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 11,546 shares of the company's stock worth $358,000 after purchasing an additional 618 shares during the period.

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Cinemark Stock Down 1.2 %

NYSE CNK traded down $0.32 on Monday, hitting $25.73. 2,107,124 shares of the stock traded hands, compared to its average volume of 3,544,000. 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 stock has a 50-day moving average of $27.90 and a 200 day moving average of $29.51. Cinemark has a twelve month low of $16.32 and a twelve month high of $36.28. The company has a market capitalization of $3.15 billion, a P/E ratio of 12.68 and a beta of 2.41.

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

Cinemark Announces Dividend

The business also recently declared a -- dividend, which was paid on Wednesday, March 19th. Stockholders 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CNK shares. Wells Fargo & Company cut their price objective on Cinemark from $38.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Macquarie restated an "outperform" rating and issued a $35.00 price target on shares of Cinemark in a report on Thursday, February 20th. Benchmark decreased their price objective on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Morgan Stanley cut their target price on shares of Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Finally, Wedbush restated a "neutral" rating and set a $32.00 target price on shares of Cinemark in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cinemark has a consensus rating of "Moderate Buy" and a consensus 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.