Cinemark Holdings, Inc. (NYSE:CNK) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,400 shares of the company's stock after purchasing an additional 32,310 shares during the period. Cinemark accounts for 0.8% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 2nd biggest position. Dynamic Technology Lab Private Ltd owned about 0.12% of Cinemark worth $4,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. LPL Financial LLC increased its position in 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 last quarter. QRG Capital Management Inc. increased its holdings in shares of 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 last quarter. GAMMA Investing LLC raised its stake in Cinemark by 44.9% in 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 period. First National Bank of Hutchinson lifted its holdings in Cinemark by 3.9% during 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 during the last quarter. Finally, 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.

Remove Ads

Cinemark Price Performance

CNK stock traded up $0.29 during midday trading on Thursday, reaching $27.11. 1,462,516 shares of the stock were exchanged, compared to its average volume of 2,915,484. 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 stock has a market capitalization of $3.20 billion, a PE ratio of 13.34 and a beta of 2.07. Cinemark Holdings, Inc. has a 52 week low of $16.32 and a 52 week high of $36.28. The company has a fifty day moving average price of $26.85 and a 200 day moving average price of $29.19.

Cinemark (NYSE:CNK - Get Free Report) last released 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 net margin of 10.16% and a return on equity of 65.83%. The firm had revenue of $814.30 million during the quarter, compared to analyst estimates of $797.18 million. During the same period in the prior year, the company earned ($0.15) EPS. The business's quarterly revenue was up 27.5% compared to the same quarter last year. As a group, analysts expect that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark's dividend payout ratio (DPR) is presently 15.76%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNK shares. JPMorgan Chase & Co. cut their target price on shares of Cinemark from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Macquarie reiterated an "outperform" rating and set a $35.00 target price on shares of Cinemark in a research note on Thursday, February 20th. Wedbush restated a "neutral" rating and issued a $32.00 price target on shares of Cinemark in a research note on Tuesday, February 18th. Finally, Morgan Stanley lowered their price objective on Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. One research 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 company's stock. According to MarketBeat, Cinemark has an average rating of "Moderate Buy" and a consensus target price of $32.70.

Insider Activity at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total value of $246,213.00. Following the transaction, the insider now owns 147,414 shares in the company, valued at approximately $3,980,178. The trade was a 5.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

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.