Cinemark Holdings, Inc. (NYSE:CNK) Stock Position Raised by Marshall Wace LLP

Marshall Wace LLP raised its stake in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,124,834 shares of the company's stock after purchasing an additional 396,720 shares during the quarter. Marshall Wace LLP owned about 2.55% of Cinemark worth $96,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd lifted its position in Cinemark by 26.9% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 152,400 shares of the company's stock worth $4,722,000 after acquiring an additional 32,310 shares in the last quarter. KBC Group NV boosted its stake in shares of Cinemark by 470.1% in the fourth quarter. KBC Group NV now owns 16,920 shares of the company's stock valued at $524,000 after purchasing an additional 13,952 shares during the period. Principal Financial Group Inc. increased its stake in Cinemark by 18.8% during the 3rd quarter. Principal Financial Group Inc. now owns 629,782 shares of the company's stock worth $17,533,000 after buying an additional 99,843 shares during the period. Vanguard Group Inc. lifted its holdings in Cinemark by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company's stock worth $387,408,000 after buying an additional 109,179 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Cinemark by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 70,964 shares of the company's stock valued at $2,198,000 after buying an additional 14,207 shares during the last quarter.

Cinemark Stock Performance

Cinemark stock traded up $0.65 during midday trading on Tuesday, reaching $29.20. 468,361 shares of the stock traded hands, compared to its average volume of 2,933,027. The firm has a fifty day moving average price of $26.43 and a two-hundred day moving average price of $29.25. Cinemark Holdings, Inc. has a fifty-two week low of $16.32 and a fifty-two week high of $36.28. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 14.37 and a beta of 2.07. 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 released its quarterly earnings results 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). The business had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The company's revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) EPS. On average, equities research analysts forecast that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Dividend Announcement

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%.

Insider Buying and Selling

In other 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 sale, the insider now owns 147,414 shares in the company, valued at $3,980,178. This 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 this link. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CNK has been the topic of several recent analyst reports. Barrington Research reiterated an "outperform" rating and issued a $40.00 price target on shares of Cinemark in a research note on Wednesday, February 19th. Benchmark cut their price target on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Morgan Stanley decreased their price objective on shares of Cinemark from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Wells Fargo & Company reduced their price target on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised Cinemark from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $30.00 to $34.00 in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $33.10.

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.