O Shaughnessy Asset Management LLC Raises Stock Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

O Shaughnessy Asset Management LLC increased its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 121.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,597 shares of the company's stock after purchasing an additional 33,197 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Cinemark were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Cinemark by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company's stock valued at $387,408,000 after purchasing an additional 109,179 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cinemark by 100.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company's stock valued at $127,159,000 after purchasing an additional 2,054,579 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cinemark by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,449,567 shares of the company's stock valued at $68,209,000 after purchasing an additional 25,857 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of Cinemark by 13.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company's stock valued at $61,629,000 after purchasing an additional 241,600 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its position in Cinemark by 2.4% during the third quarter. Royal London Asset Management Ltd. now owns 1,264,614 shares of the company's stock valued at $35,207,000 after acquiring an additional 29,275 shares during the last quarter.

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Cinemark Price Performance

Shares of NYSE:CNK traded up $0.21 during trading on Thursday, hitting $27.03. 684,991 shares of the company's stock were exchanged, compared to its average volume of 2,912,368. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. Cinemark Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $36.28. The business's 50-day simple moving average is $26.85 and its 200 day simple moving average is $29.19. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 13.31 and a beta of 2.07.

Cinemark (NYSE:CNK - Get Free Report) last announced 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). Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The firm had revenue of $814.30 million for the quarter, compared to the consensus estimate of $797.18 million. During the same period in the previous year, the company posted ($0.15) earnings per share. Cinemark's quarterly revenue was up 27.5% on a year-over-year basis. As a group, equities analysts predict that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Announces Dividend

The company also recently declared 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 payout ratio is presently 15.76%.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the firm'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 value of $246,213.00. Following the completion of the sale, the insider now directly owns 147,414 shares of the company's stock, valued at $3,980,178. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barrington Research reiterated an "outperform" rating and set a $40.00 price objective on shares of Cinemark in a research report on Wednesday, February 19th. 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 research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Cinemark from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Macquarie reiterated an "outperform" rating and set a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. Finally, Benchmark reduced their price target on Cinemark from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.70.

Cinemark 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.