159,369 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Acquired by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP purchased a new stake in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 159,369 shares of the company's stock, valued at approximately $4,937,000. Pinnbrook Capital Management LP owned 0.13% of Cinemark as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC grew its stake in Cinemark by 2.9% in the 3rd quarter. Natixis Advisors LLC now owns 20,638 shares of the company's stock valued at $575,000 after buying an additional 583 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Cinemark by 44.9% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $91,000 after purchasing an additional 906 shares in the last quarter. Quarry LP raised its stake in shares of Cinemark by 714.8% during the 3rd quarter. Quarry LP now owns 1,491 shares of the company's stock valued at $42,000 after purchasing an additional 1,308 shares during the period. CWM LLC raised its stake in shares of Cinemark by 134.4% during the 3rd quarter. CWM LLC now owns 2,993 shares of the company's stock valued at $83,000 after purchasing an additional 1,716 shares during the period. Finally, R Squared Ltd purchased a new stake in Cinemark during the 4th quarter worth about $63,000.

Analysts Set New Price Targets

CNK has been the topic of several analyst reports. Benchmark decreased their price target on Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday. StockNews.com raised shares of Cinemark from a "sell" rating to a "hold" rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. lowered their target price on shares of Cinemark from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday. Barrington Research restated an "outperform" rating and set a $40.00 price target on shares of Cinemark in a research report on Wednesday. Finally, Morgan Stanley decreased their price target on shares of Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $32.70.

Cinemark Price Performance

CNK traded down $0.32 during trading on Friday, reaching $27.47. The stock had a trading volume of 4,297,576 shares, compared to its average volume of 2,861,287. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.96 and a current ratio of 0.98. The business has a 50-day moving average of $30.33 and a 200-day moving average of $29.75. Cinemark Holdings, Inc. has a one year low of $15.74 and a one year high of $36.28. The stock has a market cap of $3.36 billion, a PE ratio of 13.53 and a beta of 2.38.

Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm 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 for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.15) earnings per share. As a group, equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.98 EPS for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, March 5th. Cinemark's dividend payout ratio (DPR) is 15.76%.

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.