Cinemark Holdings, Inc. (NYSE:CNK) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,094 shares of the company's stock after selling 15,323 shares during the quarter. Sei Investments Co. owned 0.13% of Cinemark worth $4,836,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Cinemark by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,449,567 shares of the company's stock valued at $68,209,000 after buying an additional 25,857 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of Cinemark by 13.8% in the fourth quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company's stock valued at $61,629,000 after acquiring an additional 241,600 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in shares of Cinemark by 2.4% during the third quarter. Royal London Asset Management Ltd. now owns 1,264,614 shares of the company's stock worth $35,207,000 after acquiring an additional 29,275 shares during the period. Principal Financial Group Inc. raised its holdings in Cinemark by 5.2% during the fourth quarter. Principal Financial Group Inc. now owns 662,790 shares of the company's stock worth $20,533,000 after purchasing an additional 33,008 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in Cinemark in the fourth quarter valued at about $13,704,000.

Insider Buying and Selling

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the company'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 transaction of $246,213.00. Following the transaction, the insider now owns 147,414 shares of the company's stock, valued at approximately $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 at the SEC website. 2.30% of the stock is currently owned by company insiders.

Remove Ads

Analyst Ratings Changes

CNK has been the subject of a number of analyst reports. Wells Fargo & Company cut their target price on Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut 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. Benchmark decreased their target price on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Barrington Research reiterated an "outperform" rating and issued a $40.00 price target on shares of Cinemark in a report on Wednesday, February 19th. Finally, Macquarie restated an "outperform" rating and set a $35.00 target price on shares of Cinemark in a research report on Thursday, February 20th. One equities 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 given a strong buy rating to the company. According to data from MarketBeat, Cinemark presently has an average rating of "Moderate Buy" and a consensus price target of $32.70.

Cinemark Price Performance

CNK traded down $0.46 during midday trading on Friday, reaching $24.53. 4,131,073 shares of the company's stock were exchanged, compared to its average volume of 3,545,288. The business's 50-day moving average price is $27.21 and its 200 day moving average price is $29.30. The stock has a market capitalization of $3.00 billion, a PE ratio of 12.09 and a beta of 2.41. Cinemark Holdings, Inc. has a 1-year low of $16.32 and a 1-year high of $36.28. 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 (NYSE:CNK - Get Free Report) last issued 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). The company had revenue of $814.30 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. As a group, equities analysts anticipate that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Cinemark Announces Dividend

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 was Wednesday, March 5th. Cinemark's payout ratio is currently 15.76%.

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.