Vanguard Group Inc. Has $387.41 Million Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Vanguard Group Inc. raised its position in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,505,099 shares of the company's stock after buying an additional 109,179 shares during the quarter. Vanguard Group Inc. owned about 10.22% of Cinemark worth $387,408,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in CNK. Wealthfront Advisers LLC acquired a new stake in Cinemark in the fourth quarter valued at $13,704,000. Hennessy Advisors Inc. boosted its position in Cinemark by 13.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company's stock worth $61,629,000 after purchasing an additional 241,600 shares in the last quarter. Castellan Group acquired a new stake in Cinemark in the 3rd quarter valued at about $6,130,000. Amundi acquired a new position in Cinemark during the fourth quarter worth about $5,985,000. Finally, Pinnbrook Capital Management LP purchased a new position in shares of Cinemark during the 4th quarter worth approximately $4,937,000.

Cinemark Stock Down 1.8 %

Shares of NYSE:CNK traded down $0.46 during midday trading on Friday, hitting $24.53. 4,202,573 shares of the stock were exchanged, compared to its average volume of 2,926,280. The company has a market capitalization of $3.00 billion, a PE ratio of 12.09 and a beta of 2.41. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.96 and a current ratio of 1.01. Cinemark Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $36.28. The business's fifty day simple moving average is $27.21 and its two-hundred day simple moving average is $29.30.

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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 business had revenue of $814.30 million during the quarter, compared to analyst estimates of $797.18 million. During the same period in the previous year, the firm posted ($0.15) EPS. The firm's revenue for the quarter was up 27.5% on a year-over-year basis. As a group, research analysts predict that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The company also recently declared a -- dividend, which was paid on Wednesday, March 19th. Shareholders 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 15.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CNK shares. JPMorgan Chase & Co. decreased their price target on shares of Cinemark from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Barrington Research restated an "outperform" rating and set a $40.00 target price on shares of Cinemark in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their target price on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Macquarie reissued an "outperform" rating and issued a $35.00 target price on shares of Cinemark in a report on Thursday, February 20th. Finally, Wedbush restated a "neutral" rating and issued a $32.00 price target on shares of Cinemark in a research note on Tuesday, February 18th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.70.

Insider Transactions at Cinemark

In related news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total transaction of $246,213.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

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.