Versor Investments LP lifted its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 49.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,800 shares of the company's stock after buying an additional 11,200 shares during the period. Versor Investments LP's holdings in Cinemark were worth $1,047,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Quarry LP boosted its holdings 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 acquiring an additional 1,308 shares during the last quarter. R Squared Ltd purchased a new stake in Cinemark in the fourth quarter worth approximately $63,000. GAMMA Investing LLC raised its stake in Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $91,000 after buying an additional 906 shares during the last quarter. Quest Partners LLC bought a new position in shares of Cinemark during the 3rd quarter valued at $115,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Cinemark during the 3rd quarter valued at $209,000.
Cinemark Price Performance
Shares of NYSE CNK traded down $1.27 during midday trading on Monday, reaching $24.34. The stock had a trading volume of 4,937,046 shares, compared to its average volume of 2,667,511. 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 12-month low of $16.32 and a 12-month high of $36.28. The stock has a 50-day moving average of $29.72 and a 200-day moving average of $29.81. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 11.99 and a beta of 2.38.
Cinemark (NYSE:CNK - Get Free Report) last posted 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). The business 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 was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.15) earnings per share. As a group, research analysts anticipate that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal year.
Cinemark Announces Dividend
The firm also recently declared a -- dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. Cinemark's payout ratio is 15.76%.
Analyst Ratings Changes
A number of analysts recently commented on CNK shares. 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 cut their price target on Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Morgan Stanley lowered their price objective on shares of Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Wedbush restated a "neutral" rating and set a $32.00 target price on shares of Cinemark in a research report on Tuesday, February 18th. Finally, Macquarie reiterated an "outperform" rating and issued a $35.00 price target on shares of Cinemark in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.70.
Read Our Latest Research Report on CNK
Insiders Place Their Bets
In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total value of $246,213.00. Following the sale, the insider now owns 147,414 shares in the company, valued at $3,980,178. The trade was a 5.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
Cinemark Company Profile
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Free Report)
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.
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