Virtu Financial LLC Invests $346,000 in Cinemark Holdings, Inc. (NYSE:CNK)

Virtu Financial LLC purchased a new position in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,161 shares of the company's stock, valued at approximately $346,000.

A number of other large investors also recently bought and sold shares of the business. Quarry LP increased its stake in shares of Cinemark by 714.8% during the third quarter. Quarry LP now owns 1,491 shares of the company's stock valued at $42,000 after purchasing an additional 1,308 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Cinemark in the 4th quarter worth approximately $63,000. GAMMA Investing LLC increased its position 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in Cinemark by 198.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company's stock valued at $103,000 after buying an additional 2,207 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Cinemark in the third quarter worth $115,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CNK. JPMorgan Chase & Co. lowered their price target on Cinemark from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Morgan Stanley dropped their target price 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. Barrington Research reissued an "outperform" rating and set a $40.00 price target on shares of Cinemark in a research report on Wednesday, February 19th. Benchmark cut their target price on Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Wells Fargo & Company decreased their target price on Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.70.

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Cinemark Stock Performance

NYSE CNK traded down $0.92 on Friday, reaching $24.82. 2,382,732 shares of the stock were exchanged, compared to its average volume of 2,910,945. The firm has a market capitalization of $3.04 billion, a PE ratio of 12.22 and a beta of 2.41. Cinemark Holdings, Inc. has a one year low of $16.32 and a one year high of $36.28. The company's 50-day simple moving average is $27.54 and its two-hundred day simple moving average is $29.41. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28.

Cinemark (NYSE:CNK - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The firm had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. During the same period in the prior year, the company posted ($0.15) EPS. The company's quarterly revenue was up 27.5% on a year-over-year basis. Analysts expect 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. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark's dividend payout ratio (DPR) is currently 15.76%.

Insider Activity

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark 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 sale, the insider now owns 147,414 shares of the company's stock, valued at $3,980,178. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.30% of the company's stock.

Cinemark Company 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.