Y Intercept Hong Kong Ltd Takes $477,000 Position in Cinemark Holdings, Inc. (NYSE:CNK)

Y Intercept Hong Kong Ltd purchased a new position in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,381 shares of the company's stock, valued at approximately $477,000.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Cinemark by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,449,567 shares of the company's stock valued at $68,209,000 after acquiring an additional 25,857 shares during the period. Hennessy Advisors Inc. lifted its stake in shares of Cinemark by 13.8% in the 4th 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 during the period. Maverick Capital Ltd. boosted its holdings in shares of Cinemark by 1,356.4% in the third quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company's stock worth $42,255,000 after buying an additional 1,413,557 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Cinemark by 2.4% in the third quarter. Royal London Asset Management Ltd. now owns 1,264,614 shares of the company's stock worth $35,207,000 after buying an additional 29,275 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Cinemark by 5.2% during the fourth quarter. Principal Financial Group Inc. now owns 662,790 shares of the company's stock valued at $20,533,000 after buying an additional 33,008 shares during the period.

Cinemark Price Performance

Shares of CNK stock traded down $0.57 during mid-day trading on Thursday, hitting $23.19. The company had a trading volume of 1,136,552 shares, compared to its average volume of 2,696,430. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The stock's 50 day moving average price is $29.33 and its 200-day moving average price is $29.74. Cinemark Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $36.28. The company has a market capitalization of $2.84 billion, a P/E ratio of 11.43 and a beta of 2.38.

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Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The company had revenue of $814.30 million during the quarter, compared to analysts' expectations of $797.18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The firm's revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) EPS. Equities research analysts forecast that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Announces Dividend

The company also recently declared a -- dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 5th. Cinemark's dividend payout ratio is presently 15.76%.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Benchmark dropped their price target on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. StockNews.com upgraded Cinemark from a "sell" rating to a "hold" rating in a research report on Sunday, November 10th. Wedbush restated a "neutral" rating and issued a $32.00 price target on shares of Cinemark in a research report on Tuesday, February 18th. Macquarie reaffirmed an "outperform" rating and set a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cinemark currently has an average rating of "Moderate Buy" and a consensus price target of $32.70.

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.