196,681 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Bought by Amundi

Amundi purchased a new position in Cinemark Holdings, Inc. (NYSE:CNK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 196,681 shares of the company’s stock, valued at approximately $5,985,000. Amundi owned about 0.16% of Cinemark at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CNK. Maverick Capital Ltd. grew its holdings in Cinemark by 1,356.4% in the 3rd quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock valued at $42,255,000 after buying an additional 1,413,557 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Cinemark by 1,532.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 650,227 shares of the company’s stock valued at $18,102,000 after buying an additional 610,398 shares during the period. Hennessy Advisors Inc. increased its position in shares of Cinemark by 13.8% during 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 during the last quarter. Castellan Group acquired a new position in shares of Cinemark in the 3rd quarter worth approximately $6,130,000. Finally, Pinnbrook Capital Management LP acquired a new stake in Cinemark in the 4th quarter valued at approximately $4,937,000.

Cinemark Stock Performance

Shares of CNK stock opened at $24.20 on Friday. Cinemark Holdings, Inc. has a 12 month low of $16.32 and a 12 month high of $36.28. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. The company has a market cap of $2.96 billion, a P/E ratio of 11.92 and a beta of 2.41. The firm has a fifty day moving average price of $28.37 and a 200 day moving average price of $29.56.

Cinemark (NYSE:CNK) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $797.18 million. Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The company’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.15) EPS. Sell-side analysts predict that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 5th. Cinemark’s dividend payout ratio is presently 15.76%.

Insider Activity

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the sale, the insider now directly owns 147,414 shares of the company’s stock, valued at $3,980,178. This represents 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. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price target on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Wedbush restated a “neutral” rating and set a $32.00 target price on shares of Cinemark in a report on Tuesday, February 18th. Benchmark reduced their price target 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. Morgan Stanley dropped their price objective on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.70.

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.