New York State Common Retirement Fund Acquires 1,501 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

New York State Common Retirement Fund grew its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,628 shares of the company’s stock after buying an additional 1,501 shares during the quarter. New York State Common Retirement Fund’s holdings in Cinemark were worth $1,104,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of 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. raised its holdings in shares of Cinemark by 13.8% in the fourth quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company’s stock worth $61,629,000 after buying an additional 241,600 shares during the period. Maverick Capital Ltd. lifted its stake in shares of Cinemark by 1,356.4% during the 3rd quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock worth $42,255,000 after acquiring an additional 1,413,557 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in Cinemark by 2.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,264,614 shares of the company’s stock valued at $35,207,000 after acquiring an additional 29,275 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Cinemark by 5.2% in the fourth quarter. Principal Financial Group Inc. now owns 662,790 shares of the company’s stock worth $20,533,000 after purchasing an additional 33,008 shares during the period.

Cinemark Trading Down 5.0 %

Shares of NYSE CNK opened at $24.34 on Tuesday. The business has a fifty day moving average price of $29.60 and a 200 day moving average price of $29.80. Cinemark Holdings, Inc. has a 1-year low of $16.32 and a 1-year high of $36.28. 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 has a market capitalization of $2.98 billion, a P/E ratio of 11.99 and a beta of 2.38.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $814.30 million during 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%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.15) earnings per share. Equities research analysts expect that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued 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 Transactions at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total transaction of $246,213.00. Following the transaction, the insider now owns 147,414 shares in the company, valued at approximately $3,980,178. This represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CNK shares. Wells Fargo & Company lowered their target price on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Benchmark lowered their price objective on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. 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 report on Thursday, February 20th. Finally, Barrington Research reissued an “outperform” rating and issued a $40.00 price objective on shares of Cinemark in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have assigned 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, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.