State of New Jersey Common Pension Fund D Has $1.94 Million Stock Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

State of New Jersey Common Pension Fund D decreased its position in Cinemark Holdings, Inc. (NYSE:CNK) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,755 shares of the company’s stock after selling 7,659 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Cinemark worth $1,944,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Aigen Investment Management LP raised its stake in shares of Cinemark by 198.9% in the third quarter. Aigen Investment Management LP now owns 49,400 shares of the company’s stock valued at $1,375,000 after purchasing an additional 32,870 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Cinemark by 88.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company’s stock valued at $1,733,000 after buying an additional 29,295 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Cinemark during the 3rd quarter worth about $893,000. KBC Group NV boosted its position in shares of Cinemark by 470.1% during the 4th quarter. KBC Group NV now owns 16,920 shares of the company’s stock valued at $524,000 after acquiring an additional 13,952 shares in the last quarter. Finally, Blueshift Asset Management LLC increased its stake in Cinemark by 180.2% in the third quarter. Blueshift Asset Management LLC now owns 114,674 shares of the company’s stock valued at $3,193,000 after acquiring an additional 73,747 shares during the period.

Cinemark Stock Down 1.2 %

Shares of NYSE CNK opened at $27.12 on Tuesday. Cinemark Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $36.28. The firm’s 50-day simple moving average is $30.13 and its 200 day simple moving average is $29.82. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 13.36 and a beta of 2.38.

Cinemark (NYSE:CNK) last announced its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $814.30 million for the quarter, compared to analyst estimates of $797.18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. Cinemark’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. On average, research analysts expect that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Announces Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is currently 15.76%.

Analysts Set New Price Targets

CNK has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of Cinemark in a research report on Wednesday, February 19th. Macquarie restated an “outperform” rating and set a $35.00 target price on shares of Cinemark in a research report on Thursday, February 20th. Benchmark decreased their price target on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, Wedbush restated a “neutral” rating and issued a $32.00 target price on shares of Cinemark in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cinemark currently has an average rating of “Moderate Buy” and an average target price of $32.70.

About Cinemark

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.