Cinemark Holdings, Inc. (NYSE:CNK) Shares Sold by US Bancorp DE

US Bancorp DE lessened its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 83.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,675 shares of the company’s stock after selling 17,977 shares during the quarter. US Bancorp DE’s holdings in Cinemark were worth $114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CNK. Crossmark Global Holdings Inc. acquired a new position in shares of Cinemark during the 3rd quarter worth $209,000. State of New Jersey Common Pension Fund D acquired a new position in Cinemark in the 3rd quarter valued at about $1,960,000. GSA Capital Partners LLP acquired a new position in Cinemark in the 3rd quarter valued at about $572,000. Natixis Advisors LLC raised its stake in Cinemark by 2.9% in the 3rd quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock valued at $575,000 after purchasing an additional 583 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Cinemark in the 3rd quarter valued at about $115,000.

Cinemark Trading Up 1.4 %

NYSE CNK opened at $24.20 on Monday. The company has a 50-day moving average of $28.37 and a 200-day moving average of $29.58. The company has a market cap of $2.96 billion, a P/E ratio of 11.92 and a beta of 2.41. Cinemark Holdings, Inc. has a 12 month low of $16.32 and a 12 month 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.

Cinemark (NYSE:CNK) last posted 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 business 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%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the company posted ($0.15) EPS. As a group, equities analysts predict that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Dividend Announcement

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

Insider Buying and Selling

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction that occurred 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 sale, the insider now owns 147,414 shares of the company’s stock, valued at $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark cut their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Morgan Stanley cut their target price on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Wedbush reissued a “neutral” rating and issued a $32.00 target price on shares of Cinemark in a research note on Tuesday, February 18th. Finally, Barrington Research restated an “outperform” rating and issued a $40.00 price target on shares of Cinemark in a report on Wednesday, February 19th. One investment 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’s stock. According to MarketBeat, Cinemark presently has a consensus rating of “Moderate Buy” and a consensus 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.