Inspire Advisors LLC Sells 791 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Inspire Advisors LLC reduced its position in Cinemark Holdings, Inc. (NYSE:CNK) by 9.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,743 shares of the company’s stock after selling 791 shares during the quarter. Inspire Advisors LLC’s holdings in Cinemark were worth $240,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 worth $1,733,000 after purchasing an additional 29,295 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Cinemark in the 3rd quarter worth $1,960,000. Entropy Technologies LP bought a new position in shares of Cinemark in the 3rd quarter worth $893,000. KBC Group NV lifted its holdings in shares of Cinemark by 470.1% in the 4th quarter. KBC Group NV now owns 16,920 shares of the company’s stock worth $524,000 after purchasing an additional 13,952 shares in the last quarter. Finally, Blueshift Asset Management LLC lifted its stake in Cinemark by 180.2% during the 3rd 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 in the last quarter.

Insider Buying and Selling

In related news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark 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 owns 147,414 shares of the company’s stock, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CNK has been the topic of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $40.00 price objective on shares of Cinemark in a research note on Wednesday, February 19th. Benchmark dropped their price objective on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley dropped their price objective on Cinemark from $40.00 to $35.00 and set an “overweight” 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 on the stock in a research note on Wednesday, January 29th. Finally, Macquarie restated an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a research note 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.70.

Cinemark Trading Down 0.7 %

Shares of Cinemark stock opened at $23.90 on Thursday. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year high of $36.28. The firm has a market cap of $2.92 billion, a PE ratio of 11.77 and a beta of 2.41. The stock has a fifty day moving average price of $28.65 and a 200-day moving average price of $29.62. 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 announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The firm had revenue of $814.30 million during the quarter, compared to analysts’ expectations of $797.18 million. During the same period last year, the business posted ($0.15) EPS. The company’s revenue was up 27.5% compared to the same quarter last year. Equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

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

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.