Virtu Financial LLC Acquires New Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Virtu Financial LLC bought a new stake in Cinemark Holdings, Inc. (NYSE:CNK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,161 shares of the company’s stock, valued at approximately $346,000.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its holdings in shares of Cinemark by 2.9% in the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock valued at $575,000 after acquiring an additional 583 shares in the last quarter. Quest Partners LLC bought a new position in Cinemark during the 3rd quarter valued at $115,000. Intech Investment Management LLC increased its position in shares of Cinemark by 139.5% during the 3rd quarter. Intech Investment Management LLC now owns 48,155 shares of the company’s stock valued at $1,341,000 after purchasing an additional 28,051 shares during the period. Quantbot Technologies LP acquired a new position in shares of Cinemark during the 3rd quarter valued at $687,000. Finally, FMR LLC lifted its holdings in shares of Cinemark by 148.7% in the third quarter. FMR LLC now owns 30,401 shares of the company’s stock valued at $846,000 after buying an additional 18,177 shares during the period.

Cinemark Price Performance

Shares of NYSE:CNK opened at $26.05 on Thursday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 12.83 and a beta of 2.41. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year 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 business has a fifty day simple moving average of $27.68 and a 200 day simple moving average of $29.45.

Cinemark (NYSE:CNK) last posted 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 for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. As a group, sell-side analysts predict that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is presently 15.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company cut 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. Macquarie restated an “outperform” rating and issued a $35.00 price target on shares of Cinemark in a research report on Thursday, February 20th. Wedbush reiterated a “neutral” rating and set a $32.00 price objective on shares of Cinemark in a research report on Tuesday, February 18th. Finally, Benchmark cut their target price on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cinemark currently has a consensus rating of “Moderate Buy” and an average price target of $32.70.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total transaction of $246,213.00. Following the transaction, the insider now directly owns 147,414 shares in the company, valued at $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Cinemark 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.