denkapparat Operations GmbH Acquires Shares of 9,380 Cinemark Holdings, Inc. (NYSE:CNK)

denkapparat Operations GmbH bought a new position in Cinemark Holdings, Inc. (NYSE:CNK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,380 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNK. New Age Alpha Advisors LLC bought a new position in shares of Cinemark during the fourth quarter valued at about $183,000. Norges Bank bought a new position in shares of Cinemark during the fourth quarter valued at approximately $25,623,000. Prudential Financial Inc. lifted its stake in Cinemark by 81.2% in the fourth quarter. Prudential Financial Inc. now owns 346,525 shares of the company’s stock worth $10,735,000 after acquiring an additional 155,243 shares during the period. Vanguard Group Inc. boosted its holdings in Cinemark by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company’s stock valued at $387,408,000 after acquiring an additional 109,179 shares in the last quarter. Finally, LPL Financial LLC increased its position in Cinemark by 6.8% during the 4th quarter. LPL Financial LLC now owns 8,722 shares of the company’s stock valued at $270,000 after purchasing an additional 556 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target 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. Morgan Stanley dropped their price target on Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Macquarie reiterated an “outperform” rating and issued a $35.00 price objective on shares of Cinemark in a report on Thursday, February 20th. Wedbush reissued a “neutral” rating and set a $32.00 price objective on shares of Cinemark in a research report on Tuesday, February 18th. Finally, Barrington Research reiterated an “outperform” rating and issued a $40.00 price target 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 given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.70.

Insider Activity

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 stock was sold at an average price of $27.00, for a total transaction of $246,213.00. Following the sale, the insider now directly owns 147,414 shares in the company, valued at $3,980,178. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.

Cinemark Trading Down 1.3 %

Shares of CNK stock opened at $25.71 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. Cinemark Holdings, Inc. has a 12-month low of $16.32 and a 12-month high of $36.28. The stock has a market capitalization of $3.14 billion, a P/E ratio of 12.67 and a beta of 2.41. The firm’s 50 day moving average is $27.62 and its 200 day moving average is $29.42.

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

Cinemark Announces Dividend

The business also recently announced a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark’s payout ratio is 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.