313,990 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Bought by JAT Capital Mgmt LP

JAT Capital Mgmt LP bought a new stake in Cinemark Holdings, Inc. (NYSE:CNK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 313,990 shares of the company’s stock, valued at approximately $9,727,000. Cinemark accounts for approximately 1.5% of JAT Capital Mgmt LP’s portfolio, making the stock its 18th biggest holding. JAT Capital Mgmt LP owned 0.26% of Cinemark as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in shares of Cinemark by 402.4% in the fourth quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock valued at $32,000 after purchasing an additional 825 shares during the period. Aster Capital Management DIFC Ltd lifted its position in shares of Cinemark by 380.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock valued at $59,000 after acquiring an additional 1,501 shares during the period. R Squared Ltd purchased a new stake in Cinemark during the fourth quarter worth $63,000. Quarry LP increased its position in shares of Cinemark by 41.8% in the fourth quarter. Quarry LP now owns 2,114 shares of the company’s stock valued at $65,000 after buying an additional 623 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $91,000 after buying an additional 906 shares during the last quarter.

Insider Activity at Cinemark

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 value of $246,213.00. Following the completion of the transaction, the insider now owns 147,414 shares in the company, valued at $3,980,178. This represents a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Cinemark Stock Down 0.7 %

Shares of NYSE CNK opened at $29.79 on Wednesday. Cinemark Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $36.28. The stock has a market capitalization of $3.51 billion, a PE ratio of 14.67 and a beta of 2.07. 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 firm has a fifty day moving average of $26.22 and a 200-day moving average of $29.30.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 EPS 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 for the quarter, compared to analyst estimates of $797.18 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. The business’s revenue was up 27.5% compared to the same quarter last year. On average, analysts anticipate that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark’s payout ratio is 15.76%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CNK shares. Morgan Stanley reduced their target price on Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Benchmark reduced their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Cinemark from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $30.00 to $34.00 in a research note on Friday, April 11th. Wells Fargo & Company cut their price objective on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Finally, Macquarie restated an “outperform” rating and set a $35.00 target price on shares of Cinemark in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.10.

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.