Junto Capital Management LP Makes New Investment in Cinemark Holdings Inc $CNK

Junto Capital Management LP purchased a new position in Cinemark Holdings Inc (NYSE:CNK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 910,376 shares of the company’s stock, valued at approximately $25,509,000. Junto Capital Management LP owned about 0.77% of Cinemark at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CNK. Intech Investment Management LLC increased its position in shares of Cinemark by 129.0% in the 3rd quarter. Intech Investment Management LLC now owns 156,602 shares of the company’s stock valued at $4,388,000 after acquiring an additional 88,203 shares during the period. Marshall Wace LLP lifted its position in Cinemark by 758.9% during the 2nd quarter. Marshall Wace LLP now owns 4,497,305 shares of the company’s stock worth $135,729,000 after acquiring an additional 3,973,689 shares during the period. Y Intercept Hong Kong Ltd grew its stake in Cinemark by 108.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 90,886 shares of the company’s stock valued at $2,547,000 after purchasing an additional 47,288 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Cinemark during the 3rd quarter valued at about $1,444,000. Finally, Cartenna Capital LP increased its holdings in shares of Cinemark by 29.4% in the third quarter. Cartenna Capital LP now owns 1,650,000 shares of the company’s stock valued at $46,233,000 after purchasing an additional 375,000 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CNK. UBS Group upgraded Cinemark to a “buy” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. cut their price target on shares of Cinemark from $37.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Moffett Nathanson raised shares of Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, January 20th. Wells Fargo & Company decreased their price objective on shares of Cinemark from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Finally, Benchmark reaffirmed a “buy” rating on shares of Cinemark in a report on Thursday, February 19th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.08.

Cinemark Stock Performance

Shares of CNK stock opened at $25.78 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 4.74. Cinemark Holdings Inc has a 12-month low of $21.60 and a 12-month high of $34.01. The business’s 50 day moving average is $25.18 and its two-hundred day moving average is $26.02. The company has a market capitalization of $2.98 billion, a P/E ratio of 29.63 and a beta of 1.08.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Cinemark had a net margin of 4.44% and a return on equity of 34.11%. The business had revenue of $776.30 million during the quarter, compared to analysts’ expectations of $778.41 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts expect that Cinemark Holdings Inc will post 1.93 EPS for the current fiscal year.

Cinemark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 3rd. Cinemark’s payout ratio is presently 41.38%.

Insiders Place Their Bets

In other Cinemark news, EVP Melissa Thomas sold 7,944 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $26.05, for a total transaction of $206,941.20. Following the completion of the transaction, the executive vice president directly owned 159,416 shares in the company, valued at approximately $4,152,786.80. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.