Cinemark Holdings Inc $CNK Shares Sold by Luxor Capital Group LP

Luxor Capital Group LP lowered its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 228,395 shares of the company’s stock after selling 20,000 shares during the quarter. Cinemark comprises about 0.5% of Luxor Capital Group LP’s holdings, making the stock its 22nd largest position. Luxor Capital Group LP owned approximately 0.20% of Cinemark worth $6,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CNK. EverSource Wealth Advisors LLC lifted its position in Cinemark by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 507 shares during the period. Leonteq Securities AG purchased a new stake in shares of Cinemark during the fourth quarter worth approximately $83,000. GAMMA Investing LLC raised its stake in shares of Cinemark by 51.8% during the fourth quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock worth $93,000 after purchasing an additional 1,372 shares during the last quarter. KBC Group NV lifted its holdings in shares of Cinemark by 56.9% during the first quarter. KBC Group NV now owns 4,334 shares of the company’s stock worth $124,000 after purchasing an additional 1,572 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Cinemark during the fourth quarter worth $102,000.

Cinemark Stock Down 0.1%

Cinemark stock opened at $32.67 on Friday. The stock’s 50 day moving average price is $30.71 and its 200 day moving average price is $28.07. Cinemark Holdings Inc has a 1-year low of $21.60 and a 1-year high of $34.73. The company has a market cap of $3.82 billion, a PE ratio of 28.91 and a beta of 0.98. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.62 and a quick ratio of 0.58.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The business had revenue of $643.10 million during the quarter, compared to analysts’ expectations of $632.74 million. During the same quarter in the previous year, the company posted ($0.32) EPS. The company’s revenue was up 18.9% compared to the same quarter last year. On average, sell-side analysts predict that Cinemark Holdings Inc will post 2.14 EPS for the current fiscal year.

Cinemark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. Cinemark’s dividend payout ratio is 31.86%.

Analyst Ratings Changes

CNK has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cinemark in a research report on Wednesday, June 24th. Roth Capital restated a “buy” rating and set a $38.00 price objective on shares of Cinemark in a research report on Friday, July 17th. Morgan Stanley lifted their target price on shares of Cinemark from $30.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Barrington Research reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Cinemark in a report on Monday, May 4th. Finally, The Goldman Sachs Group upgraded shares of Cinemark from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $23.00 to $30.00 in a research note on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cinemark presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.58.

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.