Xponance Inc. Acquires 7,386 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Xponance Inc. increased its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 96.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,079 shares of the company’s stock after buying an additional 7,386 shares during the quarter. Xponance Inc.’s holdings in Cinemark were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CNK. QRG Capital Management Inc. lifted its holdings in shares of Cinemark by 3.2% during the 4th quarter. QRG Capital Management Inc. now owns 17,730 shares of the company’s stock valued at $549,000 after buying an additional 557 shares during the period. Natixis Advisors LLC lifted its holdings in 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 during the period. GAMMA Investing LLC boosted its position in Cinemark by 44.9% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $91,000 after purchasing an additional 906 shares during the last quarter. Quarry LP grew its stake in shares of Cinemark by 714.8% during the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after purchasing an additional 1,308 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Cinemark by 4.4% during the 4th quarter. New York State Common Retirement Fund now owns 35,628 shares of the company’s stock valued at $1,104,000 after purchasing an additional 1,501 shares during the last quarter.

Cinemark Trading Up 1.8 %

Shares of CNK opened at $26.05 on Thursday. The firm has a market cap of $3.19 billion, a P/E ratio of 12.83 and a beta of 2.41. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year high of $36.28. The company has a 50 day simple moving average of $27.68 and a two-hundred day simple moving average of $29.45.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $797.18 million. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. The business’s revenue was up 27.5% on a year-over-year basis. On average, equities analysts expect that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The company also recently declared 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 presently 15.76%.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total transaction 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 trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CNK. Morgan Stanley dropped their price objective on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Macquarie reissued an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. Wells Fargo & Company decreased their target price on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Barrington Research reissued an “outperform” rating and set a $40.00 price target on shares of Cinemark in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price objective on Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.70.

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.