Capula Management Ltd Has $323,000 Position in Cinemark Holdings, Inc. (NYSE:CNK)

Capula Management Ltd lessened its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 69.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,437 shares of the company’s stock after selling 23,767 shares during the period. Capula Management Ltd’s holdings in Cinemark were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Cinemark by 148.7% in the third quarter. FMR LLC now owns 30,401 shares of the company’s stock worth $846,000 after purchasing an additional 18,177 shares during the period. Quarry LP increased its holdings in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 1,308 shares during the period. XTX Topco Ltd acquired a new position in shares of Cinemark in the 3rd quarter valued at approximately $474,000. Luxor Capital Group LP raised its position in shares of Cinemark by 2.9% in the 3rd quarter. Luxor Capital Group LP now owns 102,200 shares of the company’s stock valued at $2,845,000 after buying an additional 2,905 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Cinemark by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,449,567 shares of the company’s stock worth $68,209,000 after purchasing an additional 25,857 shares during the last quarter.

Analyst Ratings Changes

CNK has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Wedbush reiterated a “neutral” rating and issued a $32.00 target price on shares of Cinemark in a research report on Tuesday, February 18th. Benchmark dropped their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Macquarie restated an “outperform” rating and issued a $35.00 price target on shares of Cinemark in a research note on Thursday, February 20th. Finally, Morgan Stanley lowered their price objective on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.70.

Cinemark Trading Up 4.4 %

CNK opened at $25.66 on Tuesday. 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 fifty-two week low of $16.32 and a fifty-two week high of $36.28. The company’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $29.26. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 12.64 and a beta of 2.07.

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

Cinemark Dividend Announcement

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

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the firm’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 sale, the insider now owns 147,414 shares of the company’s stock, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

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.