6 days Ago By Defense World Staff
Alliancebernstein L.P. trimmed its holdings in shares of Cinemark Holdings, Inc.
(NYSE:CNK – Free Report) by 41.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,806 shares of the company’s stock after selling 89,748 shares during the quarter.
Alliancebernstein L.P. owned 0.
10% of Cinemark worth $3,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Cinemark in the fourth quarter worth about $63,000.
GAMMA Investing LLC raised its position in shares of Cinemark by 44.9% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $91,000 after purchasing an additional 906 shares during the last quarter.
Smartleaf Asset Management LLC boosted its stake in Cinemark by 198.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company’s stock worth $103,000 after purchasing an additional 2,207 shares in the last quarter.
New Age Alpha Advisors LLC purchased a new stake in Cinemark during the 4th quarter worth approximately $183,000. Finally, HighTower Advisors LLC acquired a new position in Cinemark during the 4th quarter valued at approximately $224,000. Insider Buying and SellingIn related news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark stock in a transaction dated Tuesday, February 25th.
The stock was sold at an average price of $27.00, for a total value of $246,213.00.
Following the sale, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. The trade was a 5.83 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.
Analyst Ratings ChangesSeveral equities research analysts have recently commented on CNK shares. Benchmark lowered their price objective on shares of Cinemark from $40.00 to $35.
00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. upgraded Cinemark from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $30.
00 to $34.00 in a research note on Friday. Barrington Research reaffirmed an “outperform” rating and set a $40.
00 target price on shares of Cinemark in a report on Wednesday, February 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $32.00 price target on shares of Cinemark in a report on Tuesday, February 18th.
One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.
10.View Our Latest Research Report on CNKCinemark Price PerformanceShares of NYSE CNK opened at $27.84 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. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 13.
71 and a beta of 2.07. The firm’s 50 day simple moving average is $26.
72 and its 200-day simple moving average is $29.21. Cinemark Holdings, Inc.
has a 12 month low of $16.32 and a 12 month high of $36.28.
Cinemark (NYSE:CNK – Get Free Report) last released 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). The firm had revenue of $814.
30 million for 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 firm’s quarterly revenue was up 27.
5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.15) EPS.
Analysts expect that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.
Cinemark Dividend AnnouncementThe firm also recently declared a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.08 dividend.
The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark’s dividend payout ratio is presently 15.76%.
About Cinemark (Free Report)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.
Featured ArticlesFive stocks we like better than CinemarkWhat is a SEC Filing?Why NVIDIA Stock Could Soar Despite Wall Street DowngradesWhat is diluted earnings per share (Diluted EPS)?Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldDiversification Can Smooth Returns And Mitigate Portfolio Risk3 Hot New IPOs Defying the 2025 Market Slump.
