1 week Ago By ABMN Staff
JPMorgan Chase & Co. cut its stake in shares of Cinemark Holdings, Inc. ( NYSE:CNK – Free Report ) by 81.
2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 588,932 shares of the company’s stock after selling 2,538,901 shares during the quarter. JPMorgan Chase & Co.
’s holdings in Cinemark were worth $18,245,000 at the end of the most recent reporting period. Other large investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new position in shares of Cinemark in the 4th quarter valued at about $13,704,000.
Hennessy Advisors Inc. lifted its position in shares of Cinemark by 13.8% during the 4th quarter.
Hennessy Advisors Inc. now owns 1,989,300 shares of the company’s stock worth $61,629,000 after buying an additional 241,600 shares during the last quarter. Castellan Group acquired a new position in shares of Cinemark in the 3rd quarter valued at $6,130,000.
Amundi purchased a new position in shares of Cinemark in the 4th quarter valued at $5,985,000. Finally, Pinnbrook Capital Management LP acquired a new stake in Cinemark during the 4th quarter worth $4,937,000. Cinemark Price Performance Shares of NYSE:CNK opened at $27.
90 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.
01 and a debt-to-equity ratio of 3.28. The company has a 50-day moving average price of $26.
77 and a 200 day moving average price of $29.19. Cinemark Holdings, Inc.
has a 52 week low of $16.32 and a 52 week high of $36.28.
The company has a market cap of $3.29 billion, a P/E ratio of 13.74 and a beta of 2.
07. Cinemark Dividend Announcement The business also recently declared a — dividend, which was paid on Wednesday, March 19th. Stockholders 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 dividend payout ratio (DPR) is presently 15.
76%. Analyst Ratings Changes CNK has been the topic of several research reports. Macquarie reaffirmed an “outperform” rating and set a $35.
00 price objective on shares of Cinemark in a report on Thursday, February 20th. Wedbush reaffirmed a “neutral” rating and set a $32.00 price target on shares of Cinemark in a research report on Tuesday, February 18th.
Wells Fargo & Company decreased their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th.
Benchmark cut their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.
Finally, Barrington Research reiterated an “outperform” rating and set a $40.00 price target on shares of Cinemark in a research note on Wednesday, February 19th. 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.10. View Our Latest Stock Analysis on Cinemark Insider Activity In related 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 transaction, the insider now directly owns 147,414 shares of the company’s stock, valued at $3,980,178. This trade represents a 5.83 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Insiders own 2.30% of the company’s stock.
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.
See Also Want to see what other hedge funds are holding CNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cinemark Holdings, Inc. ( NYSE:CNK – Free Report ).
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