1 week Ago By Defense World Staff
JPMorgan Chase & Co. trimmed its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK – Free Report) by 81.
2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,932 shares of the company’s stock after selling 2,538,901 shares during the period. JPMorgan Chase & Co.
owned 0.48% of Cinemark worth $18,245,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
R Squared Ltd acquired a new stake in shares of Cinemark in the fourth quarter worth approximately $63,000. GAMMA Investing LLC lifted its holdings in 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in Cinemark by 198.3% during 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 during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Cinemark during the fourth quarter worth $224,000. Finally, Optimist Retirement Group LLC acquired a new stake in shares of Cinemark in the fourth quarter valued at about $257,000.
Cinemark Stock PerformanceNYSE CNK opened at $27.90 on Friday. The stock has a market cap of $3.
29 billion, a PE ratio of 13.74 and a beta of 2.07.
Cinemark Holdings, Inc. has a twelve month low of $16.32 and a twelve month high of $36.
28. The stock has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $29.
19. The company has a current ratio of 1.01, a quick ratio of 0.
96 and a debt-to-equity ratio of 3.28. Cinemark (NYSE:CNK – Get Free Report) last announced its 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 for the quarter, compared to analysts’ expectations of $797.
18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.
16%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year.
During the same period last year, the business earned ($0.15) EPS. Equities analysts anticipate that Cinemark Holdings, Inc.
will post 1.93 earnings per share for the current year. Cinemark Announces DividendThe business also recently announced a — dividend, which was paid on Wednesday, March 19th.
Investors of record on Wednesday, March 5th were issued a $0.08 dividend. The ex-dividend date was Wednesday, March 5th.
Cinemark’s dividend payout ratio (DPR) is presently 15.76%. Insider Buying and Selling at CinemarkIn related news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark stock in a transaction that occurred on Tuesday, February 25th.
The shares were 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 owns 147,414 shares in the company, valued at approximately $3,980,178. The trade was a 5.83 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.
Analyst Upgrades and DowngradesCNK has been the topic of a number of recent research reports. Morgan Stanley lowered their price target on shares of Cinemark from $40.00 to $35.
00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Barrington Research restated an “outperform” rating and set a $40.00 target price on shares of Cinemark in a report on Wednesday, February 19th.
Wells Fargo & Company cut their price target on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th.
Macquarie reissued an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a research note on Thursday, February 20th. Finally, Benchmark cut their target price on Cinemark from $40.
00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have given 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, Cinemark has a consensus rating of “Moderate Buy” and an average price target of $33.10.
Check Out Our Latest Stock Analysis on CNKCinemark Profile (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.
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