Cinemark Holdings, Inc. (NYSE:CNK) Holdings Reduced by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 23.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,417 shares of the company’s stock after selling 10,586 shares during the period. WINTON GROUP Ltd’s holdings in Cinemark were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC boosted its position in Cinemark by 6.8% during the 4th quarter. LPL Financial LLC now owns 8,722 shares of the company’s stock worth $270,000 after acquiring an additional 556 shares during the period. QRG Capital Management Inc. raised its stake in shares of Cinemark by 3.2% during the fourth quarter. QRG Capital Management Inc. now owns 17,730 shares of the company’s stock valued at $549,000 after purchasing an additional 557 shares in the last quarter. 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 worth $575,000 after purchasing an additional 583 shares during the period. GAMMA Investing LLC grew its position 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 buying an additional 906 shares in the last quarter. Finally, First National Bank of Hutchinson increased its stake in Cinemark by 3.9% during the 4th quarter. First National Bank of Hutchinson now owns 25,425 shares of the company’s stock valued at $788,000 after buying an additional 945 shares during the period.

Cinemark Stock Performance

Cinemark stock opened at $24.82 on Friday. Cinemark Holdings, Inc. has a fifty-two week low of $16.32 and a fifty-two week high of $36.28. The firm’s 50 day simple moving average is $27.54 and its 200-day simple moving average is $29.40. 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 company has a market cap of $3.04 billion, a P/E ratio of 12.22 and a beta of 2.41.

Cinemark (NYSE:CNK) last announced its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (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%. Cinemark’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) earnings per share. As a group, equities research analysts predict that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend 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 Cinemark 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 sale, the insider now 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CNK. JPMorgan Chase & Co. decreased their price objective on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Benchmark lowered their price target on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wedbush reissued a “neutral” rating and issued a $32.00 price objective on shares of Cinemark in a research note on Tuesday, February 18th. Morgan Stanley decreased their target price on Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price target on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. One investment 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.70.

About Cinemark

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.