Susquehanna Fundamental Investments LLC Makes New Investment in Cinemark Holdings, Inc. (NYSE:CNK)

Susquehanna Fundamental Investments LLC acquired a new stake in Cinemark Holdings, Inc. (NYSE:CNK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 161,605 shares of the company’s stock, valued at approximately $5,007,000. Susquehanna Fundamental Investments LLC owned about 0.13% of Cinemark as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Cinemark by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company’s stock valued at $387,408,000 after purchasing an additional 109,179 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cinemark by 100.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company’s stock valued at $127,159,000 after buying an additional 2,054,579 shares during the period. Renaissance Technologies LLC raised its position in Cinemark by 12.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,801,578 shares of the company’s stock worth $117,773,000 after acquiring an additional 430,006 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Cinemark by 14.5% in the fourth quarter. Marshall Wace LLP now owns 3,124,834 shares of the company’s stock valued at $96,807,000 after purchasing an additional 396,720 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cinemark by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,959,183 shares of the company’s stock valued at $91,676,000 after acquiring an additional 34,402 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CNK shares. Benchmark cut their price target on Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised Cinemark from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $34.00 in a research note on Friday, April 11th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Cinemark in a research note on Wednesday, February 19th. Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Cinemark in a research report on Monday. Finally, Macquarie reissued an “outperform” rating and set a $35.00 target price on shares of Cinemark in a research report on Thursday, February 20th. One research 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.10.

Cinemark Stock Up 1.5 %

Shares of NYSE CNK opened at $29.98 on Tuesday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 14.77 and a beta of 2.07. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year high of $36.28. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.96 and a current ratio of 1.01. The stock’s 50-day simple moving average is $26.18 and its 200-day simple moving average is $29.30.

Cinemark (NYSE:CNK) last released 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). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The company had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. During the same period in the previous year, the firm posted ($0.15) EPS. Cinemark’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, equities analysts anticipate that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is 15.76%.

Insider Buying and Selling

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 147,414 shares in the company, valued at approximately $3,980,178. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

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.