Cinemark Holdings, Inc. (NYSE:CNK) Shares Acquired by Versor Investments LP

Versor Investments LP lifted its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,800 shares of the company’s stock after acquiring an additional 11,200 shares during the quarter. Versor Investments LP’s holdings in Cinemark were worth $1,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund increased its stake in shares of Cinemark by 10.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 59,305 shares of the company’s stock worth $1,837,000 after acquiring an additional 5,706 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Cinemark during the fourth quarter worth about $477,000. Hussman Strategic Advisors Inc. acquired a new position in Cinemark during the fourth quarter worth about $976,000. Handelsbanken Fonder AB grew its position in Cinemark by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 23,432 shares of the company’s stock worth $726,000 after buying an additional 2,000 shares during the period. Finally, Ieq Capital LLC acquired a new position in Cinemark during the fourth quarter worth about $874,000.

Cinemark Stock Performance

Shares of CNK opened at $25.73 on Friday. 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 company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 12.67 and a beta of 2.38. The company’s 50 day simple moving average is $29.83 and its 200 day simple moving average is $29.77. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year high of $36.28.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.15) EPS. On average, sell-side analysts predict that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The business also recently declared a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 5th. Cinemark’s dividend payout ratio is currently 15.76%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wedbush restated a “neutral” rating and set a $32.00 target price on shares of Cinemark in a research report on Tuesday, February 18th. Benchmark lowered their price target on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Macquarie reiterated an “outperform” rating and issued a $35.00 price target on shares of Cinemark in a research report on Thursday, February 20th. 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.70.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

Cinemark Company Profile

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.