Jacobs Levy Equity Management Inc. Purchases 14,289 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Jacobs Levy Equity Management Inc. grew its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,499 shares of the company’s stock after acquiring an additional 14,289 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.09% of Cinemark worth $3,237,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of Cinemark by 402.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock valued at $32,000 after acquiring an additional 825 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in shares of Cinemark by 380.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock valued at $59,000 after acquiring an additional 1,501 shares in the last quarter. R Squared Ltd acquired a new position in shares of Cinemark during the fourth quarter valued at about $63,000. Quarry LP increased its holdings in shares of Cinemark by 41.8% during the fourth quarter. Quarry LP now owns 2,114 shares of the company’s stock valued at $65,000 after acquiring an additional 623 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Cinemark by 198.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company’s stock worth $103,000 after buying an additional 2,207 shares during the period.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 in the company, 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 the SEC website. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CNK shares. Morgan Stanley cut their price target on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. increased their price target on shares of Cinemark from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Wedbush reiterated a “neutral” rating and issued a $32.00 price target on shares of Cinemark in a report on Monday, April 28th. Macquarie reiterated an “outperform” rating and issued a $35.00 price target on shares of Cinemark in a report on Thursday, February 20th. Finally, Wells Fargo & Company cut their price target on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cinemark presently has an average rating of “Moderate Buy” and an average target price of $32.80.

Cinemark Trading Up 1.5%

Cinemark stock opened at $31.08 on Thursday. 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 Holdings, Inc. has a 12 month low of $16.32 and a 12 month high of $36.28. The stock’s 50 day simple moving average is $27.23 and its two-hundred day simple moving average is $29.43. The firm has a market cap of $3.57 billion, a PE ratio of 15.31 and a beta of 1.91.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, hitting the consensus estimate of ($0.32). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The business had revenue of $540.70 million for the quarter, compared to analyst estimates of $604.62 million. During the same quarter in the prior year, the firm posted $0.19 EPS. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. Analysts anticipate that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, March 19th. Stockholders 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 dividend payout ratio (DPR) is 21.05%.

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.