MYDA Advisors LLC Has $7.32 Million Holdings in Cinemark Holdings Inc $CNK

MYDA Advisors LLC boosted its stake in Cinemark Holdings Inc (NYSE:CNK) by 215.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 315,000 shares of the company’s stock after purchasing an additional 215,000 shares during the quarter. Cinemark comprises 1.4% of MYDA Advisors LLC’s investment portfolio, making the stock its 15th biggest position. MYDA Advisors LLC owned 0.27% of Cinemark worth $7,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNK. EverSource Wealth Advisors LLC raised its stake in Cinemark by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 507 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Cinemark by 20.1% in the third quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock valued at $83,000 after purchasing an additional 506 shares in the last quarter. Leonteq Securities AG acquired a new position in Cinemark in the fourth quarter valued at about $83,000. GAMMA Investing LLC raised its stake in Cinemark by 51.8% in the fourth quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock valued at $93,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Cinemark in the fourth quarter valued at about $102,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barrington Research reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Cinemark in a research note on Monday, May 4th. B. Riley Financial boosted their price target on Cinemark from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on Cinemark from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley lifted their target price on Cinemark from $30.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cinemark in a research report on Friday, March 27th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.31.

Cinemark Stock Performance

Cinemark stock opened at $33.84 on Monday. Cinemark Holdings Inc has a 12-month low of $21.60 and a 12-month high of $34.40. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 5.03. The business’s 50-day moving average price is $29.00 and its two-hundred day moving average price is $26.51. The stock has a market cap of $3.95 billion, a PE ratio of 29.94 and a beta of 1.00.

Cinemark (NYSE:CNK) last released its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The business had revenue of $643.10 million during the quarter, compared to the consensus estimate of $632.74 million. During the same quarter in the prior year, the firm earned ($0.32) EPS. The business’s revenue was up 18.9% on a year-over-year basis. As a group, analysts expect that Cinemark Holdings Inc will post 2.16 earnings per share for the current fiscal year.

Cinemark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 28th. Cinemark’s payout ratio is 31.86%.

Cinemark Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in?theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate?owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large?format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.