Cinemark Holdings, Inc. (NYSE:CNK) Insider Sells $246,213.00 in Stock

Cinemark Holdings, Inc. (NYSE:CNK) 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 value of $246,213.00. Following the sale, the insider now owns 147,414 shares in the company, valued at approximately $3,980,178. This trade 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 available through the SEC website.

Cinemark Trading Down 1.1 %

CNK traded down $0.29 during trading on Tuesday, reaching $26.72. 3,244,904 shares of the company’s stock were exchanged, compared to its average volume of 2,921,964. The company’s fifty day moving average price is $30.13 and its 200-day moving average price is $29.82. The firm has a market capitalization of $3.27 billion, a PE ratio of 13.16 and a beta of 2.38. Cinemark Holdings, Inc. has a fifty-two week low of $16.04 and a fifty-two week 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.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $797.18 million. During the same period last year, the firm earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, equities analysts forecast that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elequin Capital LP raised its holdings in Cinemark by 211.6% in the fourth quarter. Elequin Capital LP now owns 997 shares of the company’s stock worth $31,000 after purchasing an additional 677 shares during the period. Russell Investments Group Ltd. increased its position in shares of Cinemark by 402.4% in the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock valued at $32,000 after buying an additional 825 shares in the last quarter. Quarry LP raised its stake in Cinemark by 714.8% during the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock worth $42,000 after buying an additional 1,308 shares during the period. Aster Capital Management DIFC Ltd raised its stake in Cinemark by 380.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock worth $59,000 after buying an additional 1,501 shares during the period. Finally, R Squared Ltd bought a new position in Cinemark during the fourth quarter worth about $63,000.

Analyst Upgrades and Downgrades

CNK has been the topic of several research analyst reports. Wedbush restated a “neutral” rating and set a $32.00 target price on shares of Cinemark in a report on Tuesday, February 18th. Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Cinemark in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Macquarie reissued an “outperform” rating and issued a $35.00 price target on shares of Cinemark in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.70.

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.