Cinemark Holdings, Inc. (NYSE:CNK) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC trimmed its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,661 shares of the company’s stock after selling 1,660 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Cinemark were worth $1,662,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CNK. Quarry LP lifted its stake in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after buying an additional 1,308 shares in the last quarter. R Squared Ltd acquired a new position in shares of Cinemark during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC raised its holdings in shares of Cinemark by 44.9% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $91,000 after acquiring an additional 906 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Cinemark by 198.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company’s stock valued at $103,000 after acquiring an additional 2,207 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Cinemark in the third quarter worth approximately $115,000.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the business’s 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 of the company’s stock, valued at $3,980,178. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Cinemark Stock Down 0.6 %

Shares of NYSE CNK opened at $23.63 on Friday. The company has a market capitalization of $2.89 billion, a P/E ratio of 11.64 and a beta of 2.38. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The company has a 50 day simple moving average of $29.20 and a 200-day simple moving average of $29.70. 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 earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) 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 business had revenue of $814.30 million for the quarter, compared to analyst estimates of $797.18 million. During the same period last year, the business earned ($0.15) EPS. Cinemark’s revenue was up 27.5% compared to the same quarter last year. On average, equities research analysts predict that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is currently 15.76%.

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.