Victory Capital Management Inc. Has $37.18 Million Position in Cinemark Holdings, Inc. (NYSE:CNK)

Victory Capital Management Inc. cut its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 23.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,200,117 shares of the company’s stock after selling 372,262 shares during the quarter. Victory Capital Management Inc.’s holdings in Cinemark were worth $37,180,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. QRG Capital Management Inc. increased its holdings in shares of Cinemark by 3.2% during the 4th quarter. QRG Capital Management Inc. now owns 17,730 shares of the company’s stock worth $549,000 after acquiring an additional 557 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Cinemark by 2.9% during the 3rd quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock worth $575,000 after acquiring an additional 583 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $91,000 after acquiring an additional 906 shares during the last quarter. Quarry LP increased its holdings in shares of Cinemark by 714.8% during the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock worth $42,000 after acquiring an additional 1,308 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Cinemark by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 35,628 shares of the company’s stock valued at $1,104,000 after buying an additional 1,501 shares in the last quarter.

Cinemark Price Performance

Shares of CNK stock opened at $24.42 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. Cinemark Holdings, Inc. has a twelve month low of $16.32 and a twelve month high of $36.28. The company has a market cap of $2.99 billion, a P/E ratio of 12.03 and a beta of 2.41. The business has a fifty day simple moving average of $29.07 and a 200 day simple moving average of $29.71.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share 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 the consensus estimate of $797.18 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. Cinemark’s quarterly revenue was up 27.5% compared to the same quarter last year. On average, sell-side analysts forecast that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Cinemark Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on CNK. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. Benchmark decreased their price objective on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Morgan Stanley decreased their price objective on Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Cinemark in a report on Wednesday, February 19th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Cinemark in a report on Thursday, February 20th. One 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Cinemark presently has an average rating of “Moderate Buy” and a consensus price target of $32.70.

Insider Buying and Selling

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

Cinemark 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.