Aequim Alternative Investments LP Increases Stock Position in Cinemark Holdings, Inc. (NYSE:CNK)

Aequim Alternative Investments LP increased its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 959,796 shares of the company's stock after buying an additional 151,545 shares during the period. Aequim Alternative Investments LP owned about 0.78% of Cinemark worth $29,734,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in Cinemark by 402.4% during 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 during the last quarter. Aster Capital Management DIFC Ltd raised its holdings in Cinemark by 380.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock worth $59,000 after purchasing an additional 1,501 shares in the last quarter. R Squared Ltd bought a new stake in shares of Cinemark in the 4th quarter worth approximately $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, GAMMA Investing LLC raised its holdings in Cinemark by 44.9% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock worth $91,000 after buying an additional 906 shares during the last quarter.

Cinemark Stock Up 1.3 %

Cinemark stock traded up $0.39 during trading hours on Wednesday, reaching $31.20. The stock had a trading volume of 2,953,043 shares, compared to its average volume of 3,010,409. The business's 50 day moving average price is $26.58 and its 200-day moving average price is $29.35. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. Cinemark Holdings, Inc. has a 52 week low of $16.32 and a 52 week high of $36.28. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 15.37 and a beta of 1.91.

Cinemark (NYSE:CNK - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.32). The company had revenue of $540.70 million during the quarter, compared to the consensus estimate of $604.62 million. Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The firm's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. Sell-side analysts anticipate that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.08 dividend. The ex-dividend date was Wednesday, March 5th. Cinemark's dividend payout ratio is currently 21.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wells Fargo & Company cut their target price on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Macquarie reaffirmed an "outperform" rating and issued a $35.00 target price on shares of Cinemark in a report on Thursday, February 20th. Wedbush reiterated a "neutral" rating and set a $32.00 price objective on shares of Cinemark in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their price target on Cinemark from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Barrington Research restated an "outperform" rating and issued a $36.00 target price on shares of Cinemark in a report on Monday. One investment 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. Based on data from MarketBeat.com, Cinemark has an average rating of "Moderate Buy" and a consensus target price of $32.80.

Insider Buying and Selling

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total transaction of $246,213.00. Following the completion of the transaction, the insider now owns 147,414 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company's stock.

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.