Cinemark Holdings, Inc. (NYSE:CNK) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 111.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 438,454 shares of the company's stock after purchasing an additional 231,520 shares during the period. AQR Capital Management LLC owned approximately 0.36% of Cinemark worth $13,583,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in shares of Cinemark by 402.4% during the fourth 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 period. Aster Capital Management DIFC Ltd increased its position in shares of Cinemark by 380.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock valued at $59,000 after buying an additional 1,501 shares during the period. R Squared Ltd purchased a new position in shares of Cinemark during the fourth quarter valued at about $63,000. Quarry LP increased its position 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 buying an additional 623 shares during the period. Finally, GAMMA Investing LLC increased its position 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 buying an additional 906 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CNK shares. Wells Fargo & Company cut their price objective on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Benchmark dropped their target price on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Macquarie reiterated an "outperform" rating and issued a $35.00 target price on shares of Cinemark in a research note on Thursday, February 20th. Finally, Wedbush reiterated a "neutral" rating and issued a $32.00 target price on shares of Cinemark in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Cinemark currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.80.

Insider Activity at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total value of $246,213.00. Following the transaction, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

Cinemark Stock Up 0.8%

Shares of CNK traded up $0.24 during mid-day trading on Friday, hitting $31.25. 2,176,305 shares of the company's stock were exchanged, compared to its average volume of 3,023,516. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 15.39 and a beta of 1.91. Cinemark Holdings, Inc. has a fifty-two week low of $16.32 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. The stock's 50-day moving average is $26.96 and its 200-day moving average is $29.41.

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

Cinemark Announces Dividend

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

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.