Aristeia Capital L.L.C. Acquires Shares of 9,373 Cinemark Holdings, Inc. (NYSE:CNK)

Aristeia Capital L.L.C. bought a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,373 shares of the company's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aequim Alternative Investments LP raised its holdings in Cinemark by 18.7% in the 4th quarter. Aequim Alternative Investments LP now owns 959,796 shares of the company's stock worth $29,734,000 after acquiring an additional 151,545 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Cinemark by 3.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,270 shares of the company's stock valued at $504,000 after purchasing an additional 591 shares during the period. Freestone Grove Partners LP purchased a new stake in shares of Cinemark during the 4th quarter valued at about $425,000. JAT Capital Mgmt LP bought a new position in shares of Cinemark in the 4th quarter worth approximately $9,727,000. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of Cinemark by 112.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 185,570 shares of the company's stock worth $5,749,000 after buying an additional 98,273 shares during the last quarter.

Cinemark Price Performance

Cinemark stock traded up $0.16 during mid-day trading on Friday, reaching $31.17. 740,299 shares of the company's stock traded hands, compared to its average volume of 3,005,628. Cinemark Holdings, Inc. has a 12-month low of $16.32 and a 12-month high of $36.28. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 15.35 and a beta of 1.91. The stock has a 50 day moving average of $26.82 and a two-hundred day moving average of $29.38. 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 (NYSE:CNK - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, hitting the consensus estimate of ($0.32). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The company had revenue of $540.70 million during the quarter, compared to analyst estimates of $604.62 million. During the same quarter last year, the business posted $0.19 earnings per share. The firm's revenue was down 6.6% on a year-over-year basis. Equities analysts forecast that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark's payout ratio is presently 21.05%.

Insiders Place Their Bets

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the company'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 transaction of $246,213.00. Following the transaction, the insider now owns 147,414 shares of the company's stock, valued at approximately $3,980,178. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wedbush reaffirmed a "neutral" rating and set a $32.00 target price on shares of Cinemark in a report on Monday, April 28th. Benchmark lowered their target price on Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Barrington Research restated an "outperform" rating and issued a $36.00 price target on shares of Cinemark in a research report on Monday. Macquarie reaffirmed an "outperform" rating and set a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $32.80.

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.