Axa S.A. Decreases Stock Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

AXA S.A. trimmed its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 29.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,898 shares of the company's stock after selling 50,269 shares during the quarter. AXA S.A. owned 0.10% of Cinemark worth $3,683,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew 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 worth $32,000 after acquiring an additional 825 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake 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 worth $59,000 after purchasing an additional 1,501 shares in the last quarter. R Squared Ltd acquired a new position in shares of Cinemark during the fourth quarter worth $63,000. Quarry LP raised its stake in Cinemark by 41.8% in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in 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 buying an additional 906 shares during the last quarter.

Analyst Ratings Changes

CNK has been the topic of a number of recent analyst reports. Morgan Stanley dropped 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. Wedbush reiterated a "neutral" rating and issued a $32.00 price target on shares of Cinemark in a research note on Monday, April 28th. Macquarie restated an "outperform" rating and set a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. 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 report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.80.

Cinemark Stock Performance

Cinemark stock traded up $0.39 during midday trading on Tuesday, hitting $30.71. 434,342 shares of the company's stock were exchanged, compared to its average volume of 3,016,544. The firm's 50 day simple moving average is $27.09 and its 200 day simple moving average is $29.42. Cinemark Holdings, Inc. has a 12-month low of $16.32 and a 12-month 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 has a market cap of $3.53 billion, a price-to-earnings ratio of 15.13 and a beta of 1.91.

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

Cinemark Announces Dividend

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

Insider Buying and Selling

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark 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 approximately $3,980,178. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company's stock.

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.