9,951 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,951 shares of the company's stock, valued at approximately $308,000.

Several other hedge funds have also added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in shares of Cinemark by 402.4% in the fourth quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company's stock valued at $32,000 after purchasing an additional 825 shares during the period. Aster Capital Management DIFC Ltd grew its stake in Cinemark by 380.0% in the 4th 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 last quarter. R Squared Ltd bought a new position in Cinemark in the 4th quarter valued at about $63,000. Quarry LP lifted its position in Cinemark by 41.8% during the fourth quarter. Quarry LP now owns 2,114 shares of the company's stock worth $65,000 after acquiring an additional 623 shares during 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 purchasing an additional 906 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have weighed in on CNK shares. Macquarie reiterated an "outperform" rating and set a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. Wedbush reiterated a "neutral" rating and issued a $32.00 price objective on shares of Cinemark in a research note on Monday, April 28th. Morgan Stanley cut their price objective on shares of Cinemark from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. raised their target price on shares of Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Barrington Research reiterated an "outperform" rating and issued a $36.00 price target on shares of Cinemark in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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 that occurred on Tuesday, February 25th. The shares were 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 represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.

Cinemark Price Performance

NYSE:CNK traded up $0.33 during trading hours on Tuesday, hitting $30.65. The company's stock had a trading volume of 2,178,022 shares, compared to its average volume of 3,017,858. Cinemark Holdings, Inc. has a twelve month low of $16.32 and a twelve month high of $36.28. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The stock has a fifty day simple moving average of $27.09 and a 200-day simple moving average of $29.42. The company has a market capitalization of $3.53 billion, a P/E ratio of 15.10 and a beta of 1.91.

Cinemark (NYSE:CNK - Get Free Report) last announced 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). 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 previous year, the firm posted $0.19 EPS. On average, analysts anticipate that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal 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 issued 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%.

About Cinemark

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.