Cinemark Holdings, Inc. (NYSE:CNK) Stock Holdings Lifted by Caxton Associates LP

Caxton Associates LP lifted its position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 485.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 84,069 shares of the company's stock after acquiring an additional 69,717 shares during the period. Caxton Associates LP owned 0.07% of Cinemark worth $2,604,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CNK. Arrowstreet Capital Limited Partnership grew its position in Cinemark by 100.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company's stock worth $127,159,000 after purchasing an additional 2,054,579 shares during the last quarter. Candlestick Capital Management LP grew its holdings in Cinemark by 48.1% in the 4th quarter. Candlestick Capital Management LP now owns 4,931,618 shares of the company's stock worth $152,782,000 after buying an additional 1,601,537 shares in the last quarter. Norges Bank acquired a new stake in Cinemark in the 4th quarter valued at approximately $25,623,000. Wealthfront Advisers LLC bought a new stake in Cinemark during the 4th quarter valued at $13,704,000. Finally, Renaissance Technologies LLC boosted its position in Cinemark by 12.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,801,578 shares of the company's stock worth $117,773,000 after acquiring an additional 430,006 shares during the period.

Insider Transactions at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the 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 sale, the insider now directly owns 147,414 shares of the company's stock, valued at $3,980,178. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CNK has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Wedbush reaffirmed a "neutral" rating and issued a $32.00 price target on shares of Cinemark in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Benchmark decreased their price target on Cinemark from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Barrington Research reissued an "outperform" rating and issued a $36.00 price objective on shares of Cinemark in a research note on Monday, May 5th. One equities 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.80.

Cinemark Trading Up 0.8 %

CNK traded up $0.24 during trading on Friday, reaching $31.25. The company had a trading volume of 2,176,305 shares, compared to its average volume of 3,023,516. The firm's 50-day simple moving average is $26.96 and its 200 day simple moving average is $29.40. 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 company has a market cap of $3.68 billion, a price-to-earnings ratio of 15.39 and a beta of 1.91. Cinemark Holdings, Inc. has a 12-month low of $16.32 and a 12-month high of $36.28.

Cinemark (NYSE:CNK - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported ($0.32) earnings per share for the quarter, hitting the consensus estimate of ($0.32). The business had revenue of $540.70 million for 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% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Announces Dividend

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

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.