Cinemark Holdings, Inc. (NYSE:CNK) Shares Purchased by Caxton Associates LP

Caxton Associates LP grew its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 485.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,069 shares of the company's stock after buying 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 SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Aristeia Capital L.L.C. bought a new stake in shares of Cinemark in the 4th quarter worth approximately $290,000. Aequim Alternative Investments LP increased its position in shares of Cinemark by 18.7% during the 4th quarter. Aequim Alternative Investments LP now owns 959,796 shares of the company's stock valued at $29,734,000 after purchasing an additional 151,545 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Cinemark by 3.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,270 shares of the company's stock valued at $504,000 after buying an additional 591 shares during the last quarter. Freestone Grove Partners LP bought a new position in Cinemark in the 4th quarter worth $425,000. Finally, JAT Capital Mgmt LP purchased a new position in shares of Cinemark during the 4th quarter valued at about $9,727,000.

Insider Activity at Cinemark

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction dated 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 directly owns 147,414 shares in the company, 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 hyperlink. 2.10% of the stock is owned by corporate insiders.

Cinemark Stock Up 1.3 %

NYSE CNK traded up $0.39 during trading on Wednesday, reaching $31.20. 2,954,364 shares of the company's stock were exchanged, compared to its average volume of 3,012,860. The company has a 50 day moving average price of $26.69 and a two-hundred day moving average price of $29.36. The stock has a market cap of $3.68 billion, a P/E ratio of 15.37 and a beta of 1.91. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year 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.

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, meeting the consensus estimate of ($0.32). Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The firm had revenue of $540.70 million during the quarter, compared to the consensus estimate of $604.62 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Cinemark's revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Cinemark Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barrington Research reiterated an "outperform" rating and issued a $36.00 price target on shares of Cinemark in a research note on Monday. Benchmark reduced their target price on Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Morgan Stanley lowered their price target on Cinemark from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Wedbush reissued a "neutral" rating and set a $32.00 target price on shares of Cinemark in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their price objective on Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday. One 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 issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.