Northern Trust Corp Has $39.42 Million Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Northern Trust Corp boosted its position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,272,312 shares of the company's stock after acquiring an additional 158,130 shares during the period. Northern Trust Corp owned 1.04% of Cinemark worth $39,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CNK. Franklin Resources Inc. grew its holdings in shares of Cinemark by 6.8% during the third quarter. Franklin Resources Inc. now owns 56,757 shares of the company's stock worth $1,651,000 after buying an additional 3,632 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Cinemark by 18.8% during the 3rd quarter. Principal Financial Group Inc. now owns 629,782 shares of the company's stock valued at $17,533,000 after purchasing an additional 99,843 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Cinemark by 44.9% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock worth $91,000 after purchasing an additional 906 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Cinemark by 104.5% during the 4th quarter. Ritholtz Wealth Management now owns 35,953 shares of the company's stock worth $1,114,000 after acquiring an additional 18,371 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in Cinemark during the fourth quarter worth $4,725,000.

Insiders Place Their Bets

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the firm's 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 owns 147,414 shares of the company's stock, valued at $3,980,178. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.10% of the company's stock.

Cinemark Stock Performance

Shares of NYSE CNK traded up $0.64 during midday trading on Thursday, hitting $31.80. 682,565 shares of the company's stock were exchanged, compared to its average volume of 2,995,406. The firm has a market capitalization of $3.66 billion, a PE ratio of 15.66 and a beta of 1.91. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. The company's 50 day moving average price is $27.23 and its 200 day moving average price is $29.43. 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 (EPS) for the quarter, hitting analysts' consensus estimates of ($0.32). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The business had revenue of $540.70 million during the quarter, compared to the consensus estimate of $604.62 million. During the same period last year, the business posted $0.19 earnings per share. The business's revenue for the quarter was down 6.6% on a year-over-year basis. As a group, analysts predict that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on CNK. Wells Fargo & Company decreased their price objective on Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Barrington Research restated an "outperform" rating and set a $36.00 price objective on shares of Cinemark in a research report on Monday, May 5th. Wedbush reaffirmed a "neutral" rating and set a $32.00 target price on shares of Cinemark in a research report on Monday, April 28th. Morgan Stanley cut their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.80.

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.