Schonfeld Strategic Advisors LLC Buys 98,273 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Schonfeld Strategic Advisors LLC grew its position in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 112.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,570 shares of the company's stock after purchasing an additional 98,273 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.15% of Cinemark worth $5,749,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of Cinemark by 6.8% during the 3rd quarter. Franklin Resources Inc. now owns 56,757 shares of the company's stock valued at $1,651,000 after buying an additional 3,632 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Cinemark by 18.8% in the third 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 during the period. GAMMA Investing LLC grew its holdings in Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $91,000 after purchasing an additional 906 shares in the last quarter. Ritholtz Wealth Management increased its stake in 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 buying an additional 18,371 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new position in Cinemark in the 4th quarter worth $4,725,000.

Insider Activity

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction on Tuesday, February 25th. The shares were 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 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 filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Cinemark Price Performance

Shares of CNK traded up $1.05 during mid-day trading on Tuesday, hitting $30.84. The company's stock had a trading volume of 4,481,328 shares, compared to its average volume of 3,011,126. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. Cinemark Holdings, Inc. has a fifty-two week low of $16.32 and a fifty-two week high of $36.28. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.19 and a beta of 1.91. The firm has a 50-day moving average price of $26.47 and a 200 day moving average price of $29.34.

Cinemark (NYSE:CNK - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, hitting the consensus estimate of ($0.32). The business had revenue of $540.70 million during the quarter, compared to analysts' expectations of $604.62 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. Cinemark's revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. On average, research analysts predict 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. Investors 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 is currently 21.05%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CNK shares. Wedbush reaffirmed a "neutral" rating and set a $32.00 target price on shares of Cinemark in a research report on Monday, April 28th. Macquarie reaffirmed an "outperform" rating and set a $35.00 price target on shares of Cinemark in a research report on Thursday, February 20th. JPMorgan Chase & Co. boosted their price objective on Cinemark from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday. Morgan Stanley reduced their target price on Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price target on Cinemark from $38.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.