Dimensional Fund Advisors LP Has $91.68 Million Stock Position in Cinemark Holdings, Inc. (NYSE:CNK)

Dimensional Fund Advisors LP raised its holdings in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,959,183 shares of the company's stock after purchasing an additional 34,402 shares during the period. Dimensional Fund Advisors LP owned about 2.42% of Cinemark worth $91,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in Cinemark by 402.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company's stock worth $32,000 after buying an additional 825 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in Cinemark by 380.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock worth $59,000 after purchasing an additional 1,501 shares during the last quarter. R Squared Ltd acquired a new position in Cinemark in the fourth quarter worth $63,000. GAMMA Investing LLC increased its stake in Cinemark by 44.9% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $91,000 after purchasing an additional 906 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Cinemark by 198.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company's stock worth $103,000 after purchasing an additional 2,207 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CNK. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Cinemark in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upgraded Cinemark from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $30.00 to $34.00 in a research report on Friday, April 11th. Wedbush restated a "neutral" rating and set a $32.00 price objective on shares of Cinemark in a research report on Monday, April 28th. Benchmark dropped their target price on Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, Macquarie reissued an "outperform" rating and set a $35.00 price target on shares of Cinemark in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.10.

Cinemark Price Performance

Shares of NYSE:CNK traded up $0.41 during trading on Friday, reaching $30.30. The company had a trading volume of 4,264,077 shares, compared to its average volume of 2,993,690. The firm's fifty day moving average is $26.40 and its 200 day moving average is $29.32. 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 firm has a market capitalization of $3.57 billion, a PE ratio of 14.93 and a beta of 2.07. Cinemark Holdings, Inc. has a twelve month low of $16.32 and a twelve 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 analysts' consensus estimates of ($0.32). Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The firm had revenue of $540.70 million during the quarter, compared to the consensus estimate of $604.62 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The firm's revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities analysts forecast that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The company also recently announced 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 was Wednesday, March 5th. Cinemark's payout ratio is currently 15.76%.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total value of $246,213.00. Following the transaction, the insider now owns 147,414 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

Cinemark Company 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.