UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,768 shares of the company's stock after acquiring an additional 61,911 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Cinemark worth $9,906,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CNK. Arrowstreet Capital Limited Partnership increased its stake in Cinemark by 100.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company's stock valued at $127,159,000 after buying an additional 2,054,579 shares during the period. Candlestick Capital Management LP increased its stake in Cinemark by 48.1% in the 4th quarter. Candlestick Capital Management LP now owns 4,931,618 shares of the company's stock valued at $152,782,000 after buying an additional 1,601,537 shares during the period. Simcoe Capital Management LLC acquired a new position in Cinemark in the 4th quarter valued at $37,763,000. Man Group plc acquired a new position in Cinemark in the 4th quarter valued at $28,040,000. Finally, Norges Bank acquired a new position in Cinemark in the 4th quarter valued at $25,623,000.

Analyst Ratings Changes

CNK has been the topic of several recent research reports. JPMorgan Chase & Co. boosted 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. Macquarie reissued an "outperform" rating and issued a $35.00 price objective on shares of Cinemark in a research note on Thursday, February 20th. Barrington Research reaffirmed an "outperform" rating and set a $36.00 price target on shares of Cinemark in a research note on Monday, May 5th. Morgan Stanley lowered their price target 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. Finally, Wedbush reaffirmed a "neutral" rating and set a $32.00 price target on shares of Cinemark in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cinemark has a consensus rating of "Moderate Buy" and an average target price of $33.20.

Cinemark Price Performance

NYSE CNK traded down $0.65 during trading hours on Monday, reaching $33.12. The company's stock had a trading volume of 3,481,422 shares, compared to its average volume of 3,020,279. The stock has a market cap of $3.81 billion, a PE ratio of 16.32 and a beta of 1.91. Cinemark Holdings, Inc. has a fifty-two week low of $16.32 and a fifty-two week high of $36.28. The company's 50-day moving average is $29.17 and its two-hundred day moving average is $29.57. 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 issued its quarterly earnings data on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, meeting analysts' consensus estimates of ($0.32). The firm had revenue of $540.70 million for the quarter, compared to analysts' expectations of $604.62 million. Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The firm's revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. Analysts forecast that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.97%. Cinemark's payout ratio is 21.05%.

Insider Activity at Cinemark

In other Cinemark news, EVP Melissa Thomas sold 7,200 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $31.43, for a total value of $226,296.00. Following the transaction, the executive vice president now directly owns 210,968 shares in the company, valued at approximately $6,630,724.24. This represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $33.01, for a total transaction of $825,250.00. Following the completion of the transaction, the insider now owns 130,612 shares in the company, valued at approximately $4,311,502.12. This trade represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

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.