Lido Advisors LLC Acquires Shares of 17,520 Cinemark Holdings, Inc. (NYSE:CNK)

Lido Advisors LLC purchased a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,520 shares of the company's stock, valued at approximately $543,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd lifted its holdings in Cinemark by 26.9% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 152,400 shares of the company's stock valued at $4,722,000 after purchasing an additional 32,310 shares during the last quarter. KBC Group NV boosted its position in shares of Cinemark by 470.1% during the 4th quarter. KBC Group NV now owns 16,920 shares of the company's stock worth $524,000 after acquiring an additional 13,952 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Cinemark by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 70,964 shares of the company's stock valued at $2,198,000 after purchasing an additional 14,207 shares during the last quarter. Principal Financial Group Inc. grew its position in 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 acquiring an additional 99,843 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Cinemark by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company's stock worth $387,408,000 after purchasing an additional 109,179 shares in the last quarter.

Cinemark Stock Performance

CNK traded up $0.24 during mid-day trading on Friday, reaching $31.25. 2,176,305 shares of the company traded hands, compared to its average volume of 3,023,516. The stock has a market capitalization of $3.68 billion, a P/E ratio of 15.39 and a beta of 1.91. Cinemark Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $36.28. 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 fifty day moving average price is $26.96 and its 200-day moving average price is $29.40.

Cinemark (NYSE:CNK - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analyst estimates of $604.62 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. Cinemark's revenue for the quarter was down 6.6% on a year-over-year basis. On average, sell-side analysts expect that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Announces Dividend

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 of this dividend was Wednesday, March 5th. Cinemark's payout ratio is 21.05%.

Insider Activity

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the stock in a transaction that occurred 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 $3,980,178. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CNK shares. Benchmark decreased their price objective on Cinemark from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Barrington Research reissued an "outperform" rating and set a $36.00 target price on shares of Cinemark in a research note on Monday, May 5th. Macquarie restated an "outperform" rating and set a $35.00 price objective on shares of Cinemark in a report on Thursday, February 20th. Morgan Stanley lowered their target price on shares of 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 reduced their target price on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.