50,000 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Acquired by Orvieto Partners L.P.

Orvieto Partners L.P. purchased a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company's stock, valued at approximately $1,549,000. Cinemark makes up 1.3% of Orvieto Partners L.P.'s portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew 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 acquiring an additional 825 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of Cinemark by 380.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock worth $59,000 after buying an additional 1,501 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Cinemark during the 4th quarter worth approximately $63,000. GAMMA Investing LLC lifted its position in shares of Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock worth $91,000 after buying an additional 906 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Cinemark by 198.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company's stock worth $103,000 after buying an additional 2,207 shares during the last quarter.

Insider Buying and Selling at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Cinemark Stock Performance

Shares of NYSE CNK traded down $0.20 during midday trading on Tuesday, reaching $29.80. 861,013 shares of the company were exchanged, compared to its average volume of 3,599,553. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year high of $36.28. The stock has a fifty day simple moving average of $26.18 and a 200 day simple moving average of $29.30. The stock has a market cap of $3.51 billion, a P/E ratio of 14.68 and a beta of 2.07. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28.

Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The business had revenue of $814.30 million during the quarter, compared to analysts' expectations of $797.18 million. During the same period in the prior year, the firm posted ($0.15) EPS. Cinemark's revenue for the quarter was up 27.5% compared to the same quarter last year. On average, research analysts forecast that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.08 dividend. The ex-dividend date was Wednesday, March 5th. Cinemark's dividend payout ratio is presently 15.76%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Cinemark from $40.00 to $35.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Wedbush restated a "neutral" rating and set a $32.00 price objective on shares of Cinemark in a research report on Monday. Wells Fargo & Company reduced their price objective on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Benchmark lowered their price objective on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised shares of Cinemark from a "neutral" rating to an "overweight" rating and upped their target price for the company from $30.00 to $34.00 in a report on Friday, April 11th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.10.

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.