Cinemark Holdings, Inc. (NYSE:CNK) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 112.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CNK. Vanguard Group Inc. grew its holdings in shares of Cinemark by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company’s stock valued at $387,408,000 after buying an additional 109,179 shares during the last quarter. Candlestick Capital Management LP increased its holdings in shares of Cinemark by 48.1% in the fourth quarter. Candlestick Capital Management LP now owns 4,931,618 shares of the company’s stock valued at $152,782,000 after purchasing an additional 1,601,537 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Cinemark by 100.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company’s stock worth $127,159,000 after purchasing an additional 2,054,579 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Cinemark by 12.8% during the fourth quarter. Renaissance Technologies LLC now owns 3,801,578 shares of the company’s stock worth $117,773,000 after purchasing an additional 430,006 shares during the period. Finally, Marshall Wace LLP increased its holdings in Cinemark by 14.5% in the 4th quarter. Marshall Wace LLP now owns 3,124,834 shares of the company’s stock worth $96,807,000 after buying an additional 396,720 shares during the period.

Insiders Place Their Bets

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 completion of the sale, the insider now owns 147,414 shares of the company’s stock, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

Cinemark Stock Performance

CNK opened at $30.30 on Friday. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 14.93 and a beta of 2.07. The firm’s fifty day simple moving average is $26.40 and its two-hundred day simple moving average is $29.32. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. Cinemark Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $36.28.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, May 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.21). 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 analyst estimates of $604.62 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts anticipate that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The company 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 of this dividend was Wednesday, March 5th. Cinemark’s payout ratio is currently 15.76%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CNK shares. Macquarie reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Cinemark in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Cinemark from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $30.00 to $34.00 in a research note on Friday, April 11th. Wells Fargo & Company lowered their target price on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley reduced their price target on Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Finally, Wedbush restated a “neutral” rating and issued a $32.00 price objective on shares of Cinemark in a research report on Monday, April 28th. One research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.10.

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.