denkapparat Operations GmbH Invests $291,000 in Cinemark Holdings, Inc. (NYSE:CNK)

denkapparat Operations GmbH acquired a new stake in Cinemark Holdings, Inc. (NYSE:CNK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,380 shares of the company’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its position in Cinemark by 2.9% during the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock worth $575,000 after purchasing an additional 583 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Cinemark in the third quarter valued at approximately $115,000. Quantbot Technologies LP purchased a new position in shares of Cinemark in the 3rd quarter valued at about $687,000. FMR LLC boosted its position in shares of Cinemark by 148.7% during the 3rd quarter. FMR LLC now owns 30,401 shares of the company’s stock worth $846,000 after acquiring an additional 18,177 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Cinemark by 1,532.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 650,227 shares of the company’s stock worth $18,102,000 after acquiring an additional 610,398 shares in the last quarter.

Insider Buying and Selling at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the company’s 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 sale, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. This represents a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CNK. Morgan Stanley decreased their price target on Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of Cinemark in a research note on Wednesday, February 19th. Wells Fargo & Company reduced their target price on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. Benchmark dropped their price target on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Macquarie reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.70.

Cinemark Price Performance

Shares of Cinemark stock opened at $25.71 on Friday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The company has a market cap of $3.14 billion, a PE ratio of 12.67 and a beta of 2.41. The firm has a fifty day moving average price of $27.62 and a two-hundred day moving average price of $29.42. Cinemark Holdings, Inc. has a fifty-two week low of $16.32 and a fifty-two week high of $36.28.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The firm had revenue of $814.30 million for the quarter, compared to the consensus estimate of $797.18 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. The company’s revenue was up 27.5% on a year-over-year basis. Analysts expect that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Announces Dividend

The company also recently announced a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is currently 15.76%.

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.