Cinemark Holdings, Inc. (NYSE:CNK) Insider Wanda Marie Gierhart Sells 9,119 Shares

Cinemark Holdings, Inc. (NYSE:CNK) insider Wanda Marie Gierhart sold 9,119 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the transaction, the insider now directly owns 147,414 shares of the company’s stock, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cinemark Stock Performance

Cinemark stock opened at $26.72 on Wednesday. The business has a 50 day moving average of $30.13 and a 200-day moving average of $29.82. Cinemark Holdings, Inc. has a 1 year low of $16.04 and a 1 year high of $36.28. 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 capitalization of $3.27 billion, a P/E ratio of 13.16 and a beta of 2.38.

Cinemark (NYSE:CNK) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $797.18 million. During the same period in the prior year, the company earned ($0.15) EPS. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. On average, equities research analysts predict that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.

Cinemark Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, March 5th. Cinemark’s dividend payout ratio is currently 15.76%.

Institutional Trading of Cinemark

Several institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp bought a new stake in Cinemark in the fourth quarter valued at approximately $221,000. Elequin Capital LP boosted its holdings in Cinemark by 211.6% in the fourth quarter. Elequin Capital LP now owns 997 shares of the company’s stock valued at $31,000 after acquiring an additional 677 shares during the last quarter. PharVision Advisers LLC bought a new stake in Cinemark in the fourth quarter valued at approximately $277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cinemark by 24.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 319,768 shares of the company’s stock valued at $9,906,000 after acquiring an additional 61,911 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Cinemark in the fourth quarter valued at approximately $8,317,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company dropped their price target on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. lowered their target price on Cinemark from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Wedbush reissued a “neutral” rating and set a $32.00 target price on shares of Cinemark in a research note on Tuesday, February 18th. Finally, Benchmark lowered their target price on Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.70.

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.