Inspire Advisors LLC Sells 791 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Inspire Advisors LLC decreased its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,743 shares of the company’s stock after selling 791 shares during the quarter. Inspire Advisors LLC’s holdings in Cinemark were worth $240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP lifted its position in Cinemark by 714.8% during the third quarter. Quarry LP now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 1,308 shares during the period. R Squared Ltd bought a new stake in Cinemark during the fourth quarter worth about $63,000. GAMMA Investing LLC lifted its holdings in shares of Cinemark by 44.9% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $91,000 after acquiring an additional 906 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Cinemark by 198.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company’s stock worth $103,000 after acquiring an additional 2,207 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Cinemark in the third quarter worth about $115,000.

Wall Street Analyst Weigh In

CNK has been the subject of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $40.00 target price on shares of Cinemark in a report on Wednesday, February 19th. Benchmark dropped their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Wells Fargo & Company dropped their target price on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cinemark presently has an average rating of “Moderate Buy” and an average target price of $32.70.

Insider Buying and Selling at Cinemark

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

Cinemark Stock Performance

Cinemark stock opened at $23.90 on Thursday. The business has a 50 day moving average of $28.65 and a 200-day moving average of $29.62. Cinemark Holdings, Inc. has a 1 year low of $16.32 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 $2.92 billion, a P/E ratio of 11.77 and a beta of 2.41.

Cinemark (NYSE:CNK) last released its earnings results 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). The firm had revenue of $814.30 million for the quarter, compared to analyst estimates of $797.18 million. Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) EPS. 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 announced a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 5th. Cinemark’s dividend payout ratio is presently 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.