Graham Capital Management L.P. Purchases New Shares in Cinemark Holdings, Inc. (NYSE:CNK)

Graham Capital Management L.P. purchased a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 63,416 shares of the company’s stock, valued at approximately $1,965,000.

A number of other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG grew its holdings in Cinemark by 52.1% during the 4th quarter. Deutsche Bank AG now owns 98,516 shares of the company’s stock valued at $3,052,000 after purchasing an additional 33,758 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in Cinemark during the 4th quarter valued at $308,000. Bridgefront Capital LLC boosted its stake in Cinemark by 70.2% during the 4th quarter. Bridgefront Capital LLC now owns 20,768 shares of the company’s stock valued at $643,000 after acquiring an additional 8,568 shares during the last quarter. Caxton Associates LP boosted its stake in Cinemark by 485.8% during the 4th quarter. Caxton Associates LP now owns 84,069 shares of the company’s stock valued at $2,604,000 after acquiring an additional 69,717 shares during the last quarter. Finally, Aristeia Capital L.L.C. bought a new position in Cinemark during the 4th quarter valued at $290,000.

Analyst Upgrades and Downgrades

CNK has been the topic of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and set a $36.00 price objective on shares of Cinemark in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price target on shares of Cinemark from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Macquarie restated an “outperform” rating and issued a $35.00 price target on shares of Cinemark in a research report on Thursday, February 20th. Morgan Stanley reduced their price target on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, Wedbush restated a “neutral” rating and issued a $32.00 price target on shares of Cinemark in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued 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 a consensus target price of $32.80.

Cinemark Stock Up 0.8%

CNK stock opened at $31.25 on Monday. The stock has a market cap of $3.59 billion, a PE ratio of 15.39 and a beta of 1.91. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. The firm’s 50-day simple moving average is $26.96 and its 200 day simple moving average is $29.41. 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 released its earnings results on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, meeting the consensus estimate of ($0.32). The firm had revenue of $540.70 million for the quarter, compared to analysts’ expectations of $604.62 million. Cinemark had a net margin of 10.16% and a return on equity of 65.83%. Cinemark’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.19 EPS. As a group, sell-side analysts predict that Cinemark Holdings, Inc. will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The business also recently announced a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark’s payout ratio is 21.05%.

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 value of $246,213.00. Following the transaction, the insider now owns 147,414 shares of the company’s stock, valued at $3,980,178. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

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.