Cinemark Holdings, Inc. (NYSE:CNK) Shares Bought by First National Bank of Hutchinson

First National Bank of Hutchinson grew its position in Cinemark Holdings, Inc. (NYSE:CNK) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,425 shares of the company’s stock after acquiring an additional 945 shares during the quarter. First National Bank of Hutchinson’s holdings in Cinemark were worth $788,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quarry LP raised its position in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after purchasing an additional 1,308 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Cinemark in the fourth quarter valued at about $63,000. GAMMA Investing LLC boosted its stake in shares of Cinemark by 44.9% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $91,000 after buying an additional 906 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Cinemark by 198.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,320 shares of the company’s stock worth $103,000 after buying an additional 2,207 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Cinemark in the 3rd quarter valued at about $115,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CNK shares. Macquarie reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Barrington Research restated an “outperform” rating and set a $40.00 price objective on shares of Cinemark in a research report 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 for the company in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.70.

Insider Transactions at Cinemark

In related 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 owns 147,414 shares of the company’s stock, valued at approximately $3,980,178. This represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Cinemark Trading Up 4.3 %

Shares of CNK opened at $26.07 on Thursday. Cinemark Holdings, Inc. has a twelve month low of $16.32 and a twelve month high of $36.28. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. The firm has a market capitalization of $3.19 billion, a P/E ratio of 12.84 and a beta of 2.41. The firm’s 50-day moving average is $28.06 and its two-hundred day moving average is $29.52.

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

Cinemark Dividend Announcement

The company also recently declared a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.08 dividend. The ex-dividend date was Wednesday, March 5th. Cinemark’s dividend payout ratio 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.