Massar Capital Management LP Purchases Shares of 36,056 Cinemark Holdings, Inc. (NYSE:CNK)

Massar Capital Management LP acquired a new position in Cinemark Holdings, Inc. (NYSE:CNK) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 36,056 shares of the company’s stock, valued at approximately $1,117,000. Cinemark makes up 1.3% of Massar Capital Management LP’s holdings, making the stock its 27th largest holding.

Several other institutional investors have also modified their holdings of CNK. Russell Investments Group Ltd. raised its position in Cinemark by 402.4% in the fourth quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock worth $32,000 after acquiring an additional 825 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in shares of Cinemark by 380.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock worth $59,000 after purchasing an additional 1,501 shares in the last quarter. R Squared Ltd acquired a new stake in Cinemark during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC boosted its holdings in 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in 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 buying an additional 2,207 shares during the last quarter.

Insiders Place Their Bets

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was 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 in the company, valued at approximately $3,980,178. This represents a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Cinemark Trading Up 0.0 %

Shares of NYSE:CNK opened at $28.55 on Tuesday. The firm has a fifty day moving average of $26.43 and a two-hundred day moving average of $29.25. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. Cinemark Holdings, Inc. has a 12-month low of $16.32 and a 12-month high of $36.28. The firm has a market capitalization of $3.37 billion, a P/E ratio of 14.06 and a beta of 2.07.

Cinemark (NYSE:CNK) last issued its earnings results on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $814.30 million during the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned ($0.15) EPS. On average, equities analysts expect that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Cinemark Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CNK shares. Macquarie restated an “outperform” rating and issued a $35.00 target price on shares of Cinemark in a report on Thursday, February 20th. Benchmark cut their price objective on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Wedbush reiterated a “neutral” rating and issued a $32.00 target price on shares of Cinemark in a report on Tuesday, February 18th. Barrington Research restated an “outperform” rating and set a $40.00 price target on shares of Cinemark in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised shares of Cinemark from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $30.00 to $34.00 in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cinemark currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.10.

Cinemark Company 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.