Dimensional Fund Advisors LP Raises Stake in Cinemark Holdings, Inc. (NYSE:CNK)

Dimensional Fund Advisors LP boosted its position in Cinemark Holdings, Inc. (NYSE:CNK) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,959,183 shares of the company’s stock after buying an additional 34,402 shares during the period. Dimensional Fund Advisors LP owned approximately 2.42% of Cinemark worth $91,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Cinemark by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company’s stock valued at $387,408,000 after buying an additional 109,179 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Cinemark by 100.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company’s stock valued at $127,159,000 after purchasing an additional 2,054,579 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Cinemark by 12.8% in the 4th quarter. Renaissance Technologies LLC now owns 3,801,578 shares of the company’s stock valued at $117,773,000 after purchasing an additional 430,006 shares during the period. Marshall Wace LLP boosted its holdings in Cinemark by 14.5% during the fourth quarter. Marshall Wace LLP now owns 3,124,834 shares of the company’s stock worth $96,807,000 after buying an additional 396,720 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its position in Cinemark by 13.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company’s stock valued at $61,629,000 after buying an additional 241,600 shares during the period.

Insider Activity at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the 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 completion of the sale, the insider now owns 147,414 shares of the company’s stock, valued at $3,980,178. This represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.

Cinemark Stock Up 1.5 %

Shares of NYSE CNK opened at $29.98 on Tuesday. Cinemark Holdings, Inc. has a 12-month low of $16.32 and a 12-month high of $36.28. The stock has a market cap of $3.54 billion, a PE ratio of 14.77 and a beta of 2.07. 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 company has a 50-day moving average of $26.18 and a 200 day moving average of $29.30.

Cinemark (NYSE:CNK) last announced 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 business had revenue of $814.30 million for the quarter, compared to analysts’ expectations of $797.18 million. During the same period in the prior year, the company posted ($0.15) EPS. The firm’s revenue was up 27.5% on a year-over-year basis. As a group, sell-side analysts predict that Cinemark Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Cinemark Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark’s dividend payout ratio is presently 15.76%.

Wall Street Analyst Weigh In

CNK has been the subject of a number of analyst reports. Macquarie reiterated an “outperform” rating and issued a $35.00 price objective on shares of Cinemark in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th. Barrington Research reiterated an “outperform” rating and issued a $40.00 price objective on shares of Cinemark in a research report on Wednesday, February 19th. Benchmark decreased their price objective on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded shares of Cinemark from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $30.00 to $34.00 in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cinemark presently has an average rating of “Moderate Buy” and a consensus price target of $33.10.

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.