US Bancorp DE Trims Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

US Bancorp DE reduced its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 83.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,675 shares of the company’s stock after selling 17,977 shares during the quarter. US Bancorp DE’s holdings in Cinemark were worth $114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CNK. Crossmark Global Holdings Inc. purchased a new position in shares of Cinemark during the 3rd quarter valued at approximately $209,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Cinemark during the 3rd quarter valued at approximately $1,960,000. GSA Capital Partners LLP purchased a new position in shares of Cinemark during the 3rd quarter valued at approximately $572,000. Natixis Advisors LLC boosted its stake in shares of Cinemark by 2.9% during the 3rd quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock valued at $575,000 after buying an additional 583 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Cinemark during the 3rd quarter valued at approximately $115,000.

Analyst Upgrades and Downgrades

CNK has been the subject of several research analyst reports. Barrington Research reiterated an “outperform” rating and set a $40.00 target price on shares of Cinemark in a research note on Wednesday, February 19th. Benchmark reduced their price objective on Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Finally, Macquarie restated an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.70.

Cinemark Stock Performance

CNK stock opened at $24.20 on Monday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.92 and a beta of 2.41. Cinemark Holdings, Inc. has a 1 year low of $16.32 and a 1 year high of $36.28. The stock’s fifty day moving average is $28.37 and its two-hundred day moving average is $29.58.

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

Cinemark Announces Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 5th. Cinemark’s dividend payout ratio (DPR) is 15.76%.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total transaction of $246,213.00. Following the transaction, the insider now directly owns 147,414 shares of the company’s stock, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.

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.