1 day Ago By ABMN Staff
Cinemark Holdings, Inc. ( NYSE:CNK – Get Free Report ) was the target of unusually large options trading activity on Monday. Investors bought 6,051 call options on the stock.
This is an increase of approximately 210% compared to the typical daily volume of 1,951 call options. Insiders Place Their Bets In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the business’s stock in a transaction 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 directly owns 147,414 shares in the company, valued at $3,980,178.
The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
Insiders own 2.30% of the company’s stock. Institutional Investors Weigh In On Cinemark Several hedge funds have recently added to or reduced their stakes in the company.
LPL Financial LLC raised its holdings in shares of Cinemark by 6.8% during the 4th quarter. LPL Financial LLC now owns 8,722 shares of the company’s stock valued at $270,000 after buying an additional 556 shares in the last quarter.
QRG Capital Management Inc. raised its stake in shares of Cinemark by 3.2% during the fourth quarter.
QRG Capital Management Inc. now owns 17,730 shares of the company’s stock worth $549,000 after acquiring an additional 557 shares in the last quarter. Mercer Global Advisors Inc.
ADV lifted its holdings in shares of Cinemark by 3.8% in the 4th quarter. Mercer Global Advisors Inc.
ADV now owns 16,270 shares of the company’s stock worth $504,000 after acquiring an additional 591 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Cinemark by 5.
7% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,546 shares of the company’s stock valued at $358,000 after purchasing an additional 618 shares in the last quarter.
Finally, Quarry LP grew its holdings in shares of Cinemark by 41.8% during the 4th quarter. Quarry LP now owns 2,114 shares of the company’s stock valued at $65,000 after purchasing an additional 623 shares during the last quarter.
Analysts Set New Price Targets View Our Latest Analysis on Cinemark Cinemark Price Performance NYSE:CNK opened at $29.79 on Wednesday. Cinemark has a 52-week low of $16.
32 and a 52-week high of $36.28. The stock has a fifty day moving average of $26.
22 and a 200 day moving average of $29.30. 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 firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.67 and a beta of 2.
07. Cinemark ( NYSE:CNK – Get Free Report ) last released its quarterly 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 company had revenue of $814.30 million during 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 quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.
15) EPS. On average, research analysts expect that Cinemark will post 1.93 EPS for the current fiscal year.
Cinemark Announces Dividend The company also recently announced a — dividend, which was paid on Wednesday, March 19th. Investors 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 is presently 15.76%.
Cinemark Company Profile ( Get Free Report ) 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.
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