2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. raised its holdings in Cinemark Holdings, Inc. ( NYSE:CNK – Free Report ) by 5.
7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,546 shares of the company’s stock after acquiring an additional 618 shares during the quarter.
Summit Investment Advisors Inc.’s holdings in Cinemark were worth $358,000 at the end of the most recent reporting period. Other large investors have also recently modified their holdings of the company.
Dynamic Technology Lab Private Ltd raised its stake in Cinemark by 26.9% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 152,400 shares of the company’s stock valued at $4,722,000 after purchasing an additional 32,310 shares in the last quarter.
KBC Group NV raised its position in shares of Cinemark by 470.1% during the 4th quarter. KBC Group NV now owns 16,920 shares of the company’s stock valued at $524,000 after buying an additional 13,952 shares in the last quarter.
Principal Financial Group Inc. lifted its holdings in shares of Cinemark by 18.8% during the 3rd quarter.
Principal Financial Group Inc. now owns 629,782 shares of the company’s stock worth $17,533,000 after acquiring an additional 99,843 shares during the last quarter. Vanguard Group Inc.
grew 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 worth $387,408,000 after acquiring an additional 109,179 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Cinemark by 25.
0% in the fourth quarter. Franklin Resources Inc. now owns 70,964 shares of the company’s stock valued at $2,198,000 after acquiring an additional 14,207 shares during the last quarter.
Cinemark Stock Performance Shares of NYSE:CNK opened at $28.47 on Monday. 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 market cap of $3.36 billion, a price-to-earnings ratio of 14.02 and a beta of 2.
07. Cinemark Holdings, Inc. has a 12 month low of $16.
32 and a 12 month high of $36.28. The company has a 50-day moving average price of $26.
49 and a 200-day moving average price of $29.23. Cinemark Dividend Announcement The business also recently announced 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 15.76%. Analysts Set New Price Targets Several equities research analysts have issued reports on CNK shares.
Morgan Stanley dropped their price target on Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th.
Macquarie reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Cinemark in a research note on Thursday, February 20th. Benchmark reduced their price target on shares of Cinemark from $40.
00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wedbush restated a “neutral” rating and issued a $32.
00 price objective on shares of Cinemark in a report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their target price on shares of Cinemark from $38.00 to $36.
00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.
10. Check Out Our Latest Research Report on CNK Insider Activity In other news, insider Wanda Marie Gierhart sold 9,119 shares of the firm’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 completion of the transaction, the insider now owns 147,414 shares in the company, valued at $3,980,178.
This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
Insiders own 2.30% of the company’s stock. Cinemark Profile ( 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. Recommended Stories Want to see what other hedge funds are holding CNK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Cinemark Holdings, Inc. ( NYSE:CNK – Free Report ). Receive News & Ratings for Cinemark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark and related companies with MarketBeat.
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