WINTON GROUP Ltd Cuts Stock Holdings in Cinemark Holdings Inc $CNK

WINTON GROUP Ltd lessened its stake in Cinemark Holdings Inc (NYSE:CNK) by 81.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,152 shares of the company’s stock after selling 104,852 shares during the quarter. WINTON GROUP Ltd’s holdings in Cinemark were worth $677,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cinemark by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,699 shares of the company’s stock worth $1,635,000 after buying an additional 2,872 shares during the period. Woodline Partners LP acquired a new position in Cinemark in the first quarter valued at $570,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cinemark by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 345,258 shares of the company’s stock valued at $8,593,000 after acquiring an additional 25,490 shares during the period. Acadian Asset Management LLC acquired a new stake in Cinemark during the first quarter worth about $372,000. Finally, Candriam S.C.A. acquired a new stake in Cinemark during the second quarter worth about $1,238,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNK shares. Moffett Nathanson raised Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, January 20th. B. Riley Financial reissued a “neutral” rating on shares of Cinemark in a research report on Thursday, February 19th. Wall Street Zen raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Wells Fargo & Company decreased their price objective on shares of Cinemark from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $28.00 price objective (down from $35.00) on shares of Cinemark in a research report on Thursday, December 18th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.08.

Insider Activity

In other news, EVP Melissa Thomas sold 7,944 shares of Cinemark stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $26.05, for a total transaction of $206,941.20. Following the sale, the executive vice president owned 159,416 shares in the company, valued at $4,152,786.80. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by corporate insiders.

Cinemark Stock Down 0.1%

Shares of CNK traded down $0.02 during midday trading on Friday, reaching $25.51. 184,240 shares of the company were exchanged, compared to its average volume of 2,725,470. Cinemark Holdings Inc has a 1-year low of $21.60 and a 1-year high of $34.01. The stock has a 50-day moving average price of $25.13 and a 200-day moving average price of $26.02. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 4.74. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 29.36 and a beta of 1.08.

Cinemark (NYSE:CNK) last posted its earnings results on Wednesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $776.30 million during the quarter, compared to analyst estimates of $778.41 million. Cinemark had a net margin of 4.44% and a return on equity of 34.11%. Cinemark’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. Research analysts expect that Cinemark Holdings Inc will post 1.93 earnings per share for the current year.

Cinemark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $0.36 annualized dividend and a yield of 1.4%. Cinemark’s dividend payout ratio (DPR) is 41.38%.

Cinemark Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.