WINTON GROUP Ltd Acquires 153,582 Shares of Cinemark Holdings Inc $CNK

WINTON GROUP Ltd boosted its holdings in Cinemark Holdings Inc (NYSE:CNK) by 635.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 177,734 shares of the company’s stock after purchasing an additional 153,582 shares during the quarter. WINTON GROUP Ltd owned about 0.15% of Cinemark worth $4,131,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Qube Research & Technologies Ltd grew its stake in Cinemark by 2.8% in the third quarter. Qube Research & Technologies Ltd now owns 2,069,188 shares of the company’s stock valued at $57,979,000 after acquiring an additional 56,275 shares during the period. Cartenna Capital LP grew its stake in Cinemark by 29.4% in the third quarter. Cartenna Capital LP now owns 1,650,000 shares of the company’s stock valued at $46,233,000 after acquiring an additional 375,000 shares during the period. Jain Global LLC grew its stake in Cinemark by 37.4% in the third quarter. Jain Global LLC now owns 1,644,623 shares of the company’s stock valued at $46,082,000 after acquiring an additional 447,468 shares during the period. Barclays PLC boosted its position in shares of Cinemark by 126.3% during the third quarter. Barclays PLC now owns 1,255,852 shares of the company’s stock valued at $35,189,000 after buying an additional 700,852 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Cinemark by 6.5% during the second quarter. Invesco Ltd. now owns 1,235,747 shares of the company’s stock valued at $37,295,000 after buying an additional 75,183 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of Cinemark in a research report on Thursday, February 19th. Wells Fargo & Company upped their price objective on Cinemark from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. The Goldman Sachs Group restated a “sell” rating and issued a $22.00 price objective on shares of Cinemark in a research note on Thursday, February 19th. Zacks Research downgraded Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley upped their price objective on Cinemark from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.31.

Cinemark Stock Performance

NYSE:CNK opened at $31.36 on Friday. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.58 and a current ratio of 0.62. Cinemark Holdings Inc has a 52-week low of $21.60 and a 52-week high of $32.95. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 27.75 and a beta of 1.00. The business’s fifty day moving average is $28.52 and its 200 day moving average is $26.41.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The company had revenue of $643.10 million for the quarter, compared to the consensus estimate of $632.74 million. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. Research analysts predict that Cinemark Holdings Inc will post 2.11 EPS for the current year.

Cinemark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, May 28th. Cinemark’s payout ratio is presently 31.86%.

Cinemark Company 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.