Y Intercept Hong Kong Ltd Has $2.55 Million Stock Holdings in Cinemark Holdings Inc $CNK

Y Intercept Hong Kong Ltd raised its position in Cinemark Holdings Inc (NYSE:CNK) by 108.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,886 shares of the company’s stock after acquiring an additional 47,288 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Cinemark were worth $2,547,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Cinemark by 118.5% during the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 507 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Cinemark during the second quarter worth $47,000. Financial Consulate Inc. acquired a new stake in Cinemark during the third quarter worth $50,000. Meeder Asset Management Inc. bought a new stake in Cinemark in the 3rd quarter valued at $63,000. Finally, GAMMA Investing LLC raised its stake in shares of Cinemark by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,474 shares of the company’s stock valued at $105,000 after buying an additional 1,384 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group raised shares of Cinemark to a “buy” rating in a research note on Tuesday, January 20th. Zacks Research lowered Cinemark from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. B. Riley dropped their target price on Cinemark from $35.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Barrington Research decreased their price target on Cinemark from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Benchmark reiterated a “buy” rating on shares of Cinemark in a research note on Thursday, January 15th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given 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 price target of $32.83.

Insiders Place Their Bets

In other Cinemark news, EVP Melissa Thomas sold 22,082 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.81, for a total transaction of $547,854.42. Following the transaction, the executive vice president directly owned 167,360 shares in the company, valued at approximately $4,152,201.60. This represents a 11.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Cinemark Trading Down 2.2%

CNK opened at $23.15 on Wednesday. Cinemark Holdings Inc has a 1-year low of $21.60 and a 1-year high of $34.01. The stock has a market capitalization of $2.72 billion, a PE ratio of 22.26, a PEG ratio of 2.34 and a beta of 1.10. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 5.01. The firm has a 50-day moving average price of $24.32 and a two-hundred day moving average price of $26.30.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Cinemark had a net margin of 4.93% and a return on equity of 34.33%. The company had revenue of $857.50 million during the quarter, compared to analyst estimates of $851.47 million. During the same period in the prior year, the business earned $1.19 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Cinemark Holdings Inc will post 1.93 earnings per share for the current fiscal year.

Cinemark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.09 dividend. The ex-dividend date was Friday, November 28th. This is a positive change from Cinemark’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.6%. Cinemark’s dividend payout ratio is 34.62%.

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.