Cinemark Holdings Inc (NYSE:CNK – Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 12,446 call options on the company. This represents an increase of 471% compared to the typical daily volume of 2,180 call options.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Maryland State Retirement & Pension System raised its holdings in shares of Cinemark by 3.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 15,157 shares of the company’s stock worth $352,000 after buying an additional 449 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Cinemark by 1.7% in the third quarter. Amalgamated Bank now owns 29,626 shares of the company’s stock worth $830,000 after buying an additional 488 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Cinemark by 0.5% in the first quarter. Gabelli Funds LLC now owns 101,866 shares of the company’s stock worth $2,905,000 after buying an additional 490 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Cinemark by 20.1% in the third quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after buying an additional 506 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Cinemark by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock worth $548,000 after buying an additional 507 shares during the last quarter.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Cinemark from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Cinemark in a research note on Friday, March 27th. Barrington Research restated an “outperform” rating and issued a $36.00 target price on shares of Cinemark in a research note on Monday, May 4th. B. Riley Financial restated a “neutral” rating on shares of Cinemark in a research note on Friday, April 17th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $22.00 target price on shares of Cinemark in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.31.
Cinemark Stock Up 3.3%
CNK traded up $0.86 during trading on Monday, hitting $26.82. The stock had a trading volume of 1,569,414 shares, compared to its average volume of 2,374,924. The company has a market capitalization of $3.13 billion, a PE ratio of 23.73 and a beta of 1.03. Cinemark has a twelve month low of $21.60 and a twelve month high of $34.01. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.58 and a current ratio of 0.62. The stock has a 50 day simple moving average of $28.14 and a two-hundred day simple moving average of $26.42.
Cinemark (NYSE:CNK – Get Free Report) last announced its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $643.10 million during the quarter, compared to analyst estimates of $632.74 million. Cinemark had a net margin of 5.31% and a return on equity of 41.31%. Cinemark’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.32) earnings per share. On average, research analysts predict that Cinemark will post 2.11 earnings per share for the current year.
Cinemark Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.3%. Cinemark’s dividend payout ratio (DPR) is currently 31.86%.
About Cinemark
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.
Featured Stories
- Five stocks we like better than Cinemark
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
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.com's FREE daily email newsletter.
