Cinemark Holdings Inc $CNK Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its position in shares of Cinemark Holdings Inc (NYSE:CNK) by 31.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,595 shares of the company’s stock after purchasing an additional 58,948 shares during the quarter. Hodges Capital Management Inc.’s holdings in Cinemark were worth $6,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lavaca Capital LLC purchased a new stake in shares of Cinemark in the 4th quarter valued at $133,045,000. Orbis Allan Gray Ltd raised its holdings in shares of Cinemark by 31.0% during the fourth quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company’s stock worth $349,946,000 after purchasing an additional 3,563,810 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Cinemark in the fourth quarter valued at $55,296,000. Victory Capital Management Inc. grew its position in Cinemark by 12,759.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,026,245 shares of the company’s stock worth $47,090,000 after purchasing an additional 2,010,488 shares during the period. Finally, Woodline Partners LP acquired a new stake in Cinemark during the 3rd quarter worth about $33,390,000.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Zacks Research lowered Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Morgan Stanley boosted their target price on shares of Cinemark from $30.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Wall Street Zen raised shares of Cinemark from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Benchmark lifted their price objective on Cinemark from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Roth Mkm reiterated a “buy” rating and set a $37.00 price objective on shares of Cinemark in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cinemark presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.64.

Cinemark Price Performance

Shares of NYSE CNK opened at $31.53 on Monday. The firm has a 50-day simple moving average of $29.87 and a 200-day simple moving average of $27.31. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 27.90 and a beta of 0.98. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 5.03. Cinemark Holdings Inc has a 52 week low of $21.60 and a 52 week high of $34.73.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The business had revenue of $643.10 million for the quarter, compared to analyst estimates of $632.74 million. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The business’s revenue was up 18.9% compared to the same quarter last year. On average, equities analysts predict that Cinemark Holdings Inc will post 2.18 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were given a $0.09 dividend. The ex-dividend date was Thursday, May 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. Cinemark’s dividend payout ratio is 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.