31,500 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new position in Cinemark Holdings, Inc. (NYSE:CNK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 31,500 shares of the company’s stock, valued at approximately $976,000.

A number of other large investors also recently added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of Cinemark by 714.8% during the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock worth $42,000 after acquiring an additional 1,308 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Cinemark during the 4th quarter worth approximately $63,000. CWM LLC raised its holdings in shares of Cinemark by 134.4% during the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after acquiring an additional 1,716 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $91,000 after acquiring an additional 906 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Cinemark during the 3rd quarter worth approximately $115,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Macquarie reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a report on Thursday. Wells Fargo & Company decreased their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. Morgan Stanley cut their target price on Cinemark from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Cinemark in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.70.

Cinemark Stock Performance

Shares of Cinemark stock opened at $27.72 on Friday. The stock’s fifty day moving average is $30.33 and its two-hundred day moving average is $29.75. The company has a market capitalization of $3.39 billion, a PE ratio of 17.88 and a beta of 2.38. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. Cinemark Holdings, Inc. has a 52 week low of $15.74 and a 52 week high of $36.28.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The business had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The business’s revenue was up 27.5% compared to the same quarter last year. During the same period last year, the company earned ($0.15) EPS. As a group, analysts expect that Cinemark Holdings, Inc. will post 2.08 earnings per share for the current year.

Cinemark Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.08 dividend. The ex-dividend date is Wednesday, March 5th.

Cinemark Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.