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% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,734 shares of the company’s stock after acquiring an additional 153,582 shares during the quarter. WINTON GROUP Ltd’s holdings in Cinemark were worth $4,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in Cinemark by 20.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after acquiring an additional 506 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Cinemark by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock worth $548,000 after acquiring an additional 507 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Cinemark by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 507 shares during the last quarter. ProShare Advisors LLC increased its stake in Cinemark by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 20,176 shares of the company’s stock worth $469,000 after acquiring an additional 619 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Cinemark by 11.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,680 shares of the company’s stock worth $204,000 after acquiring an additional 859 shares during the last quarter.

Cinemark Trading Up 1.8%

NYSE CNK opened at $31.36 on Friday. Cinemark Holdings Inc has a fifty-two week low of $21.60 and a fifty-two week high of $32.95. 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 $28.52 and a two-hundred day simple moving average of $26.41. The stock has a market cap of $3.66 billion, a P/E ratio of 27.75 and a beta of 1.00.

Cinemark (NYSE:CNK) last released its quarterly earnings data 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). Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The business had revenue of $643.10 million during the quarter, compared to analysts’ expectations of $632.74 million. During the same quarter last year, the business posted ($0.32) EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts forecast that Cinemark Holdings Inc will post 2.11 earnings per share for the current year.

Cinemark Dividend Announcement

The firm also recently disclosed 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 is Thursday, May 28th. This represents a $0.36 annualized dividend and a yield of 1.1%. Cinemark’s dividend payout ratio (DPR) is 31.86%.

Wall Street Analysts Forecast Growth

CNK has been the topic of a number of research analyst reports. Zacks Research lowered Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company increased their price objective on Cinemark from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. B. Riley Financial reiterated a “neutral” rating on shares of Cinemark in a research report on Friday, April 17th. Morgan Stanley increased their price objective on Cinemark from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cinemark in a research report on Friday, March 27th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cinemark presently has an average rating of “Moderate Buy” and an average price target of $33.31.

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.