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Melissa Thomas, the Executive Vice President and Chief Financial Officer of Cinemark Holdings, Inc. (NYSE:CNK), recently executed a sale of company shares. The transaction comes as the theater chain operator, currently valued at $2.95 billion, has seen its stock decline 17.33% year-to-date. According to InvestingPro data, the company trades at a P/E ratio of 9.73 and maintains a GOOD financial health score. According to a filing with the Securities and Exchange Commission, Thomas sold 7,200 shares of Cinemark common stock on February 28, 2025. The shares were sold at a weighted average price of $25.59 each, amounting to a total transaction value of $184,248. Based on InvestingPro’s Fair Value analysis, the stock currently appears fairly valued. Get deeper insights into insider trading patterns and 12+ additional ProTips with an InvestingPro subscription.
This transaction was conducted automatically as part of a pre-established Rule 10b5-1 trading plan, which Thomas adopted on September 6, 2024. Following this sale, Thomas retains direct ownership of 218,168 shares of Cinemark. The stock has shown significant volatility recently, with InvestingPro analysis indicating substantial price movements over the past three months.
In other recent news, Cinemark Holdings reported its fourth-quarter 2024 financial results, revealing a mixed performance. The company achieved robust revenue of $814.3 million, surpassing the forecasted $780.75 million, marking a 28% year-over-year increase. However, earnings per share (EPS) fell short of expectations at $0.33, missing the $0.36 consensus estimate. Despite the earnings miss, Cinemark reinstated its annual dividend at $0.32 per share, indicating management’s confidence in the company’s recovery and future prospects.
Cinemark’s full-year 2024 revenue slightly declined by 0.6% to $3,049.5 million, while net income improved significantly to $309.7 million from $188.2 million in the previous year. Analysts at Benchmark maintained a Buy rating on the stock but lowered the price target to $35 from $40, citing increased expenses and a mixed earnings picture. They noted the company’s strategic initiatives, such as expanding premium-format screens and a promising film lineup for 2025, as positive indicators for future growth.
The company entertained 51 million moviegoers in the fourth quarter, contributing to a record-high quarterly revenue, despite the challenges posed by increased film rental and labor expenses. Cinemark’s management remains optimistic about the future, with plans to enhance operational efficiency and revenue growth. Investors will be keenly observing how Cinemark navigates the competitive entertainment landscape and capitalizes on its strategic initiatives in the coming year.
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