BlackRock Amends Cinemark Holdings Stake, Maintains Passive Position
Ticker: CNK · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Cinemark, showing continued institutional backing.**
AI Summary
BlackRock Inc. has updated its ownership stake in Cinemark Holdings, Inc. through an SC 13G/A filing on January 22, 2024, reflecting its holdings as of December 31, 2023. This amendment (Amendment No. 3) indicates that BlackRock, a major institutional investor, continues to hold a significant passive position in Cinemark's common stock. For investors, this means a large, stable institutional holder maintains its confidence in Cinemark, which can be a positive signal for the stock's long-term stability.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a substantial, albeit passive, stake in Cinemark, signaling ongoing institutional confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in strategy.
Analyst Insight
Investors should note that BlackRock's continued passive stake suggests no immediate change in their long-term view of Cinemark, but this filing alone doesn't provide new catalysts for price movement.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Cinemark Holdings, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 3 (number) — the specific amendment number for this filing
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It signifies that BlackRock Inc. is updating its previously reported passive ownership stake in Cinemark Holdings, Inc. as of December 31, 2023.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional investment manager, as stated in the 'FILED BY' section and on the cover page of the filing.
What is the subject company of this filing?
The subject company is Cinemark Holdings, Inc., identified under 'SUBJECT COMPANY' and 'Name of Issuer' on the Schedule 13G.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated on the cover page of the Schedule 13G.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Cinemark Holdings, Inc. is 17243V102, as listed on the cover page of the Schedule 13G.
From the Filing
EDGAR Filing Documents for 0001086364-24-001123 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001123 Filing Date 2024-01-22 Accepted 2024-01-22 15:52:14 Documents 1 Document Format Files Seq Description Document Type Size 1 us17243v1026_012224.txt SC 13G/A 11680 Complete submission text file 0001086364-24-001123.txt 13466 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 3900 DALLAS PARKWAY PLANO TX 75093 Business Address 3900 DALLAS PARKWAY PLANO TX 75093 (972) 665-1000 Cinemark Holdings, Inc. (Subject) CIK : 0001385280 (see all company filings) EIN. : 205490327 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-83482 | Film No.: 24548764 SIC : 7830 Services-Motion Picture Theaters (CF Office: 07 Trade & Services)