Barrow Hanley Mewhinney & Strauss LLC Has $14.63 Million Stock Position in Cinemark Holdings, Inc. (NYSE:CNK)

Barrow Hanley Mewhinney & Strauss LLC increased its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 676,652 shares of the company’s stock after buying an additional 103,875 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.55% of Cinemark worth $14,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CNK. Park West Asset Management LLC lifted its stake in Cinemark by 34.3% in the fourth quarter. Park West Asset Management LLC now owns 1,175,000 shares of the company’s stock valued at $16,556,000 after acquiring an additional 300,000 shares during the last quarter. Sei Investments Co. lifted its stake in Cinemark by 38.1% in the 1st quarter. Sei Investments Co. now owns 115,124 shares of the company’s stock valued at $2,069,000 after purchasing an additional 31,739 shares during the last quarter. Peconic Partners LLC grew its holdings in Cinemark by 66.7% during the fourth quarter. Peconic Partners LLC now owns 500,000 shares of the company’s stock worth $7,045,000 after purchasing an additional 200,000 shares during the period. Hennessy Advisors Inc. increased its holdings in shares of Cinemark by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 1,295,800 shares of the company’s stock worth $23,286,000 after acquiring an additional 160,200 shares during the last quarter. Finally, Kodai Capital Management LP bought a new position in Cinemark during the fourth quarter worth $3,994,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CNK. StockNews.com lowered shares of Cinemark from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Roth Capital upgraded shares of Cinemark from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 24th. Benchmark restated a “buy” rating and set a $23.00 price objective on shares of Cinemark in a report on Monday, July 1st. Macquarie lifted their price target on Cinemark from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Finally, Barrington Research downgraded Cinemark from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.00.

Cinemark Price Performance

Shares of NYSE CNK opened at $28.32 on Monday. The stock has a market capitalization of $3.46 billion, a PE ratio of 19.53, a P/E/G ratio of 2.12 and a beta of 2.36. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $29.07. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.26. The business has a fifty day moving average price of $25.89 and a two-hundred day moving average price of $21.10.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.25. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. The business had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $691.74 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. Cinemark’s revenue was down 22.1% compared to the same quarter last year. As a group, equities analysts predict that Cinemark Holdings, Inc. will post 1.33 earnings per share for the current fiscal year.

Insider Transactions at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the transaction, the insider now directly owns 204,729 shares of the company’s stock, valued at $5,566,581.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

About Cinemark

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.