Cinemark Holdings, Inc. (NYSE:CNK) Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,988 shares of the company’s stock after acquiring an additional 5,199 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.09% of Cinemark worth $2,356,000 at the end of the most recent quarter.

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

Insider Activity at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.19, for a total value of $679,750.00. Following the completion of the transaction, the insider now owns 204,729 shares in the company, valued at approximately $5,566,581.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNK shares. Macquarie boosted their target price on Cinemark from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Wedbush boosted their price objective on shares of Cinemark from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. StockNews.com downgraded shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. upped their price target on shares of Cinemark from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Benchmark reissued a “buy” rating and issued a $23.00 price objective on shares of Cinemark in a research report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.00.

Cinemark Stock Performance

Shares of CNK opened at $27.84 on Tuesday. Cinemark Holdings, Inc. has a 52-week low of $13.19 and a 52-week high of $29.07. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 6.23. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.07 and a beta of 2.36. The business’s 50 day moving average is $26.52 and its two-hundred day moving average is $21.44.

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

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.