6,653 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new position in Cinemark Holdings, Inc. (NYSE:CNK) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,653 shares of the company’s stock, valued at approximately $144,000.

Other hedge funds have also modified their holdings of the company. Third Point LLC acquired a new stake in shares of Cinemark in the first quarter worth approximately $89,850,000. Steadfast Capital Management LP acquired a new stake in shares of Cinemark in the first quarter valued at about $29,323,000. Hennessy Advisors Inc. purchased a new position in shares of Cinemark in the fourth quarter worth about $16,001,000. Jericho Capital Asset Management L.P. acquired a new stake in Cinemark in the 1st quarter valued at about $15,975,000. Finally, Nut Tree Capital Management LP purchased a new position in Cinemark in the 1st quarter worth approximately $13,250,000.

Cinemark Price Performance

Cinemark stock opened at $27.46 on Wednesday. The stock has a market cap of $3.36 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.07 and a beta of 2.36. The company has a fifty day simple moving average of $26.74 and a 200-day simple moving average of $21.57. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 6.23. Cinemark Holdings, Inc. has a 12-month low of $13.19 and a 12-month high of $29.07.

Cinemark (NYSE:CNK) last posted its earnings results 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. The firm had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $691.74 million. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The firm’s revenue was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. Equities analysts expect that Cinemark Holdings, Inc. will post 1.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Macquarie increased their price target on Cinemark from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, July 9th. Roth Mkm increased their price target on shares of Cinemark from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Barrington Research cut Cinemark from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 28th. Benchmark reiterated a “buy” rating and issued a $23.00 price objective on shares of Cinemark in a research report on Monday, July 1st. Finally, StockNews.com cut Cinemark from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Cinemark presently has an average rating of “Moderate Buy” and an average price target of $26.00.

Insider Buying and Selling

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s 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 sale, the insider now owns 204,729 shares in the company, valued at $5,566,581.51. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.

Cinemark Profile

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.