Quest Partners LLC Invests $115,000 in Cinemark Holdings, Inc. (NYSE:CNK)

Quest Partners LLC bought a new stake in Cinemark Holdings, Inc. (NYSE:CNK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,131 shares of the company’s stock, valued at approximately $115,000.

A number of other large investors have also added to or reduced their stakes in CNK. Natixis Advisors LLC raised its stake in shares of Cinemark by 2.9% during the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock worth $575,000 after acquiring an additional 583 shares in the last quarter. Aigen Investment Management LP raised its position in Cinemark by 198.9% in the 3rd quarter. Aigen Investment Management LP now owns 49,400 shares of the company’s stock worth $1,375,000 after purchasing an additional 32,870 shares during the period. GSA Capital Partners LLP purchased a new position in Cinemark in the 3rd quarter worth $572,000. Entropy Technologies LP bought a new stake in Cinemark in the third quarter worth $893,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Cinemark during the third quarter valued at about $1,960,000.

Cinemark Stock Up 1.1 %

Shares of NYSE:CNK opened at $34.55 on Friday. Cinemark Holdings, Inc. has a 1 year low of $13.19 and a 1 year high of $34.99. The company has a market cap of $4.23 billion, a PE ratio of 22.29, a P/E/G ratio of 1.71 and a beta of 2.35. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The stock’s 50-day moving average is $29.89 and its 200 day moving average is $25.19.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.61. The business had revenue of $921.80 million for the quarter, compared to analysts’ expectations of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. Sell-side analysts anticipate that Cinemark Holdings, Inc. will post 2 EPS for the current year.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the sale, the insider now directly owns 179,729 shares of the company’s stock, valued at approximately $5,873,543.72. The trade was a 12.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNK. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Barrington Research raised Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Wedbush lowered shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company increased their price target on shares of Cinemark from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.10.

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.