GAMMA Investing LLC Grows Stock Position in Cinemark Holdings, Inc. (NYSE:CNK)

GAMMA Investing LLC grew its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 44.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,926 shares of the company’s stock after buying an additional 906 shares during the quarter. GAMMA Investing LLC’s holdings in Cinemark were worth $91,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC lifted its holdings in Cinemark by 10.7% in the second quarter. Natixis Advisors LLC now owns 20,055 shares of the company’s stock valued at $434,000 after acquiring an additional 1,942 shares during the period. Rhumbline Advisers lifted its stake in shares of Cinemark by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 311,297 shares of the company’s stock valued at $6,730,000 after purchasing an additional 5,825 shares during the period. Arizona State Retirement System boosted its holdings in Cinemark by 1.8% during the second quarter. Arizona State Retirement System now owns 30,636 shares of the company’s stock worth $662,000 after buying an additional 556 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Cinemark by 9.5% during the second quarter. Texas Permanent School Fund Corp now owns 101,403 shares of the company’s stock valued at $2,192,000 after buying an additional 8,812 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Cinemark during the second quarter valued at $242,000.

Cinemark Stock Performance

NYSE:CNK opened at $30.21 on Friday. The company has a market cap of $3.70 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.66 and a beta of 2.40. Cinemark Holdings, Inc. has a twelve month low of $13.19 and a twelve month high of $36.28. The company’s 50-day moving average price is $32.12 and its 200-day moving average price is $28.17. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46.

Cinemark (NYSE:CNK) last released its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.61. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The business had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that Cinemark Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CNK has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Barrington Research raised Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a report on Thursday, October 31st. Wedbush cut Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of Cinemark in a research note on Friday. Finally, Roth Mkm boosted their price target on shares of Cinemark from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.80.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total transaction of $817,000.00. Following the completion of the transaction, the insider now owns 179,729 shares in the company, valued at $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 is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Cinemark Company 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.