Inspire Investing LLC Has $407,000 Stake in Cinemark Holdings, Inc. (NYSE:CNK)

Inspire Investing LLC lessened its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 18.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,821 shares of the company’s stock after selling 4,391 shares during the period. Inspire Investing LLC’s holdings in Cinemark were worth $407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 1620 Investment Advisors Inc. acquired a new position in shares of Cinemark during the second quarter valued at about $79,000. Fifth Third Bancorp boosted its holdings in Cinemark by 414.4% in the second quarter. Fifth Third Bancorp now owns 4,480 shares of the company’s stock worth $97,000 after acquiring an additional 3,609 shares in the last quarter. Virtu Financial LLC acquired a new stake in Cinemark in the fourth quarter valued at approximately $192,000. First Dallas Securities Inc. bought a new stake in shares of Cinemark during the second quarter valued at approximately $208,000. Finally, Inspire Advisors LLC acquired a new position in shares of Cinemark during the first quarter worth approximately $240,000.

Insider Transactions at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00. Following the completion of 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 filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

Cinemark Stock Performance

Shares of Cinemark stock opened at $28.31 on Friday. The business’s fifty day simple moving average is $25.89 and its 200 day simple moving average is $21.05. 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. The firm has a market capitalization of $3.46 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 2.12 and a beta of 2.36.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.25. The company 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 quarterly revenue was down 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. As a group, analysts anticipate that Cinemark Holdings, Inc. will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wedbush boosted their price target on shares of Cinemark from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. Roth Mkm raised their price target on shares of Cinemark from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group boosted their price objective on Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a report on Thursday. StockNews.com downgraded Cinemark from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley lifted their target price on Cinemark from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

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.