Dimensional Fund Advisors LP Has $63.01 Million Position in Cinemark Holdings, Inc. (NYSE:CNK)

Dimensional Fund Advisors LP grew its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 5.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,914,708 shares of the company’s stock after purchasing an additional 148,076 shares during the period. Dimensional Fund Advisors LP owned about 2.38% of Cinemark worth $63,012,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new position in shares of Cinemark in the 2nd quarter valued at $79,000. Fifth Third Bancorp lifted its stake in shares of 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 during the period. Virtu Financial LLC bought a new stake in shares of Cinemark in the 4th quarter valued at $192,000. First Dallas Securities Inc. bought a new stake in Cinemark during the second quarter valued at $208,000. Finally, Inspire Advisors LLC bought a new stake in shares of Cinemark during the 1st quarter valued at about $240,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a report on Thursday, September 19th. Benchmark restated a “buy” rating and issued a $23.00 price objective on shares of Cinemark in a research note on Monday, July 1st. StockNews.com lowered Cinemark from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Morgan Stanley increased their target price on shares of Cinemark from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Roth Capital raised Cinemark from a “hold” rating to a “strong-buy” rating in a report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Cinemark has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Cinemark Price Performance

CNK stock opened at $27.82 on Friday. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.07 and a beta of 2.36. The firm’s 50-day moving average price is $26.39 and its two-hundred day moving average price is $21.33. 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 released its quarterly earnings data 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 business 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 business’s revenue was down 22.1% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. As a group, equities analysts predict that Cinemark Holdings, Inc. will post 1.33 earnings per share for the current year.

Insider Buying and Selling at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were 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 directly owns 204,729 shares of the company’s stock, valued at approximately $5,566,581.51. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

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.