Cinemark Holdings, Inc. (NYSE:CNK) Shares Acquired by Cwm LLC

Cwm LLC lifted its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 134.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,993 shares of the company’s stock after buying an additional 1,716 shares during the period. Cwm LLC’s holdings in Cinemark were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Cinemark by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 30,636 shares of the company’s stock worth $662,000 after buying an additional 556 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Cinemark by 0.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company’s stock worth $2,209,000 after purchasing an additional 612 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Cinemark by 38.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after purchasing an additional 877 shares during the period. GAMMA Investing LLC boosted its position in shares of Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after purchasing an additional 1,040 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Cinemark by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 20,557 shares of the company’s stock worth $444,000 after purchasing an additional 1,148 shares during the period.

Cinemark Stock Performance

Shares of CNK stock opened at $28.69 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 6.23. Cinemark Holdings, Inc. has a 52 week low of $13.19 and a 52 week high of $29.87. The stock has a market capitalization of $3.51 billion, a PE ratio of 19.79, a P/E/G ratio of 1.94 and a beta of 2.36. The firm has a 50 day moving average of $28.00 and a two-hundred day moving average of $22.78.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.32 earnings per share (EPS) 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 net margin of 5.05% and a return on equity of 41.87%. The company’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. On average, research analysts predict that Cinemark Holdings, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNK. Barrington Research cut shares of Cinemark from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Wedbush increased their price objective on shares of Cinemark from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group increased their price objective on shares of Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a research report on Thursday, September 19th. Finally, Macquarie increased their price objective on shares of Cinemark from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.10.

Insider Transactions at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.19, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.