Natixis Advisors LLC Boosts Stock Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Natixis Advisors LLC grew its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 2.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,638 shares of the company’s stock after purchasing an additional 583 shares during the period. Natixis Advisors LLC’s holdings in Cinemark were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CNK. Aigen Investment Management LP lifted its holdings in Cinemark by 198.9% in the third quarter. Aigen Investment Management LP now owns 49,400 shares of the company’s stock valued at $1,375,000 after acquiring an additional 32,870 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Cinemark in the third quarter valued at approximately $572,000. Entropy Technologies LP acquired a new position in Cinemark during the third quarter worth $893,000. State of New Jersey Common Pension Fund D acquired a new position in Cinemark during the third quarter worth $1,960,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Cinemark during the third quarter worth $209,000.

Wall Street Analyst Weigh In

CNK has been the topic of a number of research reports. Wedbush cut Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. B. Riley lowered Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a report on Tuesday, August 27th. Barrington Research raised Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a report on Thursday, October 31st. Morgan Stanley raised their price objective on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company increased their target price on shares of Cinemark from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Cinemark currently has an average rating of “Moderate Buy” and an average target price of $31.10.

Cinemark Price Performance

CNK stock opened at $34.18 on Friday. The firm has a 50 day moving average of $29.77 and a 200-day moving average of $25.08. Cinemark Holdings, Inc. has a 12-month low of $13.19 and a 12-month high of $34.43. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.67 and a beta of 2.35.

Cinemark (NYSE:CNK) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $894.90 million. During the same period last year, the company posted $0.61 EPS. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities analysts expect that Cinemark Holdings, Inc. will post 2 EPS for the current fiscal year.

Insider Transactions 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 shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

About Cinemark

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.