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

Fmr LLC lifted its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 148.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,401 shares of the company’s stock after acquiring an additional 18,177 shares during the quarter. Fmr LLC’s holdings in Cinemark were worth $846,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP boosted 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 purchasing an additional 32,870 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Cinemark by 88.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company’s stock worth $1,733,000 after buying an additional 29,295 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Cinemark during the third quarter worth about $1,960,000. Entropy Technologies LP purchased a new position in Cinemark during the third quarter valued at approximately $893,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Cinemark by 18.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company’s stock valued at $14,629,000 after acquiring an additional 103,875 shares during the period.

Insider Buying and Selling

In related news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 179,729 shares in the company, valued at approximately $5,873,543.72. This trade represents a 12.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

Cinemark Stock Performance

NYSE CNK opened at $31.56 on Wednesday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. Cinemark Holdings, Inc. has a 1-year low of $13.19 and a 1-year high of $36.28. The company has a market cap of $3.86 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.66 and a beta of 2.38. The stock’s 50 day simple moving average is $31.38 and its 200-day simple moving average is $26.56.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. The company had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. As a group, equities research analysts anticipate that Cinemark Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CNK shares. Roth Mkm raised their price objective on shares of Cinemark from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on shares of Cinemark from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Barrington Research upgraded shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a research report on Thursday, October 31st. Morgan Stanley lifted their price target on Cinemark from $29.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, B. Riley downgraded Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research report on Tuesday, August 27th. One equities research 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 stock. According to data from MarketBeat, Cinemark has an average rating of “Moderate Buy” and a consensus target price of $32.80.

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.