3 days Ago By ABMN Staff
Federated Hermes Inc. reduced its holdings in shares of Cinemark Holdings, Inc. ( NYSE:CNK – Free Report ) by 6.
6% in the second quarter, HoldingsChannel reports. The fund owned 798,738 shares of the company’s stock after selling 56,033 shares during the period. Federated Hermes Inc.
’s holdings in Cinemark were worth $17,269,000 as of its most recent SEC filing. Several other hedge funds have also bought and sold shares of CNK. Headlands Technologies LLC bought a new position in shares of Cinemark during the second quarter valued at approximately $242,000.
Texas Permanent School Fund Corp increased its position in Cinemark by 9.5% during the 2nd quarter. Texas Permanent School Fund Corp now owns 101,403 shares of the company’s stock valued at $2,192,000 after buying an additional 8,812 shares in the last quarter.
Wakefield Asset Management LLLP purchased a new position in Cinemark during the second quarter valued at $1,080,000. Arizona State Retirement System boosted its holdings in Cinemark by 1.8% in the second quarter.
Arizona State Retirement System now owns 30,636 shares of the company’s stock worth $662,000 after acquiring an additional 556 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Cinemark by 1.
4% in the second quarter. Victory Capital Management Inc. now owns 2,550,819 shares of the company’s stock worth $55,149,000 after acquiring an additional 35,993 shares during the last quarter.
Wall Street Analyst Weigh In Several equities analysts have recently issued reports on CNK shares. StockNews.com lowered Cinemark from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th.
Roth Capital upgraded shares of Cinemark from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 24th. 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. Benchmark reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Cinemark in a research report on Monday, July 1st.
Finally, JPMorgan Chase & Co. increased their target price on Cinemark from $22.00 to $25.
00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.20. Cinemark Price Performance Shares of CNK opened at $28.
75 on Monday. The firm has a market cap of $3.52 billion, a PE ratio of 19.
83, a P/E/G ratio of 2.12 and a beta of 2.36.
Cinemark Holdings, Inc. has a 1-year low of $13.19 and a 1-year high of $29.
07. The company has a current ratio of 1.29, a quick ratio of 1.
26 and a debt-to-equity ratio of 6.23. The firm has a fifty day simple moving average of $25.
21 and a two-hundred day simple moving average of $20.71. Cinemark ( NYSE:CNK – Get Free Report ) last issued 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 firm had revenue of $734.20 million for 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 business’s quarterly revenue was down 22.1% on a year-over-year basis.
During the same quarter in the prior year, the business earned $0.80 EPS. On average, equities analysts anticipate that Cinemark Holdings, Inc.
will post 1.33 EPS for the current year. Insiders Place Their Bets In other news, insider Valmir Fernandes sold 25,000 shares of the business’s 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 owns 204,729 shares of the company’s stock, valued at approximately $5,566,581.51. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
Insiders own 2.30% of the company’s stock. About Cinemark ( Free Report ) 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. See Also Want to see what other hedge funds are holding CNK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Cinemark Holdings, Inc. ( NYSE:CNK – Free Report ). Receive News & Ratings for Cinemark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark and related companies with MarketBeat.
com's FREE daily email newsletter ..
