1 week Ago By ABMN Staff
Victory Capital Management Inc. increased its holdings in shares of Cinemark Holdings, Inc. ( NYSE:CNK – Free Report ) by 1.
4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,550,819 shares of the company’s stock after purchasing an additional 35,993 shares during the period. Victory Capital Management Inc.
owned approximately 2.08% of Cinemark worth $55,149,000 at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in the business.
Park West Asset Management LLC boosted its holdings in shares of Cinemark by 34.3% during the 4th quarter. Park West Asset Management LLC now owns 1,175,000 shares of the company’s stock worth $16,556,000 after buying an additional 300,000 shares in the last quarter.
Sei Investments Co. grew its holdings in Cinemark by 38.1% in the first quarter.
Sei Investments Co. now owns 115,124 shares of the company’s stock worth $2,069,000 after purchasing an additional 31,739 shares during the period. Peconic Partners LLC increased its stake in Cinemark by 66.
7% in the fourth quarter. Peconic Partners LLC now owns 500,000 shares of the company’s stock valued at $7,045,000 after purchasing an additional 200,000 shares in the last quarter. Hennessy Advisors Inc.
raised its holdings in shares of Cinemark by 14.1% during the first quarter. Hennessy Advisors Inc.
now owns 1,295,800 shares of the company’s stock valued at $23,286,000 after purchasing an additional 160,200 shares during the period. Finally, Kodai Capital Management LP bought a new position in shares of Cinemark during the 4th quarter worth about $3,994,000. Analyst Ratings Changes A number of research firms recently weighed in on CNK.
Roth Capital raised Cinemark from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 24th. B. Riley lowered Cinemark from a “buy” rating to a “neutral” rating and set a $31.
00 target price on the stock. in a research report on Tuesday, August 27th. Benchmark reissued a “buy” rating and issued a $23.
00 price target on shares of Cinemark in a research report on Monday, July 1st. Wedbush upped their price objective on shares of Cinemark from $28.00 to $31.
00 and gave the stock an “outperform” rating in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $22.
00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company.
According to data from MarketBeat, Cinemark has a consensus rating of “Moderate Buy” and a consensus target price of $25.20. Insider Activity at Cinemark In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction on Monday, August 19th.
The stock was sold at an average price of $27.19, for a total value of $679,750.00.
Following the transaction, the insider now owns 204,729 shares of the company’s stock, valued at $5,566,581.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website .
2.30% of the stock is currently owned by company insiders. Cinemark Stock Performance Shares of CNK stock opened at $28.
09 on Monday. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.
29 and a quick ratio of 1.26. The firm has a 50-day moving average of $24.
50 and a 200-day moving average of $20.26. Cinemark Holdings, Inc.
has a one year low of $13.19 and a one year high of $28.70.
The company has a market cap of $3.44 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.
04 and a beta of 2.36. Cinemark ( NYSE:CNK – Get Free Report ) last posted its quarterly earnings data on Friday, August 2nd.
The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.07 by $0.
25. Cinemark had a net margin of 5.05% and a return on equity of 41.
87%. The firm had revenue of $734.20 million during the quarter, compared to analyst estimates of $691.
74 million. During the same quarter last year, the business posted $0.80 EPS.
The company’s revenue for the quarter was down 22.1% on a year-over-year basis. Equities research analysts forecast that Cinemark Holdings, Inc.
will post 1.35 EPS for the current fiscal year. 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. Further Reading 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.
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