Cinemark Holdings, Inc. (NYSE:CNK) Shares Sold by Versor Investments LP

Versor Investments LP lowered its position in Cinemark Holdings, Inc. (NYSE:CNK) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,600 shares of the company’s stock after selling 1,000 shares during the quarter. Versor Investments LP’s holdings in Cinemark were worth $629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in Cinemark by 38.1% in the first quarter. Sei Investments Co. now owns 115,124 shares of the company’s stock valued at $2,069,000 after buying an additional 31,739 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in Cinemark during the first quarter worth approximately $2,274,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Cinemark by 18.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company’s stock worth $14,629,000 after purchasing an additional 103,875 shares during the last quarter. US Bancorp DE boosted its holdings in Cinemark by 68.8% in the first quarter. US Bancorp DE now owns 34,846 shares of the company’s stock valued at $626,000 after purchasing an additional 14,200 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in Cinemark in the second quarter valued at approximately $2,253,000.

Insider Activity at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the transaction, the insider now owns 179,729 shares in the company, valued at approximately $5,873,543.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CNK has been the subject of several recent analyst reports. The Goldman Sachs Group boosted 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. B. Riley downgraded shares of Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Tuesday, August 27th. Barrington Research upgraded Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a research report on Thursday, October 31st. Macquarie upped their target price on Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley lifted their price target on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.80.

Cinemark Price Performance

Cinemark stock opened at $31.79 on Thursday. The business has a 50 day simple moving average of $28.72 and a 200-day simple moving average of $23.89. Cinemark Holdings, Inc. has a 12 month low of $13.19 and a 12 month high of $33.11. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The stock has a market capitalization of $3.89 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.64 and a beta of 2.35.

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

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.