Atom Investors LP Purchases New Shares in Cinemark Holdings, Inc. (NYSE:CNK)

Atom Investors LP acquired a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 97,207 shares of the company’s stock, valued at approximately $2,706,000. Atom Investors LP owned 0.08% of Cinemark at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CNK. Maverick Capital Ltd. increased its position in shares of Cinemark by 1,356.4% in the third quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock worth $42,255,000 after acquiring an additional 1,413,557 shares in the last quarter. Blueshift Asset Management LLC boosted its stake in Cinemark by 180.2% in the 3rd quarter. Blueshift Asset Management LLC now owns 114,674 shares of the company’s stock worth $3,193,000 after purchasing an additional 73,747 shares during the period. BNP Paribas Financial Markets boosted its stake in Cinemark by 1,532.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 650,227 shares of the company’s stock worth $18,102,000 after purchasing an additional 610,398 shares during the period. FMR LLC grew its position in Cinemark by 148.7% during the 3rd quarter. FMR LLC now owns 30,401 shares of the company’s stock worth $846,000 after purchasing an additional 18,177 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Cinemark during the 3rd quarter valued at $687,000.

Cinemark Stock Performance

Shares of CNK opened at $36.01 on Tuesday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.73 and a beta of 2.35. The company’s fifty day moving average is $30.06 and its 200-day moving average is $25.41. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. Cinemark Holdings, Inc. has a 12 month low of $13.19 and a 12 month high of $36.28.

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

Insider Activity at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,873,543.72. This represents a 12.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CNK has been the subject of several recent analyst reports. B. Riley cut Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 target price for the company. in a research report on Tuesday, August 27th. Roth Mkm raised their price objective on Cinemark from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Macquarie lifted their target price on Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barrington Research upgraded shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a report on Thursday, October 31st. Finally, Morgan Stanley boosted their price objective on shares of Cinemark from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.10.

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.