Cinemark Holdings, Inc. (NYSE:CNK) is Hennessy Advisors Inc.’s 9th Largest Position

Hennessy Advisors Inc. raised its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 13.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,989,300 shares of the company’s stock after buying an additional 241,600 shares during the quarter. Cinemark accounts for 1.8% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 9th biggest holding. Hennessy Advisors Inc.’s holdings in Cinemark were worth $61,629,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Cinemark by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company’s stock valued at $63,012,000 after buying an additional 148,076 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Cinemark by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,449,567 shares of the company’s stock worth $68,209,000 after acquiring an additional 25,857 shares in the last quarter. Maverick Capital Ltd. increased its holdings in shares of Cinemark by 1,356.4% during the third quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock valued at $42,255,000 after acquiring an additional 1,413,557 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of Cinemark by 2.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,264,614 shares of the company’s stock valued at $35,207,000 after purchasing an additional 29,275 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Cinemark by 18.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company’s stock valued at $14,629,000 after purchasing an additional 103,875 shares during the last quarter.

Cinemark Stock Performance

Shares of Cinemark stock opened at $28.58 on Friday. The firm has a market cap of $3.50 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.55 and a beta of 2.40. 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 52 week low of $13.27 and a 52 week high of $36.28. The business’s fifty day simple moving average is $32.02 and its 200-day simple moving average is $28.34.

Cinemark (NYSE:CNK) last posted its earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The company had revenue of $921.80 million for the quarter, compared to analysts’ expectations of $894.90 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. Cinemark’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts forecast that Cinemark Holdings, Inc. will post 2.06 earnings per share for the current year.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’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 sale, the insider now directly owns 179,729 shares in the company, valued at $5,873,543.72. This represents a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CNK. Wells Fargo & Company boosted their price objective on shares of Cinemark from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley increased their price objective on shares of Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. The Goldman Sachs Group boosted their target price on shares of Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a research report on Thursday, September 19th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Cinemark in a report on Friday, January 10th. Finally, Macquarie upped their price objective on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.