First Dallas Securities Inc. Buys Shares of 9,600 Cinemark Holdings, Inc. (NYSE:CNK)

First Dallas Securities Inc. purchased a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,600 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds also recently made changes to their positions in the company. 1620 Investment Advisors Inc. acquired a new position in shares of Cinemark in the 2nd quarter worth approximately $79,000. Fifth Third Bancorp grew its position in Cinemark by 414.4% in the second quarter. Fifth Third Bancorp now owns 4,480 shares of the company’s stock worth $97,000 after acquiring an additional 3,609 shares in the last quarter. NBC Securities Inc. raised its holdings in Cinemark by 17.2% during the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock valued at $67,000 after buying an additional 700 shares in the last quarter. Inspire Advisors LLC acquired a new stake in Cinemark in the 1st quarter worth approximately $240,000. Finally, Virtu Financial LLC acquired a new position in Cinemark during the 4th quarter worth $192,000.

Insider Buying and Selling

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction that occurred 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 directly owns 204,729 shares of the company’s stock, valued at $5,566,581.51. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by insiders.

Cinemark Trading Up 2.2 %

Shares of CNK traded up $0.60 during trading hours on Thursday, hitting $28.33. 489,820 shares of the stock were exchanged, compared to its average volume of 2,973,269. The firm has a market capitalization of $3.47 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 2.04 and a beta of 2.36. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.26. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $28.43. The business has a 50-day moving average of $24.09 and a 200-day moving average of $20.04.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.25. The firm had revenue of $734.20 million during the quarter, compared to the consensus estimate of $691.74 million. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The business’s revenue was down 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. On average, research analysts expect that Cinemark Holdings, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNK. Wedbush upped their price objective on shares of Cinemark from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Tuesday. Roth Mkm raised their price objective on shares of Cinemark from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Cinemark from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Roth Capital upgraded shares of Cinemark from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 24th. Finally, B. Riley cut 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cinemark presently has a consensus rating of “Moderate Buy” and an average price target of $25.20.

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.