Cinemark Holdings, Inc. (NYSE:CNK) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its position in Cinemark Holdings, Inc. (NYSE:CNK) by 57.6% during the 3rd quarter, Holdings Channel reports. The firm owned 188,477 shares of the company’s stock after selling 255,625 shares during the quarter. Easterly Investment Partners LLC’s holdings in Cinemark were worth $5,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in shares of Cinemark by 18.8% in the third quarter. Principal Financial Group Inc. now owns 629,782 shares of the company’s stock valued at $17,533,000 after acquiring an additional 99,843 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Cinemark in the third quarter valued at $12,133,000. International Assets Investment Management LLC purchased a new stake in shares of Cinemark in the third quarter valued at $9,530,000. Friedenthal Financial purchased a new stake in shares of Cinemark in the third quarter valued at $777,000. Finally, Creative Planning lifted its position in shares of Cinemark by 74.8% in the third quarter. Creative Planning now owns 20,907 shares of the company’s stock valued at $582,000 after acquiring an additional 8,946 shares in the last quarter.

Cinemark Trading Up 0.3 %

Shares of Cinemark stock traded up $0.11 during trading hours on Friday, reaching $31.68. The stock had a trading volume of 218,661 shares, compared to its average volume of 2,846,953. The firm has a 50 day simple moving average of $28.43 and a two-hundred day simple moving average of $23.50. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.64 and a beta of 2.35. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. Cinemark Holdings, Inc. has a 1 year low of $13.19 and a 1 year high of $31.87.

Cinemark (NYSE:CNK) last released 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 for the quarter, compared to the consensus estimate of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. As a group, equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.8 earnings per share for the current year.

Insider Transactions at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,566,581.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

CNK has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a research report on Thursday, September 19th. Wedbush downgraded Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Wells Fargo & Company increased their target price on Cinemark from $31.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, B. Riley downgraded 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.80.

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.