Centiva Capital LP Makes New Investment in Cinemark Holdings, Inc. (NYSE:CNK)

Centiva Capital LP bought a new position in Cinemark Holdings, Inc. (NYSE:CNK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 43,467 shares of the company’s stock, valued at approximately $1,210,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock valued at $56,000 after buying an additional 1,040 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after buying an additional 877 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Cinemark in the 3rd quarter worth approximately $77,000. 1620 Investment Advisors Inc. bought a new stake in shares of Cinemark in the 2nd quarter worth approximately $79,000. Finally, CWM LLC grew its position in shares of Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after buying an additional 1,716 shares during the last quarter.

Insider Activity

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

Cinemark Stock Performance

Shares of CNK stock opened at $35.34 on Thursday. The stock has a market cap of $4.32 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.81 and a beta of 2.38. The business has a 50-day simple moving average of $30.38 and a 200-day simple moving average of $25.61. 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 $13.19 and a 52-week high of $36.28.

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

Analyst Upgrades and Downgrades

CNK has been the topic of several research reports. Wells Fargo & Company lifted their price target on Cinemark from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. StockNews.com upgraded Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. Benchmark upped their price objective on Cinemark from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wedbush lowered Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Cinemark currently has a consensus rating of “Moderate Buy” and an average target price of $32.80.

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.