XTX Topco Ltd Takes $474,000 Position in Cinemark Holdings, Inc. (NYSE:CNK)

XTX Topco Ltd acquired a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK) during the third quarter, HoldingsChannel.com reports. The firm acquired 17,043 shares of the company’s stock, valued at approximately $474,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Maverick Capital Ltd. raised its position in shares of Cinemark by 1,356.4% during the 3rd quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock valued at $42,255,000 after buying an additional 1,413,557 shares during the period. BNP Paribas Financial Markets raised its position in Cinemark by 1,532.5% in the third quarter. BNP Paribas Financial Markets now owns 650,227 shares of the company’s stock valued at $18,102,000 after purchasing an additional 610,398 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Cinemark in the third quarter valued at $12,133,000. Hennessy Advisors Inc. grew its holdings in shares of Cinemark by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,530,200 shares of the company’s stock worth $33,083,000 after purchasing an additional 234,400 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Cinemark by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company’s stock worth $63,012,000 after purchasing an additional 148,076 shares during the last quarter.

Cinemark Stock Down 2.6 %

Shares of NYSE CNK opened at $32.16 on Friday. The business has a 50-day moving average price of $31.27 and a 200 day moving average price of $26.39. The stock has a market cap of $3.94 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.66 and a beta of 2.38. 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 posted its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.61. The business had revenue of $921.80 million during 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 revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. Equities research analysts forecast that Cinemark Holdings, Inc. will post 2 earnings per share for the current year.

Insider Buying and Selling

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the transaction, the insider now directly owns 179,729 shares in the company, valued at approximately $5,873,543.72. The trade was a 12.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CNK has been the subject of several research analyst reports. Wedbush lowered shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley raised their price target on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. boosted their price target on shares of Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently 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.