Cinemark Holdings, Inc. (NYSE:CNK) Position Lowered by Inspire Investing LLC

Inspire Investing LLC decreased its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,598 shares of the company’s stock after selling 2,017 shares during the period. Inspire Investing LLC’s holdings in Cinemark were worth $452,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Quarry LP lifted its position in shares of Cinemark by 714.8% during the third quarter. Quarry LP now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 1,308 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Cinemark by 106.1% in the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after acquiring an additional 1,040 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Cinemark by 38.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after acquiring an additional 877 shares during the last quarter. USA Financial Formulas bought a new position in Cinemark in the third quarter worth about $77,000. Finally, CWM LLC lifted its holdings in Cinemark by 134.4% in the third quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after acquiring an additional 1,716 shares during the last quarter.

Cinemark Price Performance

NYSE CNK opened at $29.03 on Friday. Cinemark Holdings, Inc. has a 12 month low of $13.45 and a 12 month high of $36.28. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a market capitalization of $3.55 billion, a PE ratio of 18.73 and a beta of 2.40. The company’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $28.65.

Cinemark (NYSE:CNK) last posted its quarterly earnings data 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 business had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that Cinemark Holdings, Inc. will post 2.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CNK has been the topic of a number of recent research reports. Barrington Research raised shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Macquarie raised their target price on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush cut Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Cinemark in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.80.

Insider Activity at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

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.