Cinemark Holdings, Inc. (NYSE:CNK) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Cinemark Holdings, Inc. (NYSE:CNK) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,483 shares of the company’s stock after buying an additional 1,786 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Cinemark were worth $697,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CNK. First Dallas Securities Inc. boosted its holdings in Cinemark by 2,363.4% in the 3rd quarter. First Dallas Securities Inc. now owns 511,152 shares of the company’s stock worth $9,380,000 after buying an additional 490,402 shares during the last quarter. Jump Financial LLC boosted its holdings in Cinemark by 2,874.3% in the 3rd quarter. Jump Financial LLC now owns 313,642 shares of the company’s stock worth $5,755,000 after buying an additional 303,097 shares during the last quarter. Peconic Partners LLC acquired a new stake in Cinemark in the 3rd quarter worth about $5,505,000. Wellington Management Group LLP boosted its holdings in Cinemark by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,550,176 shares of the company’s stock worth $248,646,000 after buying an additional 232,619 shares during the last quarter. Finally, Point Break Capital Management LLC acquired a new stake in Cinemark in the 3rd quarter worth about $4,042,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CNK. Roth Mkm lifted their price objective on Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Barrington Research restated an “outperform” rating and set a $24.00 target price on shares of Cinemark in a report on Monday. The Goldman Sachs Group lowered their target price on Cinemark from $16.00 to $12.00 and set a “sell” rating on the stock in a report on Thursday, January 11th. Wells Fargo & Company upgraded Cinemark from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $13.00 to $23.00 in a report on Friday, April 5th. Finally, B. Riley cut Cinemark from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $15.00 in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cinemark has an average rating of “Hold” and an average price target of $20.11.

Cinemark Trading Down 0.6 %

CNK opened at $17.72 on Thursday. Cinemark Holdings, Inc. has a one year low of $13.19 and a one year high of $20.40. The stock has a market capitalization of $2.15 billion, a PE ratio of 14.41, a P/E/G ratio of 2.11 and a beta of 2.27. The business’s 50 day moving average price is $17.75 and its 200 day moving average price is $15.86. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.42 and a current ratio of 1.45.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, February 16th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Cinemark had a net margin of 6.14% and a return on equity of 72.91%. The business had revenue of $638.90 million during the quarter, compared to analyst estimates of $619.67 million. During the same quarter in the prior year, the company posted ($0.82) earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Cinemark Holdings, Inc. will post 0.85 EPS for the current year.

Insider Activity at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total value of $328,182.75. Following the sale, the insider now owns 179,591 shares of the company’s stock, valued at $3,008,149.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.

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.