Capricorn Fund Managers Ltd Makes New Investment in Cinemark Holdings, Inc. (NYSE:CNK)

Capricorn Fund Managers Ltd purchased a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 34,000 shares of the company’s stock, valued at approximately $1,053,000.

Other institutional investors have also modified their holdings of the company. Hennessy Advisors Inc. raised its holdings in Cinemark by 13.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company’s stock worth $61,629,000 after purchasing an additional 241,600 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Cinemark during the 4th quarter worth $4,725,000. Ritholtz Wealth Management boosted its position in shares of Cinemark by 104.5% in the 4th quarter. Ritholtz Wealth Management now owns 35,953 shares of the company’s stock worth $1,114,000 after buying an additional 18,371 shares in the last quarter. GAMMA Investing LLC increased its holdings in Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $91,000 after acquiring an additional 906 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings 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 purchasing an additional 99,843 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CNK shares. Morgan Stanley raised their price objective on shares of Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Barrington Research raised shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price 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. Wedbush lowered Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a research report on Friday, January 10th. One equities research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.80.

Cinemark Stock Up 0.2 %

Shares of NYSE:CNK opened at $28.64 on Tuesday. The company has a 50 day moving average of $31.89 and a two-hundred day moving average of $28.54. Cinemark Holdings, Inc. has a 52-week low of $13.45 and a 52-week high of $36.28. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 18.48 and a beta of 2.40.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.19 earnings per share 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 during the quarter, compared to analyst estimates of $894.90 million. During the same period last year, the business earned $0.61 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, analysts forecast that Cinemark Holdings, Inc. will post 2.05 earnings per share for the current fiscal year.

Insider Transactions at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.