97,207 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Bought by Atom Investors LP

Atom Investors LP purchased a new position in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 97,207 shares of the company's stock, valued at approximately $2,706,000. Atom Investors LP owned 0.08% of Cinemark as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CNK. Aigen Investment Management LP increased its holdings in Cinemark by 198.9% in the third quarter. Aigen Investment Management LP now owns 49,400 shares of the company's stock worth $1,375,000 after purchasing an additional 32,870 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Cinemark by 88.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company's stock valued at $1,733,000 after acquiring an additional 29,295 shares during the period. State of New Jersey Common Pension Fund D bought a new position in Cinemark during the third quarter worth $1,960,000. Entropy Technologies LP acquired a new stake in Cinemark in the third quarter worth $893,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Cinemark by 18.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company's stock valued at $14,629,000 after purchasing an additional 103,875 shares during the period.

Insiders Place Their Bets

In other news, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.30% of the company's stock.

Cinemark Stock Performance

CNK traded down $0.78 during trading hours on Tuesday, hitting $35.24. The stock had a trading volume of 701,375 shares, compared to its average volume of 2,852,575. The stock has a market cap of $4.31 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.73 and a beta of 2.38. Cinemark Holdings, Inc. has a 1 year low of $13.19 and a 1 year 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's fifty day simple moving average is $30.06 and its 200 day simple moving average is $25.41.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.61. The company had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities analysts anticipate that Cinemark Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

CNK has been the subject of several research reports. Barrington Research raised shares of Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a research report on Thursday, October 31st. Wedbush downgraded Cinemark from a "strong-buy" rating to a "hold" rating in a report on Friday, November 1st. Macquarie raised their price objective on Cinemark from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Benchmark upped their target price on shares of Cinemark from $32.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Morgan Stanley raised their price target on shares of Cinemark from $29.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Cinemark has a consensus rating of "Moderate Buy" and an average target price of $32.80.

Cinemark 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.