Centiva Capital LP Invests $1.21 Million in Cinemark Holdings, Inc. (NYSE:CNK)

Centiva Capital LP bought a new position in shares of 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 institutional investor bought 43,467 shares of the company's stock, valued at approximately $1,210,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Comerica Bank raised its holdings in Cinemark by 36.4% in the 1st quarter. Comerica Bank now owns 68,261 shares of the company's stock valued at $1,227,000 after acquiring an additional 18,198 shares in the last quarter. QRG Capital Management Inc. lifted its position in Cinemark by 5.9% during the second quarter. QRG Capital Management Inc. now owns 20,557 shares of the company's stock worth $444,000 after purchasing an additional 1,148 shares during the period. Wedge Capital Management L L P NC grew its stake in Cinemark by 16.4% during the second quarter. Wedge Capital Management L L P NC now owns 103,568 shares of the company's stock worth $2,239,000 after buying an additional 14,621 shares in the last quarter. Fifth Third Bancorp increased its holdings in Cinemark by 414.4% in the 2nd quarter. Fifth Third Bancorp now owns 4,480 shares of the company's stock valued at $97,000 after buying an additional 3,609 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Cinemark in the 2nd quarter valued at approximately $79,000.

Insider Activity

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the firm's 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 completion of the sale, the insider now directly owns 179,729 shares in the company, valued at approximately $5,873,543.72. This trade represents 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. Insiders own 2.30% of the company's stock.

Cinemark Trading Up 0.2 %

Shares of CNK stock traded up $0.08 during trading hours on Thursday, hitting $35.43. 1,357,377 shares of the company's stock traded hands, compared to its average volume of 2,850,324. 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 12 month low of $13.19 and a 12 month high of $36.28. The stock has a market cap of $4.33 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.78 and a beta of 2.38. The stock's 50 day simple moving average is $30.38 and its 200 day simple moving average is $25.61.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 60.21% and a net margin of 8.36%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. On average, sell-side analysts anticipate that Cinemark Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

CNK has been the topic of a number of recent analyst reports. 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. Wedbush downgraded Cinemark from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 1st. Benchmark raised their price objective on Cinemark from $32.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday. B. Riley downgraded Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 target price for the company. in a research note on Tuesday, August 27th. Finally, Roth Mkm raised their price target on shares of Cinemark from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cinemark has an average rating of "Moderate Buy" and a consensus 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.