Cinemark Holdings, Inc. (NYSE:CNK) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,466,488 shares of the company's stock after selling 44,554 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.20% of Cinemark worth $40,827,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CNK shares. The Goldman Sachs Group increased their price objective on Cinemark from $16.00 to $20.00 and gave the company a "sell" rating in a research note on Thursday, September 19th. Wells Fargo & Company increased their target price on shares of Cinemark from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of Cinemark from $25.00 to $29.00 and gave the stock a "neutral" rating in a research 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 research note on Friday, November 1st. Finally, Morgan Stanley upped their price target on Cinemark from $29.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $32.80.

Insiders Place Their Bets

In other news, insider Valmir Fernandes sold 25,000 shares of Cinemark 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 completion of the sale, the insider now directly owns 179,729 shares of the company's stock, valued at approximately $5,873,543.72. The trade was a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Cinemark Stock Down 1.4 %

Shares of NYSE CNK traded down $0.52 during midday trading on Tuesday, hitting $35.50. The company's stock had a trading volume of 2,546,041 shares, compared to its average volume of 2,738,370. 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 $4.34 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.81 and a beta of 2.38. The business's fifty day simple moving average is $30.06 and its two-hundred day simple moving average is $25.41. Cinemark Holdings, Inc. has a 1 year low of $13.19 and a 1 year high of $36.28.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.58 by $0.61. The business had revenue of $921.80 million during the quarter, compared to the consensus estimate 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. On average, equities analysts predict that Cinemark Holdings, Inc. will post 2 EPS for the current year.

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.