Cinemark Holdings, Inc. (NYSE:CNK) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP increased its position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 198.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,400 shares of the company's stock after acquiring an additional 32,870 shares during the period. Aigen Investment Management LP's holdings in Cinemark were worth $1,375,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Third Point LLC bought a new position in Cinemark in the 1st quarter valued at approximately $89,850,000. Dimensional Fund Advisors LP grew its stake in Cinemark by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company's stock worth $63,012,000 after buying an additional 148,076 shares during the period. Victory Capital Management Inc. boosted its position in shares of Cinemark by 1.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,550,819 shares of the company's stock valued at $55,149,000 after purchasing an additional 35,993 shares in the last quarter. Steadfast Capital Management LP acquired a new position in Cinemark during the first quarter valued at approximately $29,323,000. Finally, Hennessy Advisors Inc. increased its position in Cinemark by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 1,530,200 shares of the company's stock worth $33,083,000 after purchasing an additional 234,400 shares during the period.

Insider Activity at Cinemark

In related 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 owns 179,729 shares in the company, valued at $5,873,543.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on CNK shares. Morgan Stanley raised their target price on Cinemark from $29.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Barrington Research upgraded shares of Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 target price for the company in a report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of Cinemark from $16.00 to $20.00 and gave the stock a "sell" rating in a research report on Thursday, September 19th. Macquarie raised their price objective on shares of Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, B. Riley cut shares of Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 price objective for the company. in a research report on Tuesday, August 27th. One 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cinemark has a consensus rating of "Moderate Buy" and an average price target of $30.80.

Cinemark Price Performance

Shares of CNK traded up $0.36 during trading hours on Tuesday, reaching $32.74. The stock had a trading volume of 1,897,972 shares, compared to its average volume of 2,848,250. Cinemark Holdings, Inc. has a 12 month low of $13.19 and a 12 month high of $33.11. The company's 50-day moving average is $28.61 and its two-hundred day moving average is $23.78. The stock has a market capitalization of $4.01 billion, a PE ratio of 21.15, a PEG ratio of 1.58 and a beta of 2.35. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98.

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

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.