Dynamic Technology Lab Private Ltd increased its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 137.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,090 shares of the company's stock after acquiring an additional 69,414 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.10% of Cinemark worth $3,343,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Cinemark by 106.1% during the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company's stock worth $56,000 after purchasing an additional 1,040 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock valued at $68,000 after acquiring an additional 877 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Cinemark in the third quarter valued at about $77,000. 1620 Investment Advisors Inc. acquired a new position in Cinemark during the second quarter valued at approximately $79,000. Finally, CWM LLC grew its stake in Cinemark by 134.4% in the third quarter. CWM LLC now owns 2,993 shares of the company's stock valued at $83,000 after purchasing an additional 1,716 shares in the last quarter.
Insider Buying and Selling at Cinemark
In related news, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the completion of the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company's stock.
Cinemark Trading Up 2.5 %
Shares of NYSE:CNK traded up $0.81 during trading on Monday, reaching $33.44. The stock had a trading volume of 1,189,799 shares, compared to its average volume of 2,827,788. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.64 and a beta of 2.35. Cinemark Holdings, Inc. has a 52 week low of $13.19 and a 52 week high of $34.26. The firm's fifty day moving average is $29.36 and its 200 day moving average is $24.73.
Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $921.80 million during the quarter, compared to the consensus estimate of $894.90 million. During the same period in the previous year, the firm posted $0.61 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Cinemark Holdings, Inc. will post 2 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on CNK shares. B. Riley downgraded Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 price objective for the company. in a report on Tuesday, August 27th. StockNews.com upgraded shares of Cinemark from a "sell" rating to a "hold" rating in a research note on Sunday, November 10th. Macquarie boosted their price objective 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. 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 research note on Thursday, October 31st. Finally, Wedbush downgraded Cinemark from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 1st. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.80.
View Our Latest Stock Report on CNK
About Cinemark
(
Free Report)
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.
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