KBC Group NV Increases Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

KBC Group NV grew its position in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 470.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,920 shares of the company's stock after acquiring an additional 13,952 shares during the quarter. KBC Group NV's holdings in Cinemark were worth $524,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its holdings in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company's stock valued at $42,000 after acquiring an additional 1,308 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Cinemark by 106.1% in the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company's stock valued at $56,000 after purchasing an additional 1,040 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Cinemark in the third quarter valued at approximately $77,000. CWM LLC lifted its position in Cinemark by 134.4% during the third quarter. CWM LLC now owns 2,993 shares of the company's stock worth $83,000 after buying an additional 1,716 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Cinemark during the third quarter worth $115,000.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Roth Mkm raised their target price on Cinemark from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Morgan Stanley boosted their target price on shares of Cinemark from $29.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Benchmark restated a "buy" rating and set a $40.00 price target on shares of Cinemark in a report on Friday, January 10th. Macquarie increased their price objective on Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company reduced their target price on Cinemark from $38.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.80.

Insider Buying and Selling at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of the business'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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Cinemark Stock Up 1.5 %

Shares of CNK traded up $0.45 during mid-day trading on Thursday, hitting $31.00. 1,855,734 shares of the company's stock were exchanged, compared to its average volume of 2,211,526. The stock's 50-day moving average is $31.04 and its 200-day moving average is $29.14. 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 Holdings, Inc. has a fifty-two week low of $14.00 and a fifty-two week high of $36.28. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 20.00 and a beta of 2.38.

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.