Decker Retirement Planning Inc. Invests $4.73 Million in Cinemark Holdings, Inc. (NYSE:CNK)

Decker Retirement Planning Inc. acquired a new stake in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 152,531 shares of the company's stock, valued at approximately $4,725,000. Cinemark accounts for approximately 2.7% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 11th largest position. Decker Retirement Planning Inc. owned approximately 0.12% of Cinemark at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CNK. Quarry LP boosted its holdings in Cinemark by 714.8% in the third quarter. Quarry LP now owns 1,491 shares of the company's stock valued at $42,000 after purchasing an additional 1,308 shares during the last quarter. GAMMA Investing LLC grew 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 acquiring an additional 1,040 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in Cinemark by 38.7% during the second 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 position in Cinemark in the third quarter valued at approximately $77,000. Finally, CWM LLC lifted its holdings 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 acquiring an additional 1,716 shares during the period.

Cinemark Trading Up 0.0 %

NYSE CNK traded up $0.01 on Friday, reaching $28.59. 846,199 shares of the company were exchanged, compared to its average volume of 1,827,901. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. The business's fifty day moving average price is $32.02 and its 200 day moving average price is $28.34. The stock has a market capitalization of $3.50 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.55 and a beta of 2.40. Cinemark Holdings, Inc. has a fifty-two week low of $13.45 and a fifty-two week high of $36.28.

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, beating the consensus estimate of $0.58 by $0.61. The firm had revenue of $921.80 million for 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 previous year, the company posted $0.61 EPS. Analysts forecast that Cinemark Holdings, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CNK shares. Wells Fargo & Company lifted their target price on shares of Cinemark from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Barrington Research raised shares of Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective 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 target price on Cinemark from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Wedbush lowered Cinemark from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 1st. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.80.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction 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 transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company's stock.

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.