Entropy Technologies LP Sells 10,784 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Entropy Technologies LP cut its stake in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,281 shares of the company's stock after selling 10,784 shares during the quarter. Entropy Technologies LP's holdings in Cinemark were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Optimist Retirement Group LLC purchased a new stake in Cinemark in the 4th quarter valued at $257,000. Tectonic Advisors LLC grew its stake in shares of Cinemark by 10.2% in the 4th quarter. Tectonic Advisors LLC now owns 27,721 shares of the company's stock worth $859,000 after acquiring an additional 2,569 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Cinemark by 10.3% in the fourth quarter. Hodges Capital Management Inc. now owns 348,940 shares of the company's stock valued at $10,810,000 after purchasing an additional 32,650 shares during the last quarter. R Squared Ltd bought a new position in shares of Cinemark during the fourth quarter valued at about $63,000. Finally, KBC Group NV boosted its holdings in Cinemark by 470.1% during the fourth quarter. KBC Group NV now owns 16,920 shares of the company's stock worth $524,000 after purchasing an additional 13,952 shares during the last quarter.

Cinemark Stock Performance

NYSE CNK traded up $0.07 during trading on Friday, hitting $32.59. 1,940,256 shares of the company's stock traded hands, compared to its average volume of 2,152,796. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 21.02 and a beta of 2.38. 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 business has a 50 day moving average of $30.55 and a 200-day moving average of $29.61. Cinemark Holdings, Inc. has a 12-month low of $15.70 and a 12-month high of $36.28.

Wall Street Analyst Weigh In

Several equities analysts have commented on CNK shares. Barrington Research raised shares of Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a research report on Thursday, October 31st. Macquarie lifted their price target on Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Cinemark from $29.00 to $31.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. StockNews.com raised Cinemark from a "sell" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, Wells Fargo & Company cut their price target on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.80.

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.