Geode Capital Management LLC Buys 25,857 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Geode Capital Management LLC boosted its stake in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 1.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,449,567 shares of the company's stock after buying an additional 25,857 shares during the period. Geode Capital Management LLC owned approximately 2.00% of Cinemark worth $68,209,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CNK. Quarry LP boosted its position in shares of 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 acquiring an additional 1,308 shares during the period. GAMMA Investing LLC boosted its holdings in Cinemark by 106.1% in the 3rd 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 during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Cinemark by 38.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock worth $68,000 after purchasing an additional 877 shares during the period. USA Financial Formulas bought a new position in shares of Cinemark during the third quarter worth approximately $77,000. Finally, CWM LLC raised its position in shares of 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 buying an additional 1,716 shares in the last quarter.

Insider Transactions at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the transaction, the insider now owns 179,729 shares in the company, valued at $5,873,543.72. The trade was a 12.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.

Cinemark Trading Down 1.7 %

NYSE:CNK traded down $0.54 during mid-day trading on Friday, hitting $30.83. 3,242,954 shares of the company's stock were exchanged, compared to its average volume of 2,829,852. The company has a 50 day simple moving average of $31.62 and a 200-day simple moving average of $26.97. The firm has a market capitalization of $3.77 billion, a P/E ratio of 19.89, a PEG ratio of 1.66 and a beta of 2.38. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $36.28. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.61. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business had revenue of $921.80 million during the quarter, compared to the consensus estimate of $894.90 million. During the same period in the prior year, the business posted $0.61 earnings per share. Cinemark's quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts expect that Cinemark Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on CNK shares. StockNews.com upgraded Cinemark from a "sell" rating to a "hold" rating in a research note on Sunday, November 10th. Barrington Research upgraded Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Thursday, October 31st. Morgan Stanley upped their price objective on shares of Cinemark from $29.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their target price on shares of Cinemark from $25.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Finally, Roth Mkm upped their price target on shares of Cinemark from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cinemark presently has an average rating of "Moderate Buy" and a consensus price target of $32.80.

About Cinemark

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.