GSA Capital Partners LLP Makes New Investment in Cinemark Holdings, Inc. (NYSE:CNK)

GSA Capital Partners LLP bought a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,529 shares of the company's stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNK. GAMMA Investing LLC raised 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 during the period. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Cinemark by 38.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock valued at $68,000 after purchasing an additional 877 shares during the last quarter. USA Financial Formulas bought a new stake in Cinemark during the 3rd quarter valued at approximately $77,000. 1620 Investment Advisors Inc. acquired a new stake in Cinemark in the 2nd quarter valued at approximately $79,000. Finally, CWM LLC grew its holdings in Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company's stock valued at $83,000 after buying an additional 1,716 shares during the last quarter.

Insiders Place Their Bets

In related news, insider Valmir Fernandes sold 25,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total transaction of $817,000.00. Following the sale, the insider now directly owns 179,729 shares in the company, valued at $5,873,543.72. This trade represents a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. B. Riley downgraded shares of Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 price objective on the stock. in a research note on Tuesday, August 27th. Wells Fargo & Company upped their price target on Cinemark from $31.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Morgan Stanley boosted their price objective on Cinemark from $29.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their target price on Cinemark from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Finally, Macquarie raised their price objective on shares of Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.80.

Cinemark Price Performance

Shares of CNK stock traded up $1.46 during trading hours on Tuesday, reaching $33.45. 2,367,264 shares of the company were exchanged, compared to its average volume of 2,833,134. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $33.45. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The stock's fifty day moving average is $29.02 and its two-hundred day moving average is $24.29. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.60 and a beta of 2.35.

Cinemark (NYSE:CNK - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.58 by $0.61. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The company had revenue of $921.80 million during the quarter, compared to analysts' expectations of $894.90 million. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. Sell-side analysts forecast that Cinemark Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.