Cinemark Holdings, Inc. (NYSE:CNK) Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its holdings in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 348,940 shares of the company's stock after buying an additional 32,650 shares during the quarter. Hodges Capital Management Inc. owned 0.29% of Cinemark worth $10,810,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aigen Investment Management LP boosted its holdings in Cinemark by 198.9% in the 3rd quarter. Aigen Investment Management LP now owns 49,400 shares of the company's stock worth $1,375,000 after buying an additional 32,870 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Cinemark by 88.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company's stock valued at $1,733,000 after purchasing an additional 29,295 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Cinemark during the third quarter valued at about $1,960,000. Entropy Technologies LP bought a new stake in shares of Cinemark in the third quarter worth about $893,000. Finally, Blueshift Asset Management LLC lifted its position in shares of Cinemark by 180.2% in the third quarter. Blueshift Asset Management LLC now owns 114,674 shares of the company's stock worth $3,193,000 after buying an additional 73,747 shares in the last quarter.

Insider Transactions at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction that occurred 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 approximately $5,873,543.72. This represents a 12.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company's stock.

Cinemark Trading Up 1.5 %

NYSE CNK traded up $0.45 on Thursday, reaching $31.00. The stock had a trading volume of 1,855,734 shares, compared to its average volume of 2,211,526. Cinemark Holdings, Inc. has a 12-month low of $14.00 and a 12-month high of $36.28. The stock has a fifty day moving average price of $31.04 and a two-hundred day moving average price of $29.14. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 20.00 and a beta of 2.38. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Barrington Research upgraded Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on Cinemark from $29.00 to $31.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Macquarie lifted their target price on Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Benchmark restated a "buy" rating and set a $40.00 price target on shares of Cinemark in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.80.

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.