Janney Montgomery Scott LLC Buys New Stake in Cinemark Holdings, Inc. (NYSE:CNK)

Janney Montgomery Scott LLC bought a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,289 shares of the company's stock, valued at approximately $257,000.

Other large investors also recently modified their holdings of the company. Quarry LP lifted its stake in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company's stock worth $42,000 after purchasing an additional 1,308 shares in the last quarter. GAMMA Investing LLC lifted its stake in Cinemark by 106.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company's stock worth $56,000 after purchasing an additional 1,040 shares in the last quarter. CWM LLC lifted its stake in Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company's stock worth $83,000 after purchasing an additional 1,716 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Cinemark in the 3rd quarter worth about $115,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Cinemark in the 3rd quarter worth about $209,000.

Analyst Ratings Changes

Several equities analysts recently commented on CNK shares. JPMorgan Chase & Co. upped their price target on shares of Cinemark from $29.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Benchmark reissued a "buy" rating and issued a $40.00 price objective on shares of Cinemark in a research report on Friday, January 10th. 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 research report on Thursday, October 31st. StockNews.com raised shares of Cinemark from a "sell" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, Macquarie boosted their price objective on shares of Cinemark from $32.00 to $34.00 and gave the company an "outperform" rating in a research report 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.80.

Cinemark Stock Up 0.2 %

Shares of CNK traded up $0.07 during mid-day trading on Friday, hitting $32.59. The company's stock had a trading volume of 1,940,256 shares, compared to its average volume of 2,152,796. The company's 50-day moving average is $30.55 and its 200-day moving average is $29.65. Cinemark Holdings, Inc. has a 52-week low of $15.70 and a 52-week high of $36.28. The firm 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 current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46.

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.