Cinemark Holdings, Inc. (NYSE:CNK) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its holdings in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 25.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 80,112 shares of the company's stock after selling 27,779 shares during the period. AQR Capital Management LLC owned 0.07% of Cinemark worth $1,711,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Park West Asset Management LLC increased its stake in Cinemark by 34.3% in the 4th quarter. Park West Asset Management LLC now owns 1,175,000 shares of the company's stock valued at $16,556,000 after buying an additional 300,000 shares during the period. Peconic Partners LLC raised its stake in shares of Cinemark by 66.7% during the 4th quarter. Peconic Partners LLC now owns 500,000 shares of the company's stock worth $7,045,000 after buying an additional 200,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Cinemark in the 4th quarter valued at approximately $192,000. Hennessy Advisors Inc. boosted its stake in shares of Cinemark by 14.1% in the first quarter. Hennessy Advisors Inc. now owns 1,295,800 shares of the company's stock valued at $23,286,000 after buying an additional 160,200 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Cinemark by 7.7% during the first quarter. Commonwealth Equity Services LLC now owns 369,205 shares of the company's stock worth $6,635,000 after acquiring an additional 26,335 shares during the period.

Analyst Ratings Changes

Several equities research analysts have commented on CNK shares. The Goldman Sachs Group boosted their target price on shares of Cinemark from $16.00 to $20.00 and gave the stock a "sell" rating in a research report on Thursday, September 19th. Wells Fargo & Company upped their target price on shares of Cinemark from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday. Roth Capital upgraded shares of Cinemark from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 24th. Morgan Stanley upped their price target on Cinemark from $26.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Finally, Roth Mkm lifted their price objective on Cinemark from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday. One 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 stock. According to MarketBeat, Cinemark currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.10.

Insider Activity at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the firm's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.19, for a total value of $679,750.00. Following the sale, the insider now directly owns 204,729 shares of the company's stock, valued at approximately $5,566,581.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company's stock.

Cinemark Trading Up 4.6 %

NYSE:CNK traded up $1.27 on Thursday, reaching $28.62. The stock had a trading volume of 2,887,455 shares, compared to its average volume of 2,888,363. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.07 and a beta of 2.36. Cinemark Holdings, Inc. has a 12-month low of $13.19 and a 12-month high of $29.15. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.26. The firm's fifty day moving average is $27.23 and its two-hundred day moving average is $21.88.

Cinemark (NYSE:CNK - Get Free Report) last released its earnings results on Friday, August 2nd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.07 by $0.25. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. The firm had revenue of $734.20 million during the quarter, compared to analysts' expectations of $691.74 million. During the same period in the previous year, the company earned $0.80 EPS. Cinemark's revenue for the quarter was down 22.1% on a year-over-year basis. Equities analysts expect that Cinemark Holdings, Inc. will post 1.33 EPS for the current fiscal year.

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.