27,920 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Purchased by Friedenthal Financial

Friedenthal Financial acquired a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,920 shares of the company's stock, valued at approximately $777,000.

Other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System raised its position in Cinemark by 1.8% in the second quarter. Arizona State Retirement System now owns 30,636 shares of the company's stock worth $662,000 after acquiring an additional 556 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Cinemark by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company's stock valued at $2,209,000 after purchasing an additional 612 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock worth $68,000 after buying an additional 877 shares in the last quarter. GAMMA Investing LLC grew its position in Cinemark by 106.1% in the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company's stock worth $56,000 after acquiring an additional 1,040 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Cinemark by 5.9% during the 2nd quarter. QRG Capital Management Inc. now owns 20,557 shares of the company's stock valued at $444,000 after buying an additional 1,148 shares during the period.

Cinemark Stock Performance

Cinemark stock traded down $0.16 during mid-day trading on Friday, hitting $28.77. The company had a trading volume of 2,938,217 shares, compared to its average volume of 2,874,975. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 6.23. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 1.94 and a beta of 2.36. The company's fifty day moving average is $27.81 and its 200-day moving average is $22.43. Cinemark Holdings, Inc. has a 12-month low of $13.19 and a 12-month high of $29.87.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.07 by $0.25. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The company had revenue of $734.20 million for the quarter, compared to analyst estimates of $691.74 million. During the same period last year, the company earned $0.80 earnings per share. Cinemark's quarterly revenue was down 22.1% compared to the same quarter last year. Equities research analysts predict that Cinemark Holdings, Inc. will post 1.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wedbush raised their price target on Cinemark from $28.00 to $31.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 3rd. Macquarie boosted their target price on shares of Cinemark from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Tuesday, July 9th. StockNews.com cut shares of Cinemark from a "hold" rating to a "sell" rating in a report on Tuesday. The Goldman Sachs Group boosted their price target on Cinemark from $16.00 to $20.00 and gave the company a "sell" rating in a report on Thursday, September 19th. Finally, Barrington Research downgraded Cinemark from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Cinemark presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.10.

Insider Activity

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00. Following the transaction, the insider now owns 204,729 shares of the company's stock, valued at approximately $5,566,581.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company's stock.

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.