8,300 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Bought by Optimist Retirement Group LLC

Optimist Retirement Group LLC purchased a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,300 shares of the company's stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis Advisors LLC grew its position in Cinemark by 2.9% during the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company's stock valued at $575,000 after acquiring an additional 583 shares during the period. GAMMA Investing LLC raised its holdings in shares of Cinemark by 44.9% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock worth $91,000 after purchasing an additional 906 shares during the period. Quarry LP lifted its stake in shares of Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company's stock valued at $42,000 after purchasing an additional 1,308 shares in the last quarter. CWM LLC grew its holdings in shares of Cinemark by 134.4% during 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 during the period. Finally, R Squared Ltd acquired a new stake in Cinemark during the 4th quarter worth approximately $63,000.

Wall Street Analysts Forecast Growth

CNK has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Cinemark from $29.00 to $31.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. 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 report on Thursday, October 31st. Wedbush cut Cinemark from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 1st. Benchmark reaffirmed a "buy" rating and issued a $40.00 target price on shares of Cinemark in a research report on Friday, January 10th. Finally, Macquarie raised their target price on Cinemark from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, November 1st. One 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's stock. Based on data from MarketBeat.com, Cinemark presently has an average rating of "Moderate Buy" and a consensus target price of $32.80.

Cinemark Stock Up 0.4 %

Shares of CNK traded up $0.12 during trading on Friday, reaching $31.09. The company's stock had a trading volume of 1,716,317 shares, compared to its average volume of 2,152,796. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 20.06 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. The company has a fifty day moving average of $30.91 and a two-hundred day moving average of $29.26. Cinemark Holdings, Inc. has a twelve month low of $14.50 and a twelve month high of $36.28.

Insider Buying and Selling

In related news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total value of $817,000.00. Following the completion of the sale, the insider now directly owns 179,729 shares of the company's stock, valued at $5,873,543.72. The trade was a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company's stock.

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.