Ritholtz Wealth Management Boosts Stock Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Ritholtz Wealth Management boosted its holdings in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 104.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,953 shares of the company's stock after buying an additional 18,371 shares during the quarter. Ritholtz Wealth Management's holdings in Cinemark were worth $1,114,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Cinemark by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company's stock valued at $63,012,000 after buying an additional 148,076 shares during the last quarter. Intech Investment Management LLC bought a new stake in Cinemark in the second quarter valued at approximately $435,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Cinemark by 18.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company's stock valued at $14,629,000 after acquiring an additional 103,875 shares during the last quarter. Public Sector Pension Investment Board increased its position in Cinemark by 8.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 234,764 shares of the company's stock valued at $5,076,000 after purchasing an additional 17,327 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of Cinemark in the 2nd quarter worth approximately $144,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley raised their target price on Cinemark from $29.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Roth Mkm boosted their target price on shares of Cinemark from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. StockNews.com upgraded Cinemark from a "sell" rating to a "hold" rating in a report on Sunday, November 10th. JPMorgan Chase & Co. raised their price objective on Cinemark from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company upped their target price on shares of Cinemark from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.80.

Insider Transactions at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the sale, the insider now directly owns 179,729 shares in the company, valued at $5,873,543.72. This represents a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Cinemark Stock Performance

NYSE CNK traded up $0.06 during trading hours on Monday, reaching $28.64. 1,585,175 shares of the company were exchanged, compared to its average volume of 1,700,600. 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 stock has a market capitalization of $3.50 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.55 and a beta of 2.40. Cinemark Holdings, Inc. has a 1 year low of $13.45 and a 1 year high of $36.28. The business's 50 day simple moving average is $31.96 and its 200-day simple moving average is $28.49.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.61. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The company had revenue of $921.80 million during the quarter, compared to analyst estimates of $894.90 million. During the same quarter last year, the business posted $0.61 EPS. Cinemark's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that Cinemark Holdings, Inc. will post 2.06 earnings per share for the current 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.