17,043 Shares in Cinemark Holdings, Inc. (NYSE:CNK) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,043 shares of the company's stock, valued at approximately $474,000.

Other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP boosted its stake in Cinemark by 198.9% during the third quarter. Aigen Investment Management LP now owns 49,400 shares of the company's stock worth $1,375,000 after buying an additional 32,870 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Cinemark by 88.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company's stock valued at $1,733,000 after acquiring an additional 29,295 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Cinemark in the 3rd quarter valued at $1,960,000. Entropy Technologies LP purchased a new position in Cinemark during the 3rd quarter worth $893,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Cinemark by 18.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company's stock worth $14,629,000 after buying an additional 103,875 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CNK shares. Roth Mkm raised their price target on Cinemark from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their target price on shares of Cinemark from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Barrington Research raised shares of Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price target for the company in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of Cinemark from $16.00 to $20.00 and gave the company a "sell" rating in a report on Thursday, September 19th. Finally, Benchmark boosted their price objective on shares of Cinemark from $32.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.80.

Insider Buying and Selling at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 179,729 shares of the company's stock, valued at approximately $5,873,543.72. The trade was a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by insiders.

Cinemark Stock Down 2.6 %

NYSE:CNK traded down $0.87 during trading hours on Friday, hitting $32.16. The stock had a trading volume of 1,828,850 shares, compared to its average volume of 2,834,295. The company has a market cap of $3.94 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.66 and a beta of 2.38. The business has a 50 day simple moving average of $31.27 and a two-hundred day simple moving average of $26.39. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. Cinemark Holdings, Inc. has a 1-year low of $13.19 and a 1-year high of $36.28.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.61. The firm had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Analysts predict that Cinemark Holdings, Inc. will post 2 EPS for the current year.

Cinemark Company 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.