State of New Jersey Common Pension Fund D Acquires 10,300 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

State of New Jersey Common Pension Fund D increased its holdings in Cinemark Holdings, Inc. (NYSE:CNKGet Rating) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,309 shares of the company’s stock after buying an additional 10,300 shares during the period. State of New Jersey Common Pension Fund D owned about 0.13% of Cinemark worth $1,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wolverine Asset Management LLC raised its stake in Cinemark by 6.7% in the second quarter. Wolverine Asset Management LLC now owns 78,407 shares of the company’s stock worth $1,177,000 after buying an additional 4,900 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Cinemark during the third quarter worth $621,000. State of Alaska Department of Revenue increased its position in shares of Cinemark by 9.4% during the second quarter. State of Alaska Department of Revenue now owns 81,094 shares of the company’s stock worth $1,218,000 after purchasing an additional 6,990 shares in the last quarter. Seaview Investment Managers LLC increased its position in shares of Cinemark by 3.8% during the second quarter. Seaview Investment Managers LLC now owns 903,600 shares of the company’s stock worth $13,572,000 after purchasing an additional 33,279 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its position in shares of Cinemark by 31.4% during the second quarter. Hodges Capital Management Inc. now owns 1,076,187 shares of the company’s stock worth $16,165,000 after purchasing an additional 257,365 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Enrique Senior sold 35,054 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $12.47, for a total transaction of $437,123.38. Following the completion of the transaction, the director now owns 46,609 shares in the company, valued at approximately $581,214.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 10.00% of the company’s stock.

Cinemark Price Performance

NYSE:CNK opened at $11.04 on Friday. Cinemark Holdings, Inc. has a one year low of $8.28 and a one year high of $19.76. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.24 and a current ratio of 1.27. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -8.00, a PEG ratio of 2.41 and a beta of 2.16. The firm’s fifty day moving average is $11.08 and its two-hundred day moving average is $13.05.

Cinemark (NYSE:CNKGet Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. Cinemark had a negative net margin of 6.59% and a negative return on equity of 27.93%. The business had revenue of $650.40 million during the quarter, compared to the consensus estimate of $616.20 million. Research analysts expect that Cinemark Holdings, Inc. will post -1.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Credit Suisse Group downgraded Cinemark from an “outperform” rating to an “underperform” rating and reduced their price target for the stock from $25.00 to $9.00 in a research report on Wednesday, October 12th. JPMorgan Chase & Co. raised shares of Cinemark from a “neutral” rating to an “overweight” rating and set a $15.00 price objective on the stock in a report on Thursday, January 12th. The Goldman Sachs Group dropped their price objective on shares of Cinemark from $12.50 to $11.00 and set a “sell” rating on the stock in a report on Tuesday, October 11th. Morgan Stanley reissued an “overweight” rating and set a $16.00 price objective on shares of Cinemark in a report on Tuesday. Finally, B. Riley dropped their price objective on shares of Cinemark from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Cinemark currently has a consensus rating of “Hold” and a consensus price target of $15.56.

Cinemark Company Profile

(Get Rating)

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of June 30, 2022, it operated 522 theatres with 5,868 screens in the United States, and South and Central America. The company was founded in 1984 and is headquartered in Plano, Texas.

Further Reading

Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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