Cinemark Holdings, Inc. (NYSE:CNK) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNKFree Report) by 1.6% during the third quarter, HoldingsChannel.com reports. The fund owned 13,844,490 shares of the company’s stock after buying an additional 214,102 shares during the period. Vanguard Group Inc. owned 0.11% of Cinemark worth $254,046,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its position in shares of Cinemark by 61.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 50,486 shares of the company’s stock valued at $872,000 after acquiring an additional 19,144 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Cinemark by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,133,373 shares of the company’s stock valued at $19,584,000 after purchasing an additional 11,733 shares during the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Cinemark in the 1st quarter valued at approximately $247,000. Bank of Montreal Can increased its holdings in shares of Cinemark by 63.4% during the 1st quarter. Bank of Montreal Can now owns 52,765 shares of the company’s stock worth $923,000 after buying an additional 20,477 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Cinemark by 55.6% during the 1st quarter. MetLife Investment Management LLC now owns 58,176 shares of the company’s stock valued at $1,005,000 after buying an additional 20,792 shares during the period.

Cinemark Price Performance

Shares of CNK opened at $17.97 on Friday. The company has a market cap of $2.18 billion, a P/E ratio of 14.61, a PEG ratio of 2.34 and a beta of 2.27. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $19.85. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 7.73. The firm’s 50 day moving average price is $16.34 and its 200 day moving average price is $15.80.

Cinemark (NYSE:CNKGet Free Report) last posted its quarterly earnings data on Friday, February 16th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $638.90 million for the quarter, compared to analysts’ expectations of $619.67 million. Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.82) EPS. On average, research analysts forecast that Cinemark Holdings, Inc. will post 0.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Wanda Marie Gierhart sold 19,593 shares of Cinemark stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total value of $328,182.75. Following the completion of the transaction, the insider now owns 179,591 shares in the company, valued at $3,008,149.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CNK shares. JPMorgan Chase & Co. cut their target price on Cinemark from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Wells Fargo & Company lowered shares of Cinemark from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $16.00 to $13.00 in a report on Wednesday, December 20th. B. Riley lowered shares of Cinemark from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $15.00 in a research note on Tuesday, January 2nd. Roth Mkm reduced their price target on shares of Cinemark from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Cinemark in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.40.

View Our Latest Analysis on Cinemark

About Cinemark

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cinemark Holdings, Inc. (NYSE:CNKFree Report).

Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

Receive News & Ratings for Cinemark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark and related companies with MarketBeat.com's FREE daily email newsletter.