Cinemark Holdings, Inc. (NYSE:CNK) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,483 shares of the company’s stock after purchasing an additional 1,786 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cinemark were worth $697,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Cinemark by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,844,490 shares of the company’s stock valued at $254,046,000 after purchasing an additional 214,102 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Cinemark by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,550,176 shares of the company’s stock valued at $248,646,000 after purchasing an additional 232,619 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Cinemark by 0.4% in the 3rd quarter. Federated Hermes Inc. now owns 595,587 shares of the company’s stock valued at $10,929,000 after purchasing an additional 2,106 shares in the last quarter. Sycale Advisors NY LLC raised its stake in shares of Cinemark by 19.6% in the 3rd quarter. Sycale Advisors NY LLC now owns 589,020 shares of the company’s stock valued at $10,809,000 after purchasing an additional 96,678 shares in the last quarter. Finally, First Dallas Securities Inc. raised its stake in shares of Cinemark by 2,363.4% in the 3rd quarter. First Dallas Securities Inc. now owns 511,152 shares of the company’s stock valued at $9,380,000 after purchasing an additional 490,402 shares in the last quarter.

Cinemark Price Performance

NYSE CNK opened at $17.72 on Thursday. Cinemark Holdings, Inc. has a 52 week low of $13.19 and a 52 week high of $20.40. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 7.73. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 2.11 and a beta of 2.27. The company has a 50-day moving average price of $17.75 and a two-hundred day moving average price of $15.86.

Cinemark (NYSE:CNK) last posted its earnings results on Friday, February 16th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The firm had revenue of $638.90 million during the quarter, compared to the consensus estimate of $619.67 million. During the same quarter last year, the company posted ($0.82) EPS. Cinemark’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that Cinemark Holdings, Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Cinemark from $16.00 to $12.00 and set a “sell” rating on the stock in a research note on Thursday, January 11th. B. Riley lowered shares of Cinemark from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $15.00 in a research note on Tuesday, January 2nd. Wells Fargo & Company upgraded shares of Cinemark from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $23.00 in a research note on Friday, April 5th. Benchmark reiterated a “buy” rating and set a $22.00 price objective on shares of Cinemark in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.11.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 19,593 shares of the 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 directly owns 179,591 shares in the company, valued at $3,008,149.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

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.