Yousif Capital Management LLC Buys 5,112 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Yousif Capital Management LLC increased its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 9.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 58,669 shares of the company’s stock after acquiring an additional 5,112 shares during the period. Yousif Capital Management LLC’s holdings in Cinemark were worth $827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. NBC Securities Inc. bought a new position in Cinemark during the third quarter worth about $74,000. DekaBank Deutsche Girozentrale bought a new position in shares of Cinemark during the 3rd quarter worth approximately $193,000. Mackenzie Financial Corp acquired a new stake in Cinemark in the 4th quarter valued at $210,000. Algert Global LLC bought a new stake in Cinemark in the third quarter valued at $222,000. Finally, Corton Capital Inc. acquired a new position in Cinemark during the third quarter worth $280,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CNK shares. Roth Mkm upped their target price on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. The Goldman Sachs Group cut their target price on shares of Cinemark from $16.00 to $12.00 and set a “sell” rating for the company in a research note on Thursday, January 11th. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price target on shares of Cinemark in a report on Monday, April 22nd. Wedbush reissued an “outperform” rating and issued a $23.00 price objective on shares of Cinemark in a research note on Thursday, April 25th. Finally, B. Riley increased their price objective on shares of Cinemark from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Cinemark currently has a consensus rating of “Hold” and an average price target of $20.33.

Insider Buying and Selling at Cinemark

In related news, insider Wanda Marie Gierhart sold 19,593 shares of Cinemark stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total transaction of $328,182.75. Following the completion of the sale, the insider now directly owns 179,591 shares of the company’s stock, valued at $3,008,149.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Cinemark Stock Performance

Shares of NYSE:CNK opened at $17.72 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 7.15. Cinemark Holdings, Inc. has a 1-year low of $13.19 and a 1-year high of $20.40. The stock has a market capitalization of $2.15 billion, a P/E ratio of 12.22, a P/E/G ratio of 2.08 and a beta of 2.25. The business has a 50-day moving average price of $17.91 and a two-hundred day moving average price of $15.85.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.40. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The company had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $561.91 million. During the same quarter in the previous year, the company earned ($0.03) EPS. Cinemark’s revenue was down 5.2% on a year-over-year basis. Equities analysts predict that Cinemark Holdings, Inc. will post 0.85 earnings per share 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.