Cinemark Holdings, Inc. (NYSE:CNK) Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in Cinemark Holdings, Inc. (NYSE:CNKFree Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,846 shares of the company’s stock after acquiring an additional 76,769 shares during the period. Hsbc Holdings PLC owned 0.24% of Cinemark worth $4,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in Cinemark by 30.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 288,058 shares of the company’s stock valued at $4,059,000 after acquiring an additional 67,851 shares during the period. Federated Hermes Inc. boosted its stake in Cinemark by 17.0% in the fourth quarter. Federated Hermes Inc. now owns 696,859 shares of the company’s stock valued at $9,819,000 after acquiring an additional 101,272 shares during the period. Louisiana State Employees Retirement System acquired a new position in Cinemark in the fourth quarter valued at approximately $748,000. Schonfeld Strategic Advisors LLC boosted its stake in Cinemark by 276.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 189,074 shares of the company’s stock valued at $3,470,000 after acquiring an additional 138,874 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new position in Cinemark in the fourth quarter valued at approximately $901,000.

Analysts Set New Price Targets

A number of equities analysts have commented on CNK shares. StockNews.com downgraded Cinemark from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. Barrington Research reiterated an “outperform” rating and set a $24.00 price objective on shares of Cinemark in a research report on Monday, May 6th. B. Riley boosted their price objective on Cinemark from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Wedbush reiterated an “outperform” rating and set a $23.00 price objective on shares of Cinemark in a research report on Thursday, April 25th. Finally, Benchmark reiterated a “buy” rating and set a $23.00 price objective on shares of Cinemark in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.33.

View Our Latest Research Report on Cinemark

Cinemark Price Performance

Shares of NYSE:CNK opened at $16.66 on Wednesday. Cinemark Holdings, Inc. has a 12 month low of $13.19 and a 12 month high of $20.40. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.58 and a beta of 2.27. The stock’s 50 day moving average price is $17.86 and its 200 day moving average price is $16.17. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.48 and a quick ratio of 1.45.

Cinemark (NYSE:CNKGet Free Report) last announced its 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 return on equity of 69.48% and a net margin of 7.12%. The firm had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $561.91 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.1 earnings per share for the current fiscal year.

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.

See Also

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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