Farther Finance Advisors LLC Sells 5,405 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Farther Finance Advisors LLC trimmed its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 63.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,121 shares of the company’s stock after selling 5,405 shares during the quarter. Farther Finance Advisors LLC’s holdings in Cinemark were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Cinemark by 106.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock valued at $56,000 after purchasing an additional 1,040 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Cinemark by 38.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after buying an additional 877 shares in the last quarter. USA Financial Formulas bought a new position in Cinemark during the third quarter valued at about $77,000. 1620 Investment Advisors Inc. acquired a new position in Cinemark in the 2nd quarter valued at approximately $79,000. Finally, CWM LLC lifted its position in shares of Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after acquiring an additional 1,716 shares during the period.

Insider Activity

In related news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total value of $817,000.00. Following the transaction, the insider now owns 179,729 shares in the company, valued at $5,873,543.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CNK shares. StockNews.com upgraded Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday. Macquarie upped their target price on shares of Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Cinemark from $31.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Roth Mkm upped their price objective on Cinemark from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, B. Riley lowered Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.80.

Cinemark Stock Up 1.1 %

Shares of NYSE:CNK opened at $32.74 on Wednesday. Cinemark Holdings, Inc. has a 12 month low of $13.19 and a 12 month high of $33.11. The firm has a market cap of $4.01 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.58 and a beta of 2.35. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The company’s 50-day moving average price is $28.61 and its two-hundred day moving average price is $23.78.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The business had revenue of $921.80 million during the quarter, compared to analyst estimates of $894.90 million. During the same quarter last year, the business posted $0.61 earnings per share. Cinemark’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Cinemark Holdings, Inc. will post 2 EPS for the current fiscal 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.