Cinemark Holdings, Inc. (NYSE:CNK) Stock Holdings Raised by Aigen Investment Management LP

Aigen Investment Management LP increased its position in Cinemark Holdings, Inc. (NYSE:CNK) by 16.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,755 shares of the company’s stock after purchasing an additional 6,320 shares during the period. Aigen Investment Management LP’s holdings in Cinemark were worth $631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Cinemark in the 4th quarter worth about $7,333,000. First Dallas Securities Inc. raised its holdings in shares of Cinemark by 2,363.4% during the third quarter. First Dallas Securities Inc. now owns 511,152 shares of the company’s stock valued at $9,380,000 after buying an additional 490,402 shares during the last quarter. Jump Financial LLC boosted its position in shares of Cinemark by 2,874.3% during the third quarter. Jump Financial LLC now owns 313,642 shares of the company’s stock worth $5,755,000 after buying an additional 303,097 shares during the period. Peconic Partners LLC acquired a new stake in Cinemark in the 3rd quarter valued at approximately $5,505,000. Finally, Wellington Management Group LLP raised its stake in Cinemark by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,550,176 shares of the company’s stock valued at $248,646,000 after acquiring an additional 232,619 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CNK shares. B. Riley upped 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, May 3rd. Wedbush restated an “outperform” rating and issued a $23.00 target price on shares of Cinemark in a research report on Thursday, April 25th. Benchmark reissued a “buy” rating and issued a $23.00 price target on shares of Cinemark in a report on Friday, May 3rd. Roth Mkm lifted 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 Wednesday, April 10th. Finally, StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.33.

Insider Buying and Selling

In other news, insider Wanda Marie Gierhart sold 19,593 shares of the firm’s stock in a transaction dated 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 approximately $3,008,149.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Cinemark Stock Down 0.3 %

NYSE:CNK opened at $17.70 on Thursday. Cinemark Holdings, Inc. has a 1-year low of $13.19 and a 1-year high of $20.40. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.56 and a beta of 2.25. The company has a current ratio of 1.48, a quick ratio of 1.45 and a debt-to-equity ratio of 7.42. The business’s fifty day moving average price is $17.99 and its 200 day moving average price is $16.00.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.40. The firm had revenue of $579.00 million for the quarter, compared to the consensus estimate of $561.91 million. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. On average, sell-side analysts forecast that Cinemark Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

About Cinemark

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.