Hennessy Advisors Inc. Has $23.29 Million Stock Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Hennessy Advisors Inc. increased its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 14.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,295,800 shares of the company’s stock after acquiring an additional 160,200 shares during the quarter. Hennessy Advisors Inc. owned about 1.07% of Cinemark worth $23,286,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CNK. NBC Securities Inc. boosted its holdings in shares of Cinemark by 17.2% during the 4th quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock worth $67,000 after buying an additional 700 shares during the period. Virtu Financial LLC bought a new stake in shares of Cinemark during the 4th quarter valued at $192,000. Mackenzie Financial Corp acquired a new stake in shares of Cinemark during the 4th quarter worth $210,000. Watershed Asset Management L.L.C. raised its position in shares of Cinemark by 6.2% in the 4th quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock valued at $221,000 after buying an additional 915 shares in the last quarter. Finally, Algert Global LLC bought a new position in Cinemark in the third quarter valued at approximately $222,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on CNK shares. Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of Cinemark in a report on Monday, June 17th. Roth Mkm raised Cinemark from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $19.00 to $26.00 in a research note on Monday. Wedbush reaffirmed an “outperform” rating and set a $25.00 target price on shares of Cinemark in a research note on Thursday. Roth Capital upgraded shares of Cinemark from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, StockNews.com downgraded Cinemark from a “hold” rating to a “sell” rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.33.

Cinemark Price Performance

Shares of CNK stock traded up $0.28 during trading on Friday, hitting $21.42. The company had a trading volume of 1,225,622 shares, compared to its average volume of 3,021,069. Cinemark Holdings, Inc. has a 52 week low of $13.19 and a 52 week high of $21.50. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.99 and a beta of 2.27. The company has a quick ratio of 1.45, a current ratio of 1.48 and a debt-to-equity ratio of 7.42. The stock’s 50-day moving average is $18.00 and its two-hundred day moving average is $16.68.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $561.91 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. As a group, analysts predict that Cinemark Holdings, Inc. will post 1.07 EPS for the current fiscal year.

Cinemark 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.