Insider Selling: Cinemark (NYSE:CNK) EVP Sells $206,941.20 in Stock

Cinemark Holdings Inc (NYSE:CNK) EVP Melissa Thomas sold 7,944 shares of Cinemark stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $26.05, for a total value of $206,941.20. Following the completion of the transaction, the executive vice president directly owned 159,416 shares in the company, valued at $4,152,786.80. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Melissa Thomas also recently made the following trade(s):

• On Wednesday, December 10th, Melissa Thomas sold 22,082 shares of Cinemark stock. The shares were sold at an average price of $24.81, for a total transaction of $547,854.42.

Cinemark Trading Up 1.5%

Shares of CNK stock opened at $25.74 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 5.01. Cinemark Holdings Inc has a fifty-two week low of $21.60 and a fifty-two week high of $34.01. The firm’s 50 day moving average price is $23.70 and its two-hundred day moving average price is $26.02. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13.

Cinemark (NYSE:CNK) last posted its earnings results on Wednesday, November 5th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). Cinemark had a net margin of 4.93% and a return on equity of 34.33%. The business had revenue of $857.50 million for the quarter, compared to analyst estimates of $851.47 million. During the same quarter in the previous year, the firm posted $1.19 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. On average, analysts anticipate that Cinemark Holdings Inc will post 1.93 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Cinemark from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Macquarie Infrastructure lowered their price objective on Cinemark from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Wells Fargo & Company cut their target price on Cinemark from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Benchmark reiterated a “buy” rating on shares of Cinemark in a research note on Thursday, January 15th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price target on shares of Cinemark in a report on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cinemark currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Marshall Wace LLP lifted its holdings in Cinemark by 758.9% in the second quarter. Marshall Wace LLP now owns 4,497,305 shares of the company’s stock worth $135,729,000 after acquiring an additional 3,973,689 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Cinemark during the 3rd quarter worth approximately $33,390,000. Squarepoint Ops LLC lifted its holdings in shares of Cinemark by 119.9% in the 2nd quarter. Squarepoint Ops LLC now owns 2,180,513 shares of the company’s stock worth $65,808,000 after purchasing an additional 1,188,709 shares during the last quarter. Man Group plc acquired a new position in Cinemark during the 2nd quarter valued at approximately $33,953,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Cinemark by 5,472,594.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,812 shares of the company’s stock valued at $24,165,000 after purchasing an additional 1,039,793 shares during the period.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.