Cinemark Holdings Inc (NYSE:CNK) Short Interest Down 21.3% in January

Cinemark Holdings Inc (NYSE:CNK) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 11,266,695 shares, a decline of 21.3% from the January 15th total of 14,320,761 shares. Based on an average daily trading volume, of 2,211,727 shares, the short-interest ratio is presently 5.1 days. Approximately 9.8% of the company’s stock are short sold. Approximately 9.8% of the company’s stock are short sold. Based on an average daily trading volume, of 2,211,727 shares, the short-interest ratio is presently 5.1 days.

Insider Activity

In related news, EVP Melissa Thomas sold 7,944 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.05, for a total value of $206,941.20. Following the transaction, the executive vice president directly owned 159,416 shares of the company’s stock, valued at approximately $4,152,786.80. This trade represents a 4.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Maryland State Retirement & Pension System lifted its position in Cinemark by 3.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 15,157 shares of the company’s stock worth $352,000 after purchasing an additional 449 shares during the period. Amalgamated Bank raised its stake in shares of Cinemark by 1.7% in the 3rd quarter. Amalgamated Bank now owns 29,626 shares of the company’s stock valued at $830,000 after buying an additional 488 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Cinemark by 20.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after acquiring an additional 506 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Cinemark by 2.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock valued at $548,000 after acquiring an additional 507 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Cinemark by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 507 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently commented on CNK. Moffett Nathanson raised shares of Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, January 20th. Benchmark reiterated a “buy” rating on shares of Cinemark in a research note on Thursday, January 15th. B. Riley Financial dropped their target price on shares of Cinemark from $35.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Cinemark in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded Cinemark from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cinemark currently has an average rating of “Moderate Buy” and an average price target of $32.83.

Cinemark Stock Performance

NYSE CNK traded up $0.51 during midday trading on Tuesday, hitting $25.39. The company had a trading volume of 4,378,208 shares, compared to its average volume of 2,240,287. The firm has a fifty day simple moving average of $23.87 and a two-hundred day simple moving average of $25.87. Cinemark has a fifty-two week low of $21.60 and a fifty-two week high of $34.01. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 5.01. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 2.46 and a beta of 1.13.

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.