Public Employees Retirement System of Ohio Sells 330 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Public Employees Retirement System of Ohio cut its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,849 shares of the company’s stock after selling 330 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cinemark were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CNK. Luxor Capital Group LP lifted its holdings in Cinemark by 2.9% in the third quarter. Luxor Capital Group LP now owns 102,200 shares of the company’s stock valued at $2,845,000 after buying an additional 2,905 shares during the period. XTX Topco Ltd bought a new stake in shares of Cinemark during the 3rd quarter valued at $474,000. Tabor Asset Management LP lifted its stake in shares of Cinemark by 25.7% in the 3rd quarter. Tabor Asset Management LP now owns 333,906 shares of the company’s stock valued at $9,296,000 after purchasing an additional 68,237 shares during the period. Sora Investors LLC bought a new position in shares of Cinemark in the 3rd quarter worth $1,114,000. Finally, Quarry LP grew its stake in shares of Cinemark by 714.8% during the third quarter. Quarry LP now owns 1,491 shares of the company’s stock worth $42,000 after purchasing an additional 1,308 shares during the period.

Cinemark Stock Performance

CNK opened at $30.83 on Monday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.66 and a beta of 2.38. The business’s 50-day moving average price is $31.62 and its two-hundred day moving average price is $26.97. Cinemark Holdings, Inc. has a 1 year low of $13.19 and a 1 year high of $36.28.

Cinemark (NYSE:CNK) last released its earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.58 by $0.61. The firm had revenue of $921.80 million for the quarter, compared to analysts’ expectations of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Equities analysts expect that Cinemark Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Benchmark increased their price target on shares of Cinemark from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barrington Research upgraded shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a report on Thursday, October 31st. Wedbush lowered shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Macquarie lifted their price target on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Cinemark has an average rating of “Moderate Buy” and a consensus price target of $32.80.

Insider Buying and Selling

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total transaction of $817,000.00. Following the sale, the insider now directly owns 179,729 shares of the company’s stock, valued at $5,873,543.72. The trade was a 12.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

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.