Cinemark Holdings, Inc. (NYSE:CNK) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,297 shares of the company’s stock after purchasing an additional 5,825 shares during the period. Rhumbline Advisers’ holdings in Cinemark were worth $6,730,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CNK. Third Point LLC acquired a new position in shares of Cinemark in the 1st quarter worth approximately $89,850,000. Steadfast Capital Management LP acquired a new position in shares of Cinemark in the 1st quarter worth approximately $29,323,000. Hennessy Advisors Inc. acquired a new position in shares of Cinemark in the 4th quarter worth approximately $16,001,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Cinemark in the 1st quarter worth approximately $15,975,000. Finally, Nut Tree Capital Management LP acquired a new position in shares of Cinemark in the 1st quarter worth approximately $13,250,000.

Analyst Ratings Changes

Several research firms have recently weighed in on CNK. B. Riley downgraded shares of Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research report on Tuesday, August 27th. JPMorgan Chase & Co. lifted their target price on shares of Cinemark from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Roth Mkm lifted their target price on shares of Cinemark from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Wedbush lifted their target price on shares of Cinemark from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. Finally, Roth Capital raised shares of Cinemark from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cinemark currently has an average rating of “Moderate Buy” and a consensus target price of $25.20.

Cinemark Price Performance

NYSE CNK opened at $28.75 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 6.23. The company has a fifty day simple moving average of $25.21 and a 200 day simple moving average of $20.66. The company has a market cap of $3.52 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.12 and a beta of 2.36. Cinemark Holdings, Inc. has a 1 year low of $13.19 and a 1 year high of $29.07.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.25. The business had revenue of $734.20 million during the quarter, compared to the consensus estimate of $691.74 million. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. Cinemark’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. On average, sell-side analysts predict that Cinemark Holdings, Inc. will post 1.33 EPS for the current year.

Insider Activity at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.19, for a total transaction of $679,750.00. Following the completion of the transaction, the insider now directly owns 204,729 shares in the company, valued at approximately $5,566,581.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Cinemark Company 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.