Chartwell Investment Partners LLC cut its stake in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 45.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 381,122 shares of the company's stock after selling 319,671 shares during the period. Chartwell Investment Partners LLC owned 0.31% of Cinemark worth $10,610,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Texas Permanent School Fund Corp lifted its stake in shares of Cinemark by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 92,591 shares of the company's stock valued at $1,664,000 after purchasing an additional 1,345 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Cinemark during the first quarter valued at $1,865,000. Sei Investments Co. boosted its holdings in shares of Cinemark by 38.1% during the 1st quarter. Sei Investments Co. now owns 115,124 shares of the company's stock valued at $2,069,000 after buying an additional 31,739 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of Cinemark in the 1st quarter worth about $240,000. Finally, QRG Capital Management Inc. increased its stake in shares of Cinemark by 7.5% in the 1st quarter. QRG Capital Management Inc. now owns 19,409 shares of the company's stock worth $349,000 after acquiring an additional 1,353 shares in the last quarter.
CNK stock opened at $31.51 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. Cinemark Holdings, Inc. has a 1-year low of $13.19 and a 1-year high of $31.87. The stock has a market capitalization of $3.86 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.54 and a beta of 2.35. The business has a fifty day moving average price of $28.51 and a 200-day moving average price of $23.67.
Cinemark (NYSE:CNK - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.61. The business had revenue of $921.80 million during the quarter, compared to analyst estimates of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. Cinemark's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. Equities analysts forecast that Cinemark Holdings, Inc. will post 2 earnings per share for the current fiscal year.
In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the completion of the sale, the insider now owns 204,729 shares of the company's stock, valued at approximately $5,566,581.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.
Several research firms recently commented on CNK. Barrington Research raised shares of Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research note on Thursday, October 31st. Wedbush cut Cinemark from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Cinemark from $25.00 to $29.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. B. Riley cut Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 price objective for the company. in a research note on Tuesday, August 27th. Finally, Macquarie boosted their target price on Cinemark from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Cinemark has a consensus rating of "Moderate Buy" and an average price target of $30.80.
Get Our Latest Stock Analysis on CNK
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.
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