Cinemark Holdings, Inc. (NYSE:CNK) Shares Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC grew its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 180.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,674 shares of the company’s stock after purchasing an additional 73,747 shares during the period. Cinemark makes up about 0.8% of Blueshift Asset Management LLC’s holdings, making the stock its 19th largest position. Blueshift Asset Management LLC owned about 0.09% of Cinemark worth $3,193,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Cinemark by 106.1% during the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after buying an additional 1,040 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Cinemark by 38.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock valued at $68,000 after purchasing an additional 877 shares during the period. USA Financial Formulas acquired a new position in Cinemark during the third quarter worth approximately $77,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Cinemark during the 2nd quarter valued at $79,000. Finally, CWM LLC raised its position in shares of Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after buying an additional 1,716 shares during the period.

Insiders Place Their Bets

In related news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total value of $817,000.00. Following the completion of the transaction, the insider now directly owns 179,729 shares of the company’s stock, valued at $5,873,543.72. This represents a 12.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Cinemark Trading Down 1.3 %

NYSE CNK opened at $32.83 on Wednesday. The firm has a market capitalization of $4.02 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.67 and a beta of 2.35. Cinemark Holdings, Inc. has a one year low of $13.19 and a one year high of $34.26. The company has a 50-day simple moving average of $29.54 and a 200-day simple moving average of $24.95. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98.

Cinemark (NYSE:CNK) last posted 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. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The company had revenue of $921.80 million during the quarter, compared to analyst estimates of $894.90 million. During the same period in the prior year, the company earned $0.61 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Cinemark Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CNK. Roth Mkm raised their target price on shares of Cinemark from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley upped their price target on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Macquarie increased their price objective on shares of Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, The Goldman Sachs Group raised their price target on shares of Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cinemark currently has an average rating of “Moderate Buy” and a consensus target price of $30.80.

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.