Valmir Fernandes Sells 25,000 Shares of Cinemark Holdings, Inc. (NYSE:CNK) Stock

Cinemark Holdings, Inc. (NYSE:CNK) insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the completion of the transaction, the insider now owns 179,729 shares in the company, valued at $5,873,543.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Valmir Fernandes also recently made the following trade(s):

• On Monday, August 19th, Valmir Fernandes sold 25,000 shares of Cinemark stock. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00.

Cinemark Price Performance

Shares of NYSE:CNK opened at $31.79 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $33.11. The firm has a 50-day simple moving average of $28.72 and a 200 day simple moving average of $23.89. The company has a market cap of $3.89 billion, a PE ratio of 20.51, a P/E/G ratio of 1.64 and a beta of 2.35.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. The business had revenue of $921.80 million during the quarter, compared to the consensus estimate of $894.90 million. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts anticipate that Cinemark Holdings, Inc. will post 2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CNK shares. JPMorgan Chase & Co. boosted their price objective on shares of Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Roth Mkm boosted their price objective on shares of Cinemark from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday. Wedbush downgraded shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aigen Investment Management LP boosted its stake in Cinemark by 198.9% during the 3rd quarter. Aigen Investment Management LP now owns 49,400 shares of the company’s stock valued at $1,375,000 after purchasing an additional 32,870 shares during the period. Sei Investments Co. boosted its stake in 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 purchasing an additional 31,739 shares during the period. PEAK6 Investments LLC acquired a new position in Cinemark during the 1st quarter valued at about $2,274,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Cinemark by 18.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company’s stock valued at $14,629,000 after purchasing an additional 103,875 shares during the period. Finally, US Bancorp DE boosted its stake in Cinemark by 68.8% during the 1st quarter. US Bancorp DE now owns 34,846 shares of the company’s stock valued at $626,000 after purchasing an additional 14,200 shares during the period.

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.