Decker Retirement Planning Inc. Buys Shares of 152,531 Cinemark Holdings, Inc. (NYSE:CNK)

Decker Retirement Planning Inc. bought a new stake in Cinemark Holdings, Inc. (NYSE:CNK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 152,531 shares of the company’s stock, valued at approximately $4,725,000. Cinemark makes up approximately 2.7% of Decker Retirement Planning Inc.’s investment portfolio, making the stock its 11th largest position. Decker Retirement Planning Inc. owned approximately 0.12% of Cinemark as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CNK. Aigen Investment Management LP lifted its stake in Cinemark by 198.9% in the 3rd quarter. Aigen Investment Management LP now owns 49,400 shares of the company’s stock worth $1,375,000 after acquiring an additional 32,870 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Cinemark by 88.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company’s stock valued at $1,733,000 after purchasing an additional 29,295 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of Cinemark in the third quarter worth approximately $1,960,000. Entropy Technologies LP purchased a new stake in shares of Cinemark in the third quarter worth approximately $893,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Cinemark by 18.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company’s stock worth $14,629,000 after purchasing an additional 103,875 shares during the period.

Cinemark Stock Performance

CNK opened at $28.58 on Friday. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. The company has a market cap of $3.50 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.55 and a beta of 2.40. The stock has a 50-day moving average of $32.02 and a 200-day moving average of $28.34. Cinemark Holdings, Inc. has a 52-week low of $13.27 and a 52-week high of $36.28.

Cinemark (NYSE:CNK) last announced its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.61. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The firm had revenue of $921.80 million during the quarter, compared to analysts’ expectations of $894.90 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that Cinemark Holdings, Inc. will post 2.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a research note on Friday, January 10th. Wedbush downgraded shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price objective on Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a research report on Thursday, September 19th. Roth Mkm boosted their target price on Cinemark from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently 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 on Tuesday, November 12th. The shares were 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 of the company’s stock, valued at $5,873,543.72. The trade was a 12.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by insiders.

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.