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

Cinemark Holdings, Inc. (NYSE:CNK) insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 179,729 shares of the company’s stock, valued at approximately $5,873,543.72. 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 the SEC website.

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

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

Cinemark Stock Up 1.1 %

Shares of NYSE:CNK opened at $32.74 on Wednesday. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $33.11. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The firm’s 50-day simple moving average is $28.61 and its 200-day simple moving average is $23.78. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.58 and a beta of 2.35.

Cinemark (NYSE:CNK) last released its earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.61. The company had revenue of $921.80 million for the quarter, compared to analysts’ expectations of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. As a group, equities research analysts predict that Cinemark Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CNK. Morgan Stanley lifted their target price on Cinemark from $29.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Macquarie upped their target price on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of Cinemark from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, October 14th. B. Riley cut shares of Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a report on Tuesday, August 27th. Finally, Wedbush lowered shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Third Point LLC purchased a new stake in shares of Cinemark during the 1st quarter worth $89,850,000. Dimensional Fund Advisors LP grew its position in Cinemark by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company’s stock worth $63,012,000 after buying an additional 148,076 shares during the period. Victory Capital Management Inc. increased its holdings in Cinemark by 1.4% in the second quarter. Victory Capital Management Inc. now owns 2,550,819 shares of the company’s stock valued at $55,149,000 after buying an additional 35,993 shares in the last quarter. Steadfast Capital Management LP acquired a new stake in shares of Cinemark during the 1st quarter valued at approximately $29,323,000. Finally, Hennessy Advisors Inc. lifted its position in shares of Cinemark by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,530,200 shares of the company’s stock valued at $33,083,000 after acquiring an additional 234,400 shares during the period.

About Cinemark

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.