Intech Investment Management LLC Has $1.34 Million Stock Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Intech Investment Management LLC grew its position in Cinemark Holdings, Inc. (NYSE:CNK) by 139.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 48,155 shares of the company’s stock after buying an additional 28,051 shares during the period. Intech Investment Management LLC’s holdings in Cinemark were worth $1,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Cinemark by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company’s stock worth $63,012,000 after purchasing an additional 148,076 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Cinemark by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,550,819 shares of the company’s stock valued at $55,149,000 after purchasing an additional 35,993 shares during the last quarter. Hennessy Advisors Inc. grew 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 worth $33,083,000 after buying an additional 234,400 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake 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 buying an additional 103,875 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Cinemark by 18.8% in the third quarter. Principal Financial Group Inc. now owns 629,782 shares of the company’s stock valued at $17,533,000 after buying an additional 99,843 shares during the period.

Wall Street Analysts Forecast Growth

CNK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Macquarie upped their price objective on Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 1st. StockNews.com upgraded Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. Morgan Stanley upped their price target on Cinemark from $29.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group boosted their price objective 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 assigned a hold rating, six have given 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.

Insider Buying and Selling at Cinemark

In other news, 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 $5,873,543.72. This trade represents a 12.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Cinemark Stock Down 1.3 %

Shares of CNK stock opened at $32.83 on Wednesday. Cinemark Holdings, Inc. has a 12-month low of $13.19 and a 12-month high of $34.26. 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 has a fifty day moving average of $29.54 and a 200-day moving average of $24.95. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 1.64 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 analysts’ consensus estimates of $0.58 by $0.61. The firm had revenue of $921.80 million during 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 company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, equities research analysts predict that Cinemark Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.