Cinemark Holdings, Inc. (NYSE:CNK) Insider Sells $817,000.00 in Stock

Cinemark Holdings, Inc. (NYSE:CNK) insider Valmir Fernandes sold 25,000 shares of the 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 sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $27.19, for a total transaction of $679,750.00.

Cinemark Stock Performance

Shares of CNK stock opened at $31.98 on Friday. Cinemark Holdings, Inc. has a one year low of $13.19 and a one year high of $33.11. The company’s 50-day moving average is $28.80 and its 200 day moving average is $23.94. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.64 and a beta of 2.35. 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 announced its quarterly earnings data 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 net margin of 8.36% and a return on equity of 60.21%. The company had revenue of $921.80 million for the quarter, compared to the consensus estimate of $894.90 million. During the same period in the prior year, the firm posted $0.61 EPS. Cinemark’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts expect that Cinemark Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Macquarie upped their price objective on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. B. Riley lowered shares of Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Tuesday, August 27th. Barrington Research upgraded shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a report on Thursday, October 31st. Roth Mkm upped 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. Finally, StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Cinemark presently has an average rating of “Moderate Buy” and an average target price of $30.80.

Institutional Trading of Cinemark

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock valued at $56,000 after acquiring an additional 1,040 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Cinemark by 38.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock valued at $68,000 after acquiring an additional 877 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Cinemark during the 3rd quarter valued at about $77,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Cinemark during the 2nd quarter valued at about $79,000. Finally, CWM LLC boosted its holdings in shares of Cinemark by 134.4% during the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock valued at $83,000 after acquiring an additional 1,716 shares during the last quarter.

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.