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

Cinemark Holdings, Inc. (NYSE:CNK) insider Valmir Fernandes sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 179,729 shares in the company, valued at approximately $5,873,543.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 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 CNK opened at $32.74 on Wednesday. The firm has a market cap of $4.01 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.58 and a beta of 2.35. 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 company’s fifty day moving average is $28.61 and its two-hundred day moving average is $23.78. Cinemark Holdings, Inc. has a fifty-two week low of $13.19 and a fifty-two week high of $33.11.

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

Analyst Ratings Changes

CNK has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on Cinemark from $31.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Morgan Stanley lifted their price objective on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Macquarie upped their target price on shares of Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Roth Mkm upped their price objective on shares of Cinemark from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.80.

Institutional Investors Weigh In On Cinemark

Several institutional investors have recently bought and sold shares of CNK. Texas Permanent School Fund Corp raised its stake in shares of Cinemark by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 92,591 shares of the company’s stock valued at $1,664,000 after acquiring an additional 1,345 shares during the period. Sei Investments Co. boosted its position in shares of Cinemark by 38.1% in the first quarter. Sei Investments Co. now owns 115,124 shares of the company’s stock worth $2,069,000 after buying an additional 31,739 shares during the period. Inspire Advisors LLC purchased a new stake in shares of Cinemark in the first quarter worth about $240,000. QRG Capital Management Inc. raised its holdings in shares of Cinemark by 7.5% during the 1st quarter. QRG Capital Management Inc. now owns 19,409 shares of the company’s stock valued at $349,000 after buying an additional 1,353 shares during the period. Finally, US Bancorp DE raised its holdings in shares of 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 buying 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.