Aigen Investment Management LP Increases Position in Cinemark Holdings, Inc. (NYSE:CNK)

Aigen Investment Management LP increased its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 198.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,400 shares of the company’s stock after acquiring an additional 32,870 shares during the quarter. Aigen Investment Management LP’s holdings in Cinemark were worth $1,375,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Cinemark by 106.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock valued at $56,000 after purchasing an additional 1,040 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Cinemark by 38.7% in the second 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 in the last quarter. USA Financial Formulas acquired a new stake in Cinemark in the third quarter valued at $77,000. 1620 Investment Advisors Inc. bought a new position in Cinemark during the 2nd quarter valued at $79,000. Finally, CWM LLC grew its holdings in Cinemark by 134.4% during the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after acquiring an additional 1,716 shares in the last quarter.

Cinemark Price Performance

Shares of NYSE:CNK traded up $0.27 during trading hours on Tuesday, hitting $32.65. 120,603 shares of the company’s stock traded hands, compared to its average volume of 2,839,876. The company’s fifty day simple moving average is $28.51 and its two-hundred day simple moving average is $23.67. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.58 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 Holdings, Inc. has a 52 week low of $13.19 and a 52 week high of $32.91.

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

Insider Transactions at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.19, for a total value of $679,750.00. Following the transaction, the insider now owns 204,729 shares in the company, valued at $5,566,581.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CNK shares. Barrington Research raised shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Thursday, October 31st. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a report on Sunday. The Goldman Sachs Group lifted their target price on Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. upped their price target on Cinemark from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Wedbush downgraded shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.80.

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.