BNP Paribas Financial Markets Has $18.10 Million Stock Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

BNP Paribas Financial Markets grew its position in Cinemark Holdings, Inc. (NYSE:CNK) by 1,532.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 650,227 shares of the company’s stock after buying an additional 610,398 shares during the period. BNP Paribas Financial Markets’ holdings in Cinemark were worth $18,102,000 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 CNK. FMR LLC raised its holdings in Cinemark by 148.7% during the 3rd quarter. FMR LLC now owns 30,401 shares of the company’s stock worth $846,000 after purchasing an additional 18,177 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Cinemark in the 3rd quarter valued at about $687,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Cinemark by 137.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 120,090 shares of the company’s stock worth $3,343,000 after buying an additional 69,414 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Cinemark by 139.5% in the third quarter. Intech Investment Management LLC now owns 48,155 shares of the company’s stock valued at $1,341,000 after buying an additional 28,051 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Cinemark by 88.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company’s stock valued at $1,733,000 after purchasing an additional 29,295 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CNK shares. Wedbush lowered shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Macquarie increased their price objective on Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Morgan Stanley boosted their price target on shares of Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. B. Riley downgraded 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. Finally, The Goldman Sachs Group boosted their price target on Cinemark from $16.00 to $20.00 and gave the stock a “sell” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued 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 target price of $31.10.

Cinemark Stock Up 1.0 %

Shares of NYSE CNK opened at $34.52 on Friday. The company has a 50 day simple moving average of $29.89 and a 200 day simple moving average of $25.24. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. Cinemark Holdings, Inc. has a 1 year low of $13.19 and a 1 year high of $34.99. The firm has a market cap of $4.22 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.71 and a beta of 2.35.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.61. The company had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. Cinemark’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, research analysts forecast that Cinemark Holdings, Inc. will post 2 EPS for the current year.

Insider Buying and Selling at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the sale, the insider now directly owns 179,729 shares of the company’s stock, valued at approximately $5,873,543.72. This represents a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

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.