Melissa Thomas Sells 7,944 Shares of Cinemark (NYSE:CNK) Stock

Cinemark Holdings Inc (NYSE:CNK) EVP Melissa Thomas sold 7,944 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.05, for a total transaction of $206,941.20. Following the completion of the transaction, the executive vice president directly owned 159,416 shares of the company’s stock, valued at $4,152,786.80. This represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Melissa Thomas also recently made the following trade(s):

• On Wednesday, December 10th, Melissa Thomas sold 22,082 shares of Cinemark stock. The stock was sold at an average price of $24.81, for a total transaction of $547,854.42.

Cinemark Stock Up 0.6%

Shares of NYSE:CNK traded up $0.16 during midday trading on Thursday, hitting $25.36. 2,226,069 shares of the stock were exchanged, compared to its average volume of 2,803,019. The business’s fifty day simple moving average is $23.77 and its two-hundred day simple moving average is $26.08. Cinemark Holdings Inc has a 52-week low of $21.60 and a 52-week high of $34.01. The company has a market capitalization of $2.98 billion, a PE ratio of 24.38, a P/E/G ratio of 2.44 and a beta of 1.13. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.72 and a current ratio of 0.76.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Cinemark had a return on equity of 34.33% and a net margin of 4.93%.The company had revenue of $857.50 million during the quarter, compared to analyst estimates of $851.47 million. During the same period in the prior year, the firm earned $1.19 EPS. Cinemark’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, research analysts predict that Cinemark Holdings Inc will post 1.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on CNK shares. Benchmark restated a “buy” rating on shares of Cinemark in a research note on Thursday, January 15th. Roth Mkm restated a “buy” rating and issued a $35.00 price target on shares of Cinemark in a research report on Wednesday, November 5th. B. Riley dropped their price objective on shares of Cinemark from $35.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Wells Fargo & Company cut their target price on shares of Cinemark from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Finally, Moffett Nathanson upgraded Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, January 20th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cinemark currently has an average rating of “Moderate Buy” and an average price target of $32.83.

Institutional Trading of Cinemark

A number of hedge funds and other institutional investors have recently modified their holdings of CNK. AlphaQuest LLC grew its position in shares of Cinemark by 169.6% during the 2nd quarter. AlphaQuest LLC now owns 33,673 shares of the company’s stock worth $1,016,000 after buying an additional 21,184 shares during the period. Marshall Wace LLP boosted its stake in Cinemark by 758.9% during the 2nd quarter. Marshall Wace LLP now owns 4,497,305 shares of the company’s stock worth $135,729,000 after acquiring an additional 3,973,689 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Cinemark by 108.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 90,886 shares of the company’s stock worth $2,547,000 after acquiring an additional 47,288 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Cinemark during the second quarter valued at approximately $5,958,000. Finally, Quadrature Capital Ltd bought a new stake in Cinemark in the second quarter valued at approximately $1,436,000.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.