Short Interest in Cinemark Holdings Inc (NYSE:CNK) Expands By 21.8%

Cinemark Holdings Inc (NYSE:CNK) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 14,320,761 shares, a growth of 21.8% from the December 31st total of 11,757,428 shares. Approximately 12.5% of the company’s stock are short sold. Based on an average daily trading volume, of 3,291,543 shares, the short-interest ratio is currently 4.4 days. Based on an average daily trading volume, of 3,291,543 shares, the short-interest ratio is currently 4.4 days. Approximately 12.5% of the company’s stock are short sold.

Cinemark Stock Up 3.7%

NYSE CNK traded up $0.92 during mid-day trading on Wednesday, hitting $25.60. The company’s stock had a trading volume of 1,419,556 shares, compared to its average volume of 2,731,843. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.44 and a beta of 1.13. Cinemark has a twelve month low of $21.60 and a twelve month high of $34.01. The company’s 50 day simple moving average is $23.82 and its 200 day simple moving average is $26.09. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 5.01.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The firm had revenue of $857.50 million for the quarter, compared to analysts’ expectations of $851.47 million. Cinemark had a return on equity of 34.33% and a net margin of 4.93%.Cinemark’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. Analysts anticipate that Cinemark will post 1.93 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on CNK. Moffett Nathanson upgraded shares of Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, January 20th. B. Riley dropped their price target on Cinemark from $35.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $28.00 price objective (down from $35.00) on shares of Cinemark in a research report on Thursday, December 18th. UBS Group raised Cinemark to a “buy” rating in a report on Tuesday, January 20th. Finally, Wells Fargo & Company reduced their price target on shares of Cinemark from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

Insider Activity at Cinemark

In other news, EVP Melissa Thomas sold 22,082 shares of Cinemark stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.81, for a total value of $547,854.42. Following the transaction, the executive vice president directly owned 167,360 shares in the company, valued at approximately $4,152,201.60. The trade was a 11.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CNK. State of New Jersey Common Pension Fund D purchased a new position in shares of Cinemark in the 4th quarter worth about $1,661,000. UBS Group AG lifted its holdings in shares of Cinemark by 49.8% in the 4th quarter. UBS Group AG now owns 1,100,402 shares of the company’s stock worth $25,573,000 after acquiring an additional 365,630 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Cinemark in the 4th quarter valued at $327,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Cinemark by 16.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 157,995 shares of the company’s stock valued at $3,672,000 after purchasing an additional 22,853 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Cinemark in the fourth quarter worth $121,000.

Cinemark Company Profile

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.