Illinois Municipal Retirement Fund Acquires New Stake in Cinemark Holdings, Inc. (NYSE:CNK)

Illinois Municipal Retirement Fund bought a new position in Cinemark Holdings, Inc. (NYSE:CNK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 63,961 shares of the company's stock, valued at approximately $901,000. Illinois Municipal Retirement Fund owned approximately 0.05% of Cinemark at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its holdings in Cinemark by 22.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 59,697 shares of the company's stock worth $841,000 after buying an additional 10,860 shares in the last quarter. Jennison Associates LLC acquired a new position in Cinemark during the 4th quarter worth $625,000. Duality Advisers LP lifted its holdings in Cinemark by 42.7% during the 4th quarter. Duality Advisers LP now owns 65,600 shares of the company's stock worth $924,000 after buying an additional 19,631 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Cinemark by 17.0% during the 4th quarter. Federated Hermes Inc. now owns 696,859 shares of the company's stock worth $9,819,000 after buying an additional 101,272 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Cinemark during the 4th quarter worth $210,000.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total transaction of $328,182.75. Following the completion of the transaction, the insider now owns 179,591 shares in the company, valued at approximately $3,008,149.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company's stock.

Cinemark Trading Down 0.6 %

Shares of CNK traded down $0.11 during trading hours on Monday, reaching $17.54. The stock had a trading volume of 1,981,668 shares, compared to its average volume of 3,055,302. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 7.73. Cinemark Holdings, Inc. has a 52 week low of $13.19 and a 52 week high of $20.40. The firm has a 50-day moving average of $17.79 and a 200 day moving average of $15.82. The company has a market cap of $2.13 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.08 and a beta of 2.27.

Cinemark (NYSE:CNK - Get Free Report) last released its quarterly earnings data on Friday, February 16th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The firm had revenue of $638.90 million during the quarter, compared to the consensus estimate of $619.67 million. Cinemark had a net margin of 6.14% and a return on equity of 72.91%. Cinemark's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.82) EPS. On average, sell-side analysts expect that Cinemark Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CNK. Wedbush reiterated an "outperform" rating and set a $23.00 target price on shares of Cinemark in a research report on Thursday. The Goldman Sachs Group dropped their target price on shares of Cinemark from $16.00 to $12.00 and set a "sell" rating for the company in a research report on Thursday, January 11th. JPMorgan Chase & Co. upped their target price on shares of Cinemark from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Roth Mkm upped their target price on shares of Cinemark from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, April 10th. Finally, B. Riley cut shares of Cinemark from a "buy" rating to a "neutral" rating and dropped their target price for the company from $23.00 to $15.00 in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.11.

About Cinemark

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.