Jump Financial LLC Reduces Stake in Cinemark Holdings, Inc. (NYSE:CNK)

Jump Financial LLC lowered its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK - Free Report) by 77.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,687 shares of the company's stock after selling 243,955 shares during the quarter. Jump Financial LLC owned approximately 0.06% of Cinemark worth $982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Dallas Securities Inc. boosted its holdings in Cinemark by 2,363.4% in the third quarter. First Dallas Securities Inc. now owns 511,152 shares of the company's stock valued at $9,380,000 after acquiring an additional 490,402 shares during the last quarter. Peconic Partners LLC bought a new position in shares of Cinemark in the 3rd quarter valued at about $5,505,000. Wellington Management Group LLP grew its position in shares of Cinemark by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,550,176 shares of the company's stock worth $248,646,000 after buying an additional 232,619 shares during the period. Point Break Capital Management LLC bought a new stake in shares of Cinemark during the third quarter worth approximately $4,042,000. Finally, Vanguard Group Inc. lifted its holdings in Cinemark by 1.6% in the third quarter. Vanguard Group Inc. now owns 13,844,490 shares of the company's stock valued at $254,046,000 after buying an additional 214,102 shares during the period.

Insider Activity at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $3,008,149.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by insiders.

Cinemark Stock Down 0.7 %

Shares of CNK stock traded down $0.13 during trading hours on Friday, hitting $17.68. 2,629,154 shares of the company were exchanged, compared to its average volume of 2,981,189. Cinemark Holdings, Inc. has a 52 week low of $13.19 and a 52 week high of $20.40. The company has a current ratio of 1.48, a quick ratio of 1.45 and a debt-to-equity ratio of 7.42. The business has a 50 day moving average of $18.03 and a two-hundred day moving average of $15.98. The company has a market capitalization of $2.16 billion, a PE ratio of 12.19, a PEG ratio of 1.58 and a beta of 2.25.

Cinemark (NYSE:CNK - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.40. The firm had revenue of $579.00 million during the quarter, compared to analysts' expectations of $561.91 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. The company's revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. Analysts anticipate that Cinemark Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CNK. JPMorgan Chase & Co. lifted their target price on shares of Cinemark from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Wells Fargo & Company upgraded Cinemark from an "underweight" rating to an "overweight" rating and raised their target price for the stock from $13.00 to $23.00 in a report on Friday, April 5th. Wedbush reiterated an "outperform" rating and issued a $23.00 price target on shares of Cinemark in a research report on Thursday, April 25th. B. Riley boosted their price objective on shares of Cinemark from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, May 3rd. Finally, Roth Mkm increased their target price on shares of Cinemark from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Wednesday, April 10th. One 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. According to MarketBeat, Cinemark has an average rating of "Hold" and an average price target of $20.33.

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.