Federated Hermes Inc. Has $9.82 Million Stock Position in Cinemark Holdings, Inc. (NYSE:CNK)

Federated Hermes Inc. raised its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 696,859 shares of the company’s stock after purchasing an additional 101,272 shares during the period. Federated Hermes Inc. owned 0.57% of Cinemark worth $9,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CNK. Commonwealth Equity Services LLC lifted its position in Cinemark by 4.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 320,879 shares of the company’s stock valued at $5,888,000 after purchasing an additional 13,720 shares during the period. Tectonic Advisors LLC lifted its position in Cinemark by 7.7% during the 3rd quarter. Tectonic Advisors LLC now owns 45,670 shares of the company’s stock valued at $838,000 after purchasing an additional 3,260 shares during the period. First National Bank of Hutchinson lifted its position in Cinemark by 1.4% during the 3rd quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock valued at $1,282,000 after purchasing an additional 989 shares during the period. Mitchell Capital Management Co. lifted its position in Cinemark by 0.4% during the 3rd quarter. Mitchell Capital Management Co. now owns 387,784 shares of the company’s stock valued at $7,116,000 after purchasing an additional 1,470 shares during the period. Finally, Capula Management Ltd lifted its position in Cinemark by 53.4% during the 3rd quarter. Capula Management Ltd now owns 57,040 shares of the company’s stock valued at $1,047,000 after purchasing an additional 19,860 shares during the period.

Analyst Ratings Changes

A number of research analysts have issued reports on CNK shares. 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. Barrington Research reiterated an “outperform” rating and issued a $24.00 price target on shares of Cinemark in a research report on Monday. JPMorgan Chase & Co. increased their price target 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. Benchmark reiterated a “buy” rating and issued a $22.00 price target on shares of Cinemark in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group cut their price target on shares of Cinemark from $16.00 to $12.00 and set a “sell” rating on the stock in a research report on Thursday, January 11th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.11.

Insider Transactions at Cinemark

In other news, insider Wanda Marie Gierhart sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 directly owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Cinemark Price Performance

NYSE CNK opened at $17.83 on Wednesday. The business has a 50 day simple moving average of $17.71 and a 200 day simple moving average of $15.85. Cinemark Holdings, Inc. has a 52-week low of $13.19 and a 52-week high of $20.40. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.42 and a current ratio of 1.45. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.15 and a beta of 2.27.

Cinemark (NYSE:CNK) last posted its earnings results on Friday, February 16th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The business had revenue of $638.90 million for the quarter, compared to the consensus estimate of $619.67 million. During the same period in the previous year, the company posted ($0.82) earnings per share. Cinemark’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts anticipate that Cinemark Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.

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.