Cinemark Holdings, Inc. (NYSE:CNK) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 9.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,403 shares of the company’s stock after acquiring an additional 8,812 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Cinemark worth $2,192,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CNK. Arizona State Retirement System boosted its position in Cinemark by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 30,636 shares of the company’s stock valued at $662,000 after purchasing an additional 556 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Cinemark by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company’s stock valued at $2,209,000 after acquiring an additional 612 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Cinemark by 5.9% in the 2nd quarter. QRG Capital Management Inc. now owns 20,557 shares of the company’s stock worth $444,000 after acquiring an additional 1,148 shares during the period. Louisiana State Employees Retirement System lifted its position in Cinemark by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the company’s stock valued at $1,161,000 after purchasing an additional 1,200 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Cinemark by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 22,083 shares of the company’s stock valued at $397,000 after purchasing an additional 1,527 shares during the period.

Cinemark Stock Up 0.6 %

NYSE CNK opened at $28.58 on Wednesday. Cinemark Holdings, Inc. has a 12 month low of $13.19 and a 12 month high of $29.07. The company has a market capitalization of $3.50 billion, a P/E ratio of 19.71, a PEG ratio of 2.12 and a beta of 2.36. The company’s 50 day simple moving average is $25.48 and its 200 day simple moving average is $20.86. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.26.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.25. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The company had revenue of $734.20 million for the quarter, compared to analysts’ expectations of $691.74 million. During the same quarter in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was down 22.1% on a year-over-year basis. Equities research analysts expect that Cinemark Holdings, Inc. will post 1.33 earnings per share for the current fiscal year.

Insider Activity

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00. Following the sale, the insider now owns 204,729 shares in the company, valued at approximately $5,566,581.51. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CNK shares. Roth Mkm boosted their price objective on Cinemark from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barrington Research cut Cinemark from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 28th. Roth Capital upgraded shares of Cinemark from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 24th. Benchmark reiterated a “buy” rating and issued a $23.00 target price on shares of Cinemark in a research report on Monday, July 1st. Finally, Morgan Stanley raised their target price on shares of Cinemark from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.20.

Cinemark Company 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.