New York State Teachers Retirement System Has $1.54 Million Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

New York State Teachers Retirement System raised its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,351 shares of the company’s stock after buying an additional 7,013 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Cinemark worth $1,541,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. VitalStone Financial LLC acquired a new position in shares of Cinemark during the first quarter worth approximately $27,000. Tower Research Capital LLC TRC increased its position in shares of Cinemark by 38.8% during the first quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock valued at $39,000 after purchasing an additional 749 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Cinemark by 28.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,194 shares of the company’s stock valued at $45,000 after purchasing an additional 1,147 shares during the period. Coppell Advisory Solutions LLC bought a new stake in shares of Cinemark during the second quarter valued at approximately $48,000. Finally, State of Wyoming bought a new stake in shares of Cinemark during the second quarter valued at approximately $55,000.

Cinemark Price Performance

Shares of CNK stock opened at $18.12 on Wednesday. The stock’s fifty day moving average is $17.41 and its 200-day moving average is $15.87. 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 capitalization of $2.20 billion, a PE ratio of 14.73, a PEG ratio of 2.22 and a beta of 2.27. Cinemark Holdings, Inc. has a 52 week low of $13.19 and a 52 week high of $20.40.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, February 16th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $638.90 million for the quarter, compared to the consensus estimate of $619.67 million. Cinemark had a return on equity of 72.91% and a net margin of 6.14%. Cinemark’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.82) EPS. Equities research analysts expect that Cinemark Holdings, Inc. will post 0.8 EPS for the current fiscal year.

Insider Transactions at Cinemark

In other news, insider Wanda Marie Gierhart sold 19,593 shares of the stock in a transaction 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 sale, the insider now owns 179,591 shares in the company, valued at $3,008,149.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

CNK has been the topic of a number of research reports. The Goldman Sachs Group lowered their price objective on Cinemark from $16.00 to $12.00 and set a “sell” rating on the stock in a research report on Thursday, January 11th. Wells Fargo & Company upgraded Cinemark from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $23.00 in a research report on Friday, April 5th. Roth Mkm boosted their price objective on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Benchmark reiterated a “buy” rating and issued a $22.00 price target on shares of Cinemark in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.56.

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.