Axa S.A. Has $812,000 Position in Cinemark Holdings, Inc. (NYSE:CNK)

Posted by on Mar 1st, 2023

Axa S.A. reduced its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK – Get Rating) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,025 shares of the company’s stock after selling 3,000 shares during the period. Axa S.A. owned about 0.06% of Cinemark worth $812,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of Cinemark by 107.2% during the 2nd quarter. Captrust Financial Advisors now owns 4,783 shares of the company’s stock valued at $72,000 after acquiring an additional 2,475 shares in the last quarter. Duality Advisers LP acquired a new position in Cinemark in the third quarter valued at about $143,000. Nisa Investment Advisors LLC boosted its position in Cinemark by 17.9% in the second quarter. Nisa Investment Advisors LLC now owns 9,860 shares of the company’s stock valued at $148,000 after buying an additional 1,500 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Cinemark by 19.1% in the third quarter. Wedge Capital Management L L P NC now owns 12,232 shares of the company’s stock valued at $148,000 after buying an additional 1,963 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Cinemark by 19.7% in the third quarter. GHP Investment Advisors Inc. now owns 12,756 shares of the company’s stock valued at $154,000 after buying an additional 2,097 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Enrique Senior sold 35,054 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $12.47, for a total value of $437,123.38. Following the transaction, the director now owns 46,609 shares in the company, valued at approximately $581,214.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.00% of the stock is owned by corporate insiders.

Cinemark Price Performance

NYSE:CNK opened at $13.61 on Wednesday. Cinemark Holdings, Inc. has a 52 week low of $8.28 and a 52 week high of $19.76. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -6.05, a P/E/G ratio of 6.17 and a beta of 2.25. The firm’s 50-day simple moving average is $10.94 and its 200 day simple moving average is $12.00. The company has a debt-to-equity ratio of 20.79, a quick ratio of 1.24 and a current ratio of 1.27.

Cinemark (NYSE:CNK – Get Rating) last released its earnings results on Friday, February 24th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.48). Cinemark had a negative net margin of 11.05% and a negative return on equity of 84.89%. The firm had revenue of $599.70 million during the quarter, compared to the consensus estimate of $589.47 million. During the same period in the prior year, the business earned $0.05 earnings per share. Cinemark’s quarterly revenue was down 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Cinemark Holdings, Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CNK shares. Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of Cinemark in a research report on Monday. B. Riley upped their target price on shares of Cinemark from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday. StockNews.com downgraded shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Wednesday, January 25th. Roth Capital reissued a “neutral” rating on shares of Cinemark in a research note on Monday, February 13th. Finally, Credit Suisse Group raised shares of Cinemark from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $9.00 to $12.00 in a research note on Wednesday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.33.

About Cinemark

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Cinemark Holdings, Inc is a holding company, which engages in the provision of motion picture exhibitions through its subsidiaries. It operates through the U.S. and International segments. The company was founded by Lee Roy Mitchell in 1984 and is headquartered in Plano, TX.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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