Castellan Group Sells 2,337 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Castellan Group lessened its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,863 shares of the company’s stock after selling 2,337 shares during the quarter. Cinemark comprises approximately 2.9% of Castellan Group’s investment portfolio, making the stock its 9th largest holding. Castellan Group’s holdings in Cinemark were worth $6,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP increased its holdings in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock worth $42,000 after buying an additional 1,308 shares during the period. GAMMA Investing LLC grew its stake in shares of Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after purchasing an additional 1,040 shares during the period. R Squared Ltd acquired a new stake in shares of Cinemark during the 4th quarter worth approximately $63,000. CWM LLC grew its stake in shares of Cinemark by 134.4% during the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after purchasing an additional 1,716 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Cinemark during the 3rd quarter worth approximately $115,000.

Cinemark Trading Up 1.9 %

Shares of NYSE:CNK opened at $31.86 on Thursday. Cinemark Holdings, Inc. has a 1 year low of $14.68 and a 1 year high of $36.28. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 20.55 and a beta of 2.38. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. The business’s 50 day moving average price is $30.73 and its 200-day moving average price is $29.45.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CNK. JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price objective on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Wedbush cut shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. StockNews.com raised shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Barrington Research upgraded Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.80.

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.