Tectonic Advisors LLC Has $859,000 Holdings in Cinemark Holdings, Inc. (NYSE:CNK)

Tectonic Advisors LLC lifted its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,721 shares of the company’s stock after acquiring an additional 2,569 shares during the quarter. Tectonic Advisors LLC’s holdings in Cinemark were worth $859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC grew its holdings in shares of Cinemark by 2.9% during the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock worth $575,000 after purchasing an additional 583 shares during the last quarter. GAMMA Investing LLC grew its holdings in Cinemark by 44.9% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $91,000 after acquiring an additional 906 shares during the last quarter. Quarry LP increased its position in Cinemark by 714.8% in the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 1,308 shares during the period. CWM LLC raised its stake in shares of Cinemark by 134.4% during the third quarter. CWM LLC now owns 2,993 shares of the company’s stock valued at $83,000 after acquiring an additional 1,716 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Cinemark during the fourth quarter worth $63,000.

Insider Activity

In related news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the completion of the sale, the insider now owns 179,729 shares of the company’s stock, valued at approximately $5,873,543.72. This trade represents a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wedbush lowered Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. StockNews.com upgraded Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. Morgan Stanley upped their target price on Cinemark from $29.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Roth Mkm raised their price target on shares of Cinemark from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.80.

Cinemark Stock Up 3.6 %

Cinemark stock opened at $30.52 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The company has a market capitalization of $3.73 billion, a PE ratio of 19.69 and a beta of 2.38. The firm’s fifty day moving average is $31.12 and its 200 day moving average is $29.13. Cinemark Holdings, Inc. has a 12-month low of $13.45 and a 12-month high of $36.28.

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.