As per Fintel’s report on May 26, 2023, Benchmark reconfirmed its coverage of Cinemark Holdings (NYSE:CNK) with a Buy recommendation. Analysts forecast a 11.70% increase in the stock’s price from its current level of $16.81, with an average one-year price target of $18.78. The highest price target is $23.10 while the lowest is $12.62.
The projected annual revenue for Cinemark Holdings is $2,855 million, reflecting an increase of 9.60%. The projected annual non-GAAP EPS is $0.37.
There are currently 500 funds, institutional or otherwise, reporting positions in Cinemark Holdings. This indicates a 0.60% increase in the number of owners in the last quarter. The average portfolio weight of all funds dedicated to CNK is 0.15%, reflecting an increase of 33.76%. The total number of shares owned by institutions reports an increase of 5.19% in the last three months, accounting to 135,870K shares.
The put/call ratio of CNK is 2.84, indicating a bearish outlook.
Top Shareholders and Changes
Wellington Management Group Llp has 13,274K shares, representing 11.15% ownership of CNK. The firm’s earlier filing reported owning 13,145K shares, signifying an increase of 0.97%. The company reduced its portfolio allocation in CNK by 75.94% in the last quarter
Orbis Allan Gray’s current holdings are 11,534K shares, representing 9.69% ownership of the company. Its previous filing reported holding 8,791K shares, indicating an increase of 23.78%. The company’s portfolio allocation in CNK increased by 45.85% in the last quarter.
iShares Core S&P Small-Cap ETF (IJR) holds 7,795K shares of CNK, representing 6.55% ownership, where its earlier filing reported holding 7,943K shares, reflecting a decrease of 1.89%. The company’s portfolio allocation towards CNK has increased by 62.86% in the last quarter.
Millennium Management holds 4,708K shares of CNK, representing 3.95% ownership. The company’s prior filing stated holding 3,765K shares, showing an increase of 20.03%. Millennium Management increased its portfolio allocation to CNK by 121.34% in the last quarter.
VANGUARD EXPLORER FUND Investor Shares (VEXPX) holds 4,174K shares, representing 3.51% ownership. Its former filing indicated holding 4,080K shares, reflecting an increase of 2.24%. The company increased its portfolio allocation in CNK by 8.14% in the last quarter.
About Cinemark Holdings
(Description provided by the company)
Cinemark Holdings, headquartered in Plano, TX, operates 531 theatres across the US, Central, and South America. Its brands include Century, Tinseltown, and Rave. The theatre company provides customers with a unique experience that extends beyond ticket purchases. Its services and products include Movie Club, career opportunities, Luxury Lounger, XD, and an extensive line of food and beverages, including dine-in restaurants.
Key filings for Cinemark Holdings are available on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
