Cinemark Target of Unusually Large Options Trading (CNK)

Cinemark Holdings, Inc. (NYSE:CNK) was the target of some unusual options trading activity on Wednesday. Stock investors bought 520 call options on the stock. This represents an increase of approximately 654% compared to the typical volume of 69 call options.

Several research analysts have weighed in on CNK shares. B. Riley set a $47.00 price objective on shares of Cinemark and gave the company a “buy” rating in a research note on Wednesday, October 18th. Wedbush set a $42.00 price objective on shares of Cinemark and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Royal Bank of Canada upgraded shares of Cinemark from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $33.91 to $40.00 in a research note on Wednesday, January 10th. Finally, MKM Partners dropped their price objective on shares of Cinemark to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Cinemark currently has an average rating of “Hold” and an average price target of $41.61.

Cinemark (CNK) opened at $37.59 on Friday. Cinemark has a 12 month low of $32.03 and a 12 month high of $44.84. The company has a market cap of $4,380.00, a price-to-earnings ratio of 17.82, a PEG ratio of 1.01 and a beta of 1.15. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.46 and a current ratio of 1.50.

In related news, Director Lee Roy Mitchell sold 174,607 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $36.72, for a total value of $6,411,569.04. Following the completion of the sale, the director now owns 5,528,843 shares in the company, valued at approximately $203,019,114.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tom Owens sold 9,213 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the transaction, the executive vice president now owns 42,722 shares in the company, valued at approximately $1,537,992. The disclosure for this sale can be found here. In the last 90 days, insiders sold 483,820 shares of company stock valued at $17,672,093. 9.20% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Cinemark during the 3rd quarter worth $454,000. Jupiter Asset Management Ltd. increased its stake in shares of Cinemark by 11.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 299,841 shares of the company’s stock worth $10,857,000 after purchasing an additional 30,000 shares during the last quarter. Aperio Group LLC increased its stake in shares of Cinemark by 34.2% during the 3rd quarter. Aperio Group LLC now owns 42,818 shares of the company’s stock worth $1,550,000 after purchasing an additional 10,905 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Cinemark by 107.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,852 shares of the company’s stock worth $357,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Cinemark in the 4th quarter valued at $1,522,000. Institutional investors own 91.90% of the company’s stock.

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Cinemark Company Profile

Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.

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