Peconic Partners Stock Portfolio: 9 Stock Picks

7. Cinemark Holdings, Inc. (NYSE:CNK)

Peconic Partners’ Investment Stake: $11.4 Million

Number of Hedge Fund Holders: 37

Cinemark Holdings, Inc. (NYSE:CNK) is one of Peconic Partners’ stock picks. Cinemark stock is backed by 37 hedge funds, and its shares are up more than 36% year-to-date.

On June 17, Benchmark raised its price target on Cinemark Holdings, Inc. (NYSE:CNK) shares to $37 from $35 while keeping a Buy rating on the stock. The brokerage based its decision on the company’s solid Q1 2026 results and upbeat Q2 trends.

Cinemark delivered Q1 revenue of $643.1 million, which increased 19% YoY and surpassed the Street’s forecast of $619.19 million. The company posted a loss per share of $0.06, which narrowed from a loss per share of $0.32 a year ago and was better than an expected loss per share of $0.13.

Benchmark noted that Q2 trends are improving and tracking ahead of expectations. The brokerage noted that the current quarter is being buoyed by strong film volume, surprise breakout films, and a favorable genre mix. Moreover, the Benchmark cited the company’s improved operating leverage and positive margin outlook.

Texas-based Cinemark Holdings, Inc. (NYSE:CNK) is a leading movie theater chain. It operates nearly 500 theaters across 42 US states and 13 Latin American countries. The company is focused on providing premium experiences for out-of-home entertainment.