Victory Capital Management Inc. increased its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 15.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 187,598 shares of the company’s stock after purchasing an additional 25,083 shares during the period. Victory Capital Management Inc. owned 0.16% of Cinemark Holdings worth $7,288,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNK. BlackRock Inc. raised its holdings in Cinemark Holdings by 13,956.8% in the 1st quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock valued at $490,657,000 after acquiring an additional 10,987,085 shares during the last quarter. FMR LLC grew its stake in shares of Cinemark Holdings by 83.9% in the 1st quarter. FMR LLC now owns 9,942,173 shares of the company’s stock valued at $440,836,000 after buying an additional 4,534,853 shares during the period. Jennison Associates LLC grew its stake in shares of Cinemark Holdings by 32.9% in the 2nd quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock valued at $154,960,000 after buying an additional 988,361 shares during the period. Mawer Investment Management Ltd. grew its stake in shares of Cinemark Holdings by 42.3% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,256,308 shares of the company’s stock valued at $144,385,000 after buying an additional 967,579 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Cinemark Holdings by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock valued at $399,198,000 after buying an additional 714,887 shares during the period. Hedge funds and other institutional investors own 90.16% of the company’s stock.
Several research firms have recently weighed in on CNK. Zacks Investment Research raised shares of Cinemark Holdings from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada set a $43.00 price target on shares of Cinemark Holdings and gave the company a “hold” rating in a research note on Sunday. J P Morgan Chase & Co dropped their price target on shares of Cinemark Holdings from $47.00 to $42.00 in a research note on Tuesday, August 22nd. BidaskClub cut shares of Cinemark Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, B. Riley reaffirmed a “buyl” rating on shares of Cinemark Holdings in a research report on Sunday, August 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $43.06.
In related news, CEO Mark Zoradi purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average price of $32.19 per share, for a total transaction of $160,950.00. Following the completion of the transaction, the chief executive officer now owns 172,456 shares in the company, valued at approximately $5,551,358.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.20% of the company’s stock.
Cinemark Holdings Inc (NYSE CNK) opened at 34.76 on Thursday. Cinemark Holdings Inc has a one year low of $32.03 and a one year high of $44.84. The firm has a market capitalization of $4.03 billion, a PE ratio of 14.85 and a beta of 1.06. The firm has a 50 day moving average of $35.74 and a 200 day moving average of $39.91.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. Equities analysts forecast that Cinemark Holdings Inc will post $2.11 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 31st were given a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.16 annualized dividend and a yield of 3.34%. Cinemark Holdings’s dividend payout ratio is currently 49.57%.
Cinemark Holdings 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.
Receive News & Ratings for Cinemark Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.