Engineers Gate Manager LP acquired a new stake in shares of Cinemark Holdings Inc (NYSE:CNK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,115 shares of the company’s stock, valued at approximately $315,000.
Several other large investors also recently made changes to their positions in the company. BB&T Corp grew its stake in shares of Cinemark Holdings by 0.3% during the second quarter. BB&T Corp now owns 23,182 shares of the company’s stock valued at $900,000 after buying an additional 70 shares during the last quarter. Smithfield Trust Co. boosted its holdings in shares of Cinemark Holdings by 1.5% during the second quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock worth $223,000 after purchasing an additional 87 shares during the period. Atria Investments LLC boosted its holdings in shares of Cinemark Holdings by 1.6% during the second quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock worth $235,000 after purchasing an additional 96 shares during the period. Utah Retirement Systems boosted its holdings in shares of Cinemark Holdings by 0.5% during the second quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock worth $754,000 after purchasing an additional 100 shares during the period. Finally, First Midwest Bank Trust Division boosted its holdings in shares of Cinemark Holdings by 2.6% during the second quarter. First Midwest Bank Trust Division now owns 9,192 shares of the company’s stock worth $357,000 after purchasing an additional 235 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
Cinemark Holdings Inc (NYSE:CNK) opened at 36.41 on Tuesday. The company has a market cap of $4.22 billion, a P/E ratio of 15.56 and a beta of 1.06. Cinemark Holdings Inc has a 52 week low of $32.03 and a 52 week high of $44.84. The firm’s 50 day moving average is $35.33 and its 200-day moving average is $39.72.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The firm had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Cinemark Holdings Inc will post $2.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were given a $0.29 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 3.19%. Cinemark Holdings’s payout ratio is presently 49.57%.
A number of analysts have recently weighed in on CNK shares. Credit Suisse Group lowered shares of Cinemark Holdings from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $38.00 to $34.00 in a report on Thursday, June 22nd. Zacks Investment Research lowered shares of Cinemark Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. ValuEngine lowered shares of Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Moffett Nathanson lowered shares of Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 target price for the company. in a report on Monday, June 12th. Finally, Morgan Stanley lowered their price objective on shares of Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.80.
In other Cinemark Holdings news, CEO Mark Zoradi purchased 5,000 shares of the stock in a transaction dated Friday, September 8th. The stock was purchased at an average price of $32.19 per share, with a total value of $160,950.00. Following the transaction, the chief executive officer now owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.10% of the stock is currently owned by corporate insiders.
About Cinemark Holdings
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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