River Road Asset Management LLC increased its stake in Cinemark Holdings Inc (NYSE:CNK) by 16.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,269,850 shares of the company’s stock after purchasing an additional 317,029 shares during the quarter. Cinemark Holdings comprises about 1.6% of River Road Asset Management LLC’s portfolio, making the stock its 8th biggest holding. River Road Asset Management LLC owned 1,948,870.95% of Cinemark Holdings worth $82,191,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in Cinemark Holdings by 0.4% in the third quarter. Principal Financial Group Inc. now owns 451,004 shares of the company’s stock worth $16,331,000 after purchasing an additional 1,639 shares during the period. Hodges Capital Management Inc. acquired a new stake in Cinemark Holdings in the third quarter worth about $6,689,000. Cable Hill Partners LLC lifted its holdings in Cinemark Holdings by 3,300.0% in the third quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock worth $107,000 after purchasing an additional 2,871 shares during the period. Victory Capital Management Inc. lifted its holdings in Cinemark Holdings by 1,771.5% in the third quarter. Victory Capital Management Inc. now owns 3,510,900 shares of the company’s stock worth $127,129,000 after purchasing an additional 3,323,302 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in Cinemark Holdings in the third quarter worth about $410,000. 92.61% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Mark Zoradi bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of $32.19 per share, for a total transaction of $160,950.00. Following the completion of the purchase, the chief executive officer now owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.20% of the company’s stock.
Shares of Cinemark Holdings Inc (CNK) traded up $0.64 during trading on Friday, reaching $33.69. The company’s stock had a trading volume of 1,546,893 shares, compared to its average volume of 1,083,112. Cinemark Holdings Inc has a 52-week low of $32.03 and a 52-week high of $44.84. The company has a market capitalization of $3,850.00, a PE ratio of 16.41, a P/E/G ratio of 1.13 and a beta of 1.18. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Cinemark Holdings had a return on equity of 18.43% and a net margin of 8.36%. The business had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. During the same quarter last year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. analysts expect that Cinemark Holdings Inc will post 2.02 EPS for the current year.
Several equities research analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $51.00 price target on shares of Cinemark Holdings in a research report on Monday, July 31st. Barrington Research dropped their price target on shares of Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Wedbush restated a “buy” rating on shares of Cinemark Holdings in a report on Monday, August 7th. ValuEngine downgraded Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $43.00 price objective on shares of Cinemark Holdings in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.31.
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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.
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