Swiss National Bank increased its position in Cinemark Holdings Inc (NYSE:CNK) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 181,200 shares of the company’s stock after purchasing an additional 8,300 shares during the quarter. Swiss National Bank owned approximately 0.16% of Cinemark Holdings worth $7,040,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its stake in Cinemark Holdings by 3.0% during the first quarter. Macquarie Group Ltd. now owns 1,538,047 shares of the company’s stock valued at $68,197,000 after buying an additional 44,210 shares during the last quarter. Soros Fund Management LLC purchased a new position in Cinemark Holdings during the first quarter valued at $310,000. Victory Capital Management Inc. raised its stake in Cinemark Holdings by 15.4% during the second quarter. Victory Capital Management Inc. now owns 187,598 shares of the company’s stock valued at $7,288,000 after buying an additional 25,083 shares during the last quarter. Ardevora Asset Management LLP raised its stake in Cinemark Holdings by 29.8% during the second quarter. Ardevora Asset Management LLP now owns 885,100 shares of the company’s stock valued at $34,386,000 after buying an additional 203,000 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in Cinemark Holdings by 1.2% during the first quarter. Mason Street Advisors LLC now owns 49,958 shares of the company’s stock valued at $2,215,000 after buying an additional 606 shares during the last quarter. Institutional investors own 90.16% of the company’s stock.
A number of brokerages have issued reports on CNK. Credit Suisse Group cut Cinemark Holdings from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $38.00 to $34.00 in a research note on Thursday, June 22nd. Moffett Nathanson cut Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective for the company. in a research note on Monday, June 12th. B. Riley reiterated a “buy” rating and set a $51.00 price objective on shares of Cinemark Holdings in a research note on Monday, July 31st. Barrington Research lowered their price objective on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, August 7th. Finally, Wedbush reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Monday, August 7th. Three investment 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. The company presently has a consensus rating of “Hold” and an average price target of $43.06.
Cinemark Holdings Inc (NYSE:CNK) opened at 35.50 on Friday. Cinemark Holdings Inc has a 1-year low of $32.03 and a 1-year high of $44.84. The stock has a market cap of $4.11 billion, a PE ratio of 15.17 and a beta of 1.06. The stock has a 50 day moving average price of $35.41 and a 200 day moving average price of $39.79.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The firm had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts predict that Cinemark Holdings Inc will post $2.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 3.27%. Cinemark Holdings’s dividend payout ratio is presently 49.57%.
In other Cinemark Holdings news, CEO Mark Zoradi acquired 5,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average price of $32.19 per share, for a total transaction of $160,950.00. Following the acquisition, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.20% of the company’s stock.
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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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