Captrust Financial Advisors decreased its position in Cinemark Holdings, Inc. (NYSE:CNK) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,265 shares of the company’s stock after selling 735 shares during the period. Captrust Financial Advisors’ holdings in Cinemark were worth $439,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CNK. BlackRock Inc. increased its stake in Cinemark by 7.0% in the fourth quarter. BlackRock Inc. now owns 12,314,087 shares of the company’s stock valued at $440,843,000 after purchasing an additional 808,848 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Cinemark by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 4,381,965 shares of the company’s stock valued at $176,155,000 after purchasing an additional 205,898 shares in the last quarter. CI Investments Inc. increased its stake in Cinemark by 1.6% in the third quarter. CI Investments Inc. now owns 2,852,873 shares of the company’s stock valued at $114,685,000 after purchasing an additional 44,450 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Cinemark by 0.5% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,334,131 shares of the company’s stock valued at $83,562,000 after purchasing an additional 11,488 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Cinemark by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,821,728 shares of the company’s stock valued at $65,217,000 after purchasing an additional 34,887 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.
NYSE:CNK opened at $40.12 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 1.38. The stock has a market cap of $4.70 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.77. Cinemark Holdings, Inc. has a one year low of $33.36 and a one year high of $43.24.
Cinemark (NYSE:CNK) last posted its earnings results on Friday, February 22nd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.28). The business had revenue of $798.48 million for the quarter, compared to the consensus estimate of $767.97 million. Cinemark had a return on equity of 14.59% and a net margin of 6.64%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, equities analysts predict that Cinemark Holdings, Inc. will post 2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, March 7th. This is an increase from Cinemark’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 3.39%. Cinemark’s payout ratio is presently 74.32%.
Several research firms have weighed in on CNK. Wedbush reaffirmed a “buy” rating and issued a $46.00 price target on shares of Cinemark in a research note on Wednesday, January 30th. Zacks Investment Research downgraded shares of Cinemark from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. ValuEngine downgraded shares of Cinemark from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Imperial Capital reaffirmed an “outperform” rating and issued a $47.00 price target (up from $46.00) on shares of Cinemark in a research note on Monday, January 7th. Finally, Loop Capital began coverage on shares of Cinemark in a research note on Thursday, January 31st. They issued a “hold” rating and a $41.00 price target for the company. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Cinemark currently has a consensus rating of “Buy” and a consensus price target of $43.70.
Cinemark Company Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of September 30, 2018, it operated 541 theatres with 6,014 screens in 41 states of the United States, Brazil, Argentina, and 13 other Latin American countries. The company was incorporated in 2006 and is headquartered in Plano, Texas.
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