Advisors Asset Management Inc. held its stake in shares of Cinemark Holdings Inc. (NYSE:CNK) during the second quarter, Holdings Channel reports. The firm owned 2,800 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in Cinemark Holdings were worth $102,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Park National Corp OH purchased a new stake in shares of Cinemark Holdings during the second quarter worth $203,000. Opus Capital Group LLC boosted its stake in shares of Cinemark Holdings by 1.2% in the second quarter. Opus Capital Group LLC now owns 5,697 shares of the company’s stock worth $207,000 after buying an additional 68 shares during the last quarter. Princeton Alpha Management LP purchased a new stake in shares of Cinemark Holdings during the second quarter worth $223,000. Quantbot Technologies LP purchased a new stake in shares of Cinemark Holdings during the second quarter worth $228,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Cinemark Holdings by 64.7% in the second quarter. LS Investment Advisors LLC now owns 6,453 shares of the company’s stock worth $235,000 after buying an additional 2,535 shares during the last quarter. 88.53% of the stock is owned by institutional investors and hedge funds.
Cinemark Holdings Inc. (NYSE:CNK) traded up 0.40% during mid-day trading on Monday, hitting $39.72. The stock had a trading volume of 82,437 shares. The stock has a market cap of $4.59 billion, a P/E ratio of 21.25 and a beta of 1.01. The company has a 50 day moving average price of $38.45 and a 200 day moving average price of $36.51. Cinemark Holdings Inc. has a one year low of $26.56 and a one year high of $40.19.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $744.40 million for the quarter, compared to analyst estimates of $746.05 million. Cinemark Holdings had a return on equity of 19.68% and a net margin of 7.58%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, equities analysts anticipate that Cinemark Holdings Inc. will post $1.93 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Wednesday, August 31st were issued a $0.27 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.08 annualized dividend and a yield of 2.73%. Cinemark Holdings’s dividend payout ratio is currently 58.06%.
CNK has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Cinemark Holdings in a research note on Sunday, July 10th. Drexel Hamilton reaffirmed a “buy” rating on shares of Cinemark Holdings in a research note on Thursday, July 7th. MKM Partners lifted their price objective on Cinemark Holdings from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, July 25th. B. Riley reiterated a “buy” rating and issued a $47.00 target price on shares of Cinemark Holdings in a report on Tuesday, August 9th. Finally, Loop Capital initiated coverage on Cinemark Holdings in a report on Tuesday, August 23rd. They issued a “buy” rating and a $44.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.46.
About Cinemark Holdings
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
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