First Dallas Securities Inc. raised its stake in Cinemark Holdings Inc. (NYSE:CNK) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 8,363 shares of the company’s stock after buying an additional 350 shares during the period. First Dallas Securities Inc.’s holdings in Cinemark Holdings were worth $305,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of Cinemark Holdings by 1.9% in the first quarter. State Street Corp now owns 2,872,665 shares of the company’s stock valued at $102,927,000 after buying an additional 52,616 shares in the last quarter. Wellington Management Group LLP increased its stake in Cinemark Holdings by 4.3% in the first quarter. Wellington Management Group LLP now owns 1,677,659 shares of the company’s stock worth $60,111,000 after buying an additional 68,571 shares during the period. Squarepoint Ops LLC increased its stake in Cinemark Holdings by 231.2% in the first quarter. Squarepoint Ops LLC now owns 27,124 shares of the company’s stock worth $972,000 after buying an additional 18,935 shares during the period. Teachers Advisors Inc. increased its stake in Cinemark Holdings by 0.4% in the first quarter. Teachers Advisors Inc. now owns 93,697 shares of the company’s stock worth $3,357,000 after buying an additional 404 shares during the period. Finally, BlueMountain Capital Management LLC increased its stake in Cinemark Holdings by 240.8% in the first quarter. BlueMountain Capital Management LLC now owns 29,292 shares of the company’s stock worth $1,050,000 after buying an additional 20,697 shares during the period. Institutional investors and hedge funds own 88.53% of the company’s stock.
Cinemark Holdings Inc. (NYSE:CNK) traded up 0.71% during trading on Tuesday, hitting $38.23. 299,776 shares of the stock were exchanged. The stock has a 50 day moving average price of $38.26 and a 200-day moving average price of $36.31. Cinemark Holdings Inc. has a 12-month low of $26.56 and a 12-month high of $39.45. The firm has a market capitalization of $4.42 billion, a PE ratio of 20.45 and a beta of 1.04.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The business earned $744.40 million during the quarter, compared to the consensus estimate of $746.05 million. During the same period in the previous year, the business posted $0.61 earnings per share. Cinemark Holdings’s revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Cinemark Holdings Inc. will post $1.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Wednesday, August 31st were paid a $0.27 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.08 dividend on an annualized basis and a yield of 2.83%. Cinemark Holdings’s payout ratio is presently 58.06%.
CNK has been the subject of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Cinemark Holdings in a research report on Friday, June 10th. Credit Suisse Group AG initiated coverage on Cinemark Holdings in a research report on Monday, June 13th. They issued a “neutral” rating and a $33.00 target price for the company. Drexel Hamilton restated a “buy” rating on shares of Cinemark Holdings in a research report on Thursday, July 7th. JPMorgan Chase & Co. restated a “buy” rating on shares of Cinemark Holdings in a research report on Sunday, July 10th. Finally, Wedbush restated a “neutral” rating and issued a $40.00 target price on shares of Cinemark Holdings in a research report on Friday, July 15th. One investment 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’s stock. Cinemark Holdings currently has an average 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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