Westpac Banking Corp maintained its position in Cinemark Holdings Inc. (NYSE:CNK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,700 shares of the company’s stock at the end of the second quarter. Westpac Banking Corp owned 0.15% of Cinemark Holdings worth $6,515,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Park National Corp OH bought a new position in Cinemark Holdings during the second quarter worth approximately $203,000. Advance Capital I Inc. acquired a new stake in shares of Cinemark Holdings during the second quarter worth $204,000. 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 acquired a new stake in shares of Cinemark Holdings during the second quarter worth $223,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Cinemark Holdings during the second quarter worth $228,000. Institutional investors and hedge funds own 88.52% of the company’s stock.
Cinemark Holdings Inc. (NYSE:CNK) traded down 0.21% on Tuesday, hitting $38.21. 22,023 shares of the stock were exchanged. The company has a 50 day moving average of $38.09 and a 200 day moving average of $36.14. Cinemark Holdings Inc. has a one year low of $26.56 and a one year high of $39.45. The stock has a market capitalization of $4.42 billion, a P/E ratio of 20.44 and a beta of 1.04.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. The business had revenue of $744.40 million for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.61 earnings per share. On average, equities research analysts forecast that Cinemark Holdings Inc. will post $1.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Wednesday, August 31st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Monday, August 29th. Cinemark Holdings’s dividend payout ratio (DPR) is 58.06%.
A number of brokerages recently weighed in on CNK. MKM Partners raised their target price on shares of Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Wunderlich raised their target price on shares of Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, August 12th. B. Riley restated a “buy” rating and set a $47.00 target price on shares of Cinemark Holdings in a report on Tuesday, August 9th. Loop Capital began coverage on shares of Cinemark Holdings in a report on Tuesday, August 23rd. They set a “buy” rating and a $44.00 target price for the company. Finally, Drexel Hamilton cut shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price 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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