Credit Agricole S A lowered its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 0.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 18,638 shares of the company’s stock after selling 42 shares during the period. Credit Agricole S A’s holdings in Cinemark Holdings were worth $826,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in Cinemark Holdings during the fourth quarter valued at $522,000. Bessemer Group Inc. boosted its position in Cinemark Holdings by 1.7% in the fourth quarter. Bessemer Group Inc. now owns 4,277 shares of the company’s stock valued at $164,000 after buying an additional 73 shares during the period. Comerica Bank boosted its position in Cinemark Holdings by 5.9% in the fourth quarter. Comerica Bank now owns 80,031 shares of the company’s stock valued at $3,179,000 after buying an additional 4,426 shares during the period. Dimensional Fund Advisors LP boosted its position in Cinemark Holdings by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,099,830 shares of the company’s stock valued at $42,190,000 after buying an additional 59,348 shares during the period. Finally, Federated Investors Inc. PA boosted its position in Cinemark Holdings by 4.3% in the fourth quarter. Federated Investors Inc. PA now owns 58,098 shares of the company’s stock valued at $2,229,000 after buying an additional 2,413 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.
Cinemark Holdings Inc (CNK) opened at 38.65 on Tuesday. Cinemark Holdings Inc has a 12 month low of $32.60 and a 12 month high of $44.84. The firm’s 50-day moving average is $41.07 and its 200-day moving average is $41.55. The company has a market capitalization of $4.47 billion, a PE ratio of 16.31 and a beta of 1.01.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $779.60 million during the quarter, compared to analysts’ expectations of $750.75 million. Cinemark Holdings had a return on equity of 21.75% and a net margin of 9.23%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. Equities analysts anticipate that Cinemark Holdings Inc will post $2.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Thursday, June 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, June 6th. Cinemark Holdings’s dividend payout ratio is currently 49.15%.
Several research firms recently weighed in on CNK. Royal Bank Of Canada cut shares of Cinemark Holdings from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $43.00 to $45.00 in a research report on Monday, February 27th. B. Riley restated a “buy” rating and issued a $52.50 price objective on shares of Cinemark Holdings in a research report on Monday, February 27th. FBR & Co cut shares of Cinemark Holdings from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a research report on Monday, April 3rd. Moffett Nathanson cut shares of Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective on the stock. in a research report on Monday, June 12th. Finally, MKM Partners restated a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Cinemark Holdings in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Cinemark Holdings currently has a consensus rating of “Hold” and a consensus target price of $43.87.
In related news, insider Valmir Fernandes sold 6,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $43.53, for a total transaction of $261,180.00. Following the transaction, the insider now directly owns 85,505 shares of the company’s stock, valued at approximately $3,722,032.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.10% of the company’s stock.
Cinemark Holdings Company Profile
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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