O Shares Investment Advisers LLC lowered its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 10.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,699 shares of the company’s stock after selling 1,178 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Cinemark were worth $388,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CNK. Trexquant Investment LP boosted its holdings in shares of Cinemark by 197.4% in the first quarter. Trexquant Investment LP now owns 24,471 shares of the company’s stock valued at $979,000 after buying an additional 16,243 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Cinemark in the first quarter valued at approximately $2,689,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Cinemark by 5.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 122,899 shares of the company’s stock valued at $4,915,000 after buying an additional 6,112 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Cinemark by 34.8% in the first quarter. The Manufacturers Life Insurance Company now owns 438,182 shares of the company’s stock valued at $17,522,000 after buying an additional 113,200 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Cinemark by 235.2% in the first quarter. Neuberger Berman Group LLC now owns 160,761 shares of the company’s stock valued at $6,429,000 after buying an additional 112,797 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.
Shares of CNK stock traded up $0.28 during trading on Thursday, reaching $38.28. The company’s stock had a trading volume of 8,432 shares, compared to its average volume of 837,255. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 2.18. The firm has a market cap of $4.47 billion, a PE ratio of 20.84, a P/E/G ratio of 1.07 and a beta of 0.83. Cinemark Holdings, Inc. has a one year low of $34.03 and a one year high of $43.51.
Cinemark (NYSE:CNK) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $714.70 million for the quarter, compared to analyst estimates of $688.51 million. Cinemark had a net margin of 5.85% and a return on equity of 12.61%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts predict that Cinemark Holdings, Inc. will post 2.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, June 7th. Cinemark’s dividend payout ratio is presently 74.32%.
In other news, insider Valmir Fernandes sold 4,033 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $43.00, for a total value of $173,419.00. Following the sale, the insider now owns 114,961 shares of the company’s stock, valued at $4,943,323. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.00% of the company’s stock.
Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Cinemark from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research cut shares of Cinemark from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Finally, Wedbush set a $46.00 price target on shares of Cinemark and gave the company a “buy” rating in a report on Friday, February 22nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Cinemark has an average rating of “Buy” and a consensus price target of $44.67.
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.
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