Axa raised its holdings in shares of Cinemark Holdings Inc (NYSE:CNK) by 1,227.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 504,240 shares of the company’s stock after purchasing an additional 466,250 shares during the period. Axa owned 0.44% of Cinemark Holdings worth $19,590,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. BB&T Corp increased its stake in shares of Cinemark Holdings by 0.3% during the second quarter. BB&T Corp now owns 23,182 shares of the company’s stock valued at $900,000 after purchasing an additional 70 shares in the last quarter. Smithfield Trust Co. increased its stake in shares of Cinemark Holdings by 1.5% during the second quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock valued at $223,000 after purchasing an additional 87 shares in the last quarter. Atria Investments LLC increased its stake in shares of Cinemark Holdings by 1.6% during the second quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock valued at $235,000 after purchasing an additional 96 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Cinemark Holdings by 0.5% during the second quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock valued at $754,000 after purchasing an additional 100 shares in the last quarter. Finally, First Midwest Bank Trust Division increased its stake in shares of Cinemark Holdings by 2.6% during the second quarter. First Midwest Bank Trust Division now owns 9,192 shares of the company’s stock valued at $357,000 after purchasing an additional 235 shares in the last quarter. 90.16% of the stock is owned by institutional investors and hedge funds.
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CNK has been the subject of a number of analyst reports. J P Morgan Chase & Co decreased their target price on shares of Cinemark Holdings from $47.00 to $42.00 in a research note on Tuesday, August 22nd. Wedbush reissued a “buy” rating on shares of Cinemark Holdings in a research report on Monday, August 7th. B. Riley set a $48.00 price target on shares of Cinemark Holdings and gave the company a “buy” rating in a research report on Saturday, August 5th. ValuEngine raised shares of Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, BidaskClub raised shares of Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $43.06.
Shares of Cinemark Holdings Inc (NYSE:CNK) opened at 32.47 on Friday. Cinemark Holdings Inc has a 52-week low of $32.03 and a 52-week high of $44.84. The company has a market cap of $3.76 billion, a P/E ratio of 13.88 and a beta of 1.06. The firm has a 50-day moving average of $36.01 and a 200-day moving average of $40.08.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The business had revenue of $751.20 million for the quarter, compared to analyst estimates of $751.72 million. During the same quarter in the prior year, the business posted $0.46 EPS. Cinemark Holdings’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that Cinemark Holdings Inc will post $2.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.57%. Cinemark Holdings’s payout ratio is 49.57%.
In related news, CEO Mark Zoradi purchased 5,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were acquired at an average price of $32.83 per share, for a total transaction of $164,150.00. Following the purchase, the chief executive officer now owns 167,456 shares of the company’s stock, valued at approximately $5,497,580.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.20% of the company’s stock.
About Cinemark Holdings
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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