Utah Retirement Systems boosted its position in Cinemark Holdings Inc (NYSE:CNK) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,400 shares of the company’s stock after acquiring an additional 100 shares during the period. Utah Retirement Systems’ holdings in Cinemark Holdings were worth $754,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CNK. BlackRock Inc. raised its stake in Cinemark Holdings by 13,956.8% in the 1st quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock valued at $490,657,000 after acquiring an additional 10,987,085 shares during the period. FMR LLC grew its holdings in Cinemark Holdings by 83.9% during the 1st quarter. FMR LLC now owns 9,942,173 shares of the company’s stock valued at $440,836,000 after buying an additional 4,534,853 shares in the last quarter. Jennison Associates LLC grew its holdings in Cinemark Holdings by 32.9% during the 2nd quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock valued at $154,960,000 after buying an additional 988,361 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in Cinemark Holdings by 42.3% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,256,308 shares of the company’s stock valued at $144,385,000 after buying an additional 967,579 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Cinemark Holdings by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock valued at $399,198,000 after buying an additional 714,887 shares in the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.
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Cinemark Holdings Inc (NYSE CNK) opened at 33.70 on Tuesday. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 14.40 and a beta of 1.06. Cinemark Holdings Inc has a one year low of $32.03 and a one year high of $44.84. The stock’s 50 day moving average price is $35.94 and its 200 day moving average price is $40.01.
Cinemark Holdings (NYSE:CNK) last issued its earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $751.20 million for the quarter, compared to the consensus estimate of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. Equities analysts predict that Cinemark Holdings Inc will post $2.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 31st will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date is Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio (DPR) is presently 49.57%.
In other Cinemark Holdings news, CEO Mark Zoradi bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average price of $32.83 per share, with a total value of $164,150.00. Following the purchase, the chief executive officer now owns 167,456 shares of the company’s stock, valued at $5,497,580.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is currently owned by company insiders.
A number of research firms have weighed in on CNK. BidaskClub raised Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Wedbush reaffirmed a “buy” rating on shares of Cinemark Holdings in a report on Monday, August 7th. Moffett Nathanson lowered Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 target price for the company. in a report on Monday, June 12th. B. Riley reaffirmed a “buyl” rating on shares of Cinemark Holdings in a report on Sunday, August 13th. Finally, J P Morgan Chase & Co reduced their target price on Cinemark Holdings from $47.00 to $42.00 in a report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Cinemark Holdings currently has an average rating of “Hold” and a consensus price target of $43.06.
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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