Stifel Financial Corp reduced its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 24.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,584 shares of the company’s stock after selling 27,061 shares during the quarter. Stifel Financial Corp owned 0.07% of Cinemark Holdings worth $3,290,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in CNK. Advisor Group Inc. raised its position in Cinemark Holdings by 2.3% during the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after acquiring an additional 84 shares in the last quarter. Quantbot Technologies LP purchased a new position in Cinemark Holdings during the second quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cinemark Holdings by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock valued at $147,000 after acquiring an additional 330 shares in the last quarter. Advisors Asset Management Inc. raised its position in Cinemark Holdings by 224.8% during the second quarter. Advisors Asset Management Inc. now owns 4,752 shares of the company’s stock valued at $185,000 after acquiring an additional 3,289 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Cinemark Holdings during the first quarter valued at approximately $213,000. Institutional investors own 90.13% of the company’s stock.
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Shares of Cinemark Holdings Inc (CNK) opened at 35.91 on Thursday. The stock has a 50 day moving average price of $35.06 and a 200-day moving average price of $38.90. The stock has a market capitalization of $4.16 billion, a PE ratio of 15.35 and a beta of 1.10. Cinemark Holdings Inc has a 52-week low of $32.03 and a 52-week high of $44.84.
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, hitting analysts’ consensus estimates of $0.44. The business had revenue of $751.20 million during 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 company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. On average, equities research analysts anticipate that Cinemark Holdings Inc will post $2.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio (DPR) is 49.57%.
Several brokerages recently weighed in on CNK. BidaskClub upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Wedbush reiterated a “buy” rating on shares of Cinemark Holdings in a research report on Monday, August 7th. B. Riley reiterated a “buyl” rating on shares of Cinemark Holdings in a research report on Sunday, August 13th. Piper Jaffray Companies reiterated a “buy” rating on shares of Cinemark Holdings in a research report on Sunday, September 17th. Finally, J P Morgan Chase & Co reduced their price target on Cinemark Holdings from $47.00 to $42.00 in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.07.
In other Cinemark Holdings news, CEO Mark Zoradi bought 5,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was acquired at an average cost of $32.19 per share, with a total value of $160,950.00. Following the purchase, the chief executive officer now owns 172,456 shares in the company, valued at approximately $5,551,358.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.20% of the company’s stock.
Cinemark Holdings 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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