Kalos Management Inc. raised its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,613 shares of the company’s stock after purchasing an additional 1,281 shares during the period. Cinemark Holdings accounts for approximately 2.1% of Kalos Management Inc.’s investment portfolio, making the stock its 16th biggest position. Kalos Management Inc. owned approximately 0.05% of Cinemark Holdings worth $2,315,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in CNK. BlackRock Inc. raised its position in Cinemark Holdings by 13,956.8% during the 1st quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock worth $490,657,000 after purchasing an additional 10,987,085 shares during the last quarter. FMR LLC raised its position in Cinemark Holdings by 17.5% during the 2nd quarter. FMR LLC now owns 11,685,034 shares of the company’s stock worth $453,963,000 after purchasing an additional 1,742,861 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Cinemark Holdings by 5,955.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock worth $40,236,000 after purchasing an additional 1,085,334 shares during the last quarter. Jennison Associates LLC raised its position in Cinemark Holdings by 32.9% during the 2nd quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock worth $154,960,000 after purchasing an additional 988,361 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Cinemark Holdings by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock worth $399,198,000 after purchasing an additional 714,887 shares during the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on CNK. Royal Bank Of Canada reaffirmed a “hold” rating and set a $43.00 target price on shares of Cinemark Holdings in a research report on Wednesday, August 9th. B. Riley reaffirmed a “buyl” rating on shares of Cinemark Holdings in a research report on Sunday, August 13th. BidaskClub lowered Cinemark Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Morgan Stanley raised Cinemark Holdings from an “underweight” rating to an “equal weight” rating and set a $38.00 target price for the company in a research report on Thursday, October 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $44.00 target price on shares of Cinemark Holdings in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Cinemark Holdings has a consensus rating of “Hold” and a consensus price target of $42.07.
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Shares of Cinemark Holdings Inc (CNK) traded down 0.17% during mid-day trading on Wednesday, reaching $35.94. The company’s stock had a trading volume of 282,752 shares. The company’s 50-day moving average is $35.01 and its 200 day moving average is $38.93. Cinemark Holdings Inc has a 12 month low of $32.03 and a 12 month high of $44.84. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 15.36 and a beta of 1.10.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $751.20 million during the quarter, compared to the consensus estimate of $751.72 million. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. On average, equities analysts anticipate that Cinemark Holdings Inc will post $2.06 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 31st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Tuesday, August 29th. Cinemark Holdings’s payout ratio is currently 49.57%.
In related news, CEO Mark Zoradi purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $32.19 per share, with a total value of $160,950.00. Following the completion of the purchase, the chief executive officer now directly owns 172,456 shares in the company, valued at $5,551,358.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.10% of the stock is owned by corporate insiders.
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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