State of Alaska Department of Revenue Purchases Shares of 6,300 Cinemark Holdings, Inc. (CNK)

State of Alaska Department of Revenue purchased a new stake in Cinemark Holdings, Inc. (NYSE:CNK) during the 4th quarter, Holdings Channel reports. The firm purchased 6,300 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new stake in shares of Cinemark during the 4th quarter valued at $1,522,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Cinemark by 6.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 742,927 shares of the company’s stock valued at $25,869,000 after buying an additional 44,238 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Cinemark by 0.5% during the 4th quarter. Bank of Montreal Can now owns 477,615 shares of the company’s stock valued at $16,630,000 after buying an additional 2,264 shares in the last quarter. Skylands Capital LLC bought a new stake in shares of Cinemark during the 4th quarter valued at $1,847,000. Finally, Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of Cinemark during the 4th quarter valued at $1,832,000. Institutional investors and hedge funds own 91.90% of the company’s stock.

A number of analysts have recently commented on the stock. Royal Bank of Canada upgraded shares of Cinemark from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $33.91 to $40.00 in a report on Wednesday, January 10th. B. Riley restated a “buy” rating and set a $47.00 target price on shares of Cinemark in a report on Tuesday, December 5th. Wedbush set a $42.00 target price on shares of Cinemark and gave the company a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Cinemark from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Thursday, February 1st. Finally, Morgan Stanley boosted their target price on shares of Cinemark from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Cinemark has an average rating of “Hold” and an average target price of $41.61.

In other Cinemark news, EVP Tom Owens sold 9,213 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the sale, the executive vice president now directly owns 42,722 shares in the company, valued at approximately $1,537,992. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lee Roy Mitchell sold 174,607 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $36.72, for a total value of $6,411,569.04. Following the sale, the director now owns 5,528,843 shares of the company’s stock, valued at $203,019,114.96. The disclosure for this sale can be found here. In the last three months, insiders sold 483,820 shares of company stock valued at $17,672,093. 9.20% of the stock is owned by insiders.

Cinemark Holdings, Inc. (CNK) opened at $36.32 on Thursday. Cinemark Holdings, Inc. has a 52-week low of $32.03 and a 52-week high of $44.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46. The firm has a market capitalization of $4,206.78, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.00 and a beta of 1.15.

Cinemark (NYSE:CNK) last issued its earnings results on Friday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). Cinemark had a return on equity of 18.43% and a net margin of 8.36%. The business had revenue of $710.70 million during the quarter, compared to analysts’ expectations of $702.60 million. During the same period last year, the firm posted $0.56 EPS. Cinemark’s quarterly revenue was down 7.5% compared to the same quarter last year. equities analysts forecast that Cinemark Holdings, Inc. will post 1.92 earnings per share for the current year.

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Cinemark 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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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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