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.
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.
ILLEGAL ACTIVITY NOTICE: “State of Alaska Department of Revenue Purchases Shares of 6,300 Cinemark Holdings, Inc. (CNK)” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://sportsperspectives.com/2018/02/08/state-of-alaska-department-of-revenue-purchases-shares-of-6300-cinemark-holdings-inc-cnk.html.
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.
Want to see what other hedge funds are holding CNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cinemark Holdings, Inc. (NYSE:CNK).
Receive News & Ratings for Cinemark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark and related companies with MarketBeat.com's FREE daily email newsletter.