1492 Capital Management LLC purchased a new position in Cinemark Holdings, Inc. (NYSE:CNK) during the 4th quarter, Holdings Channel reports. The fund purchased 21,865 shares of the company’s stock, valued at approximately $761,000.
Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of Cinemark in the third quarter worth about $454,000. State of Alaska Department of Revenue acquired a new position in shares of Cinemark in the fourth quarter worth about $219,000. Mork Capital Management LLC acquired a new position in shares of Cinemark in the fourth quarter worth about $992,000. Jupiter Asset Management Ltd. lifted its stake in shares of Cinemark by 11.1% in the third quarter. Jupiter Asset Management Ltd. now owns 299,841 shares of the company’s stock worth $10,857,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in shares of Cinemark by 34.2% in the third quarter. Aperio Group LLC now owns 42,818 shares of the company’s stock worth $1,550,000 after acquiring an additional 10,905 shares in the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.
Several research analysts recently commented on the company. ValuEngine cut Cinemark from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut Cinemark from a “buy” rating to a “hold” rating in a research note on Monday. Barrington Research reiterated a “buy” rating and issued a $49.00 price target on shares of Cinemark in a research note on Friday, March 2nd. Royal Bank of Canada upgraded Cinemark from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $33.91 to $40.00 in a research note on Wednesday, January 10th. Finally, Morgan Stanley boosted their price target on Cinemark from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.46.
Shares of Cinemark Holdings, Inc. (NYSE:CNK) opened at $41.39 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $4,820.00, a PE ratio of 22.02, a P/E/G ratio of 1.16 and a beta of 0.94. Cinemark Holdings, Inc. has a fifty-two week low of $32.03 and a fifty-two week high of $44.84.
Cinemark (NYSE:CNK) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.35. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $745.92 million. Cinemark had a return on equity of 19.48% and a net margin of 8.83%. Cinemark’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. equities analysts anticipate that Cinemark Holdings, Inc. will post 2.37 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 7th. This is a positive change from Cinemark’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 3.09%. Cinemark’s dividend payout ratio is 68.09%.
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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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