Cinemark Holdings Inc. (NYSE:CNK) was down 2% during mid-day trading on Wednesday . The stock traded as low as $34.90 and last traded at $35.08, with a volume of 424,902 shares traded. The stock had previously closed at $35.79.

Several equities research analysts have issued reports on CNK shares. B. Riley cut Cinemark Holdings from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.25 to $41.75 in a research note on Wednesday, March 30th. MKM Partners raised their target price on Cinemark Holdings from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, April 25th. Drexel Hamilton reissued a “buy” rating on shares of Cinemark Holdings in a research note on Wednesday, April 6th. Moffett Nathanson cut Cinemark Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, March 17th. Finally, Zacks Investment Research cut Cinemark Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.95.

The firm has a market capitalization of $4.07 billion and a P/E ratio of 17.61. The stock has a 50 day moving average price of $34.91 and a 200 day moving average price of $33.43.

Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm earned $704.90 million during the quarter, compared to analysts’ expectations of $698.06 million. During the same period in the previous year, the company earned $0.37 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts predict that Cinemark Holdings Inc. will post $2.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $1.08 dividend on an annualized basis and a yield of 3.07%.

In other Cinemark Holdings news, insider Valmir Fernandes sold 17,983 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $35.78, for a total value of $643,431.74. Following the completion of the transaction, the insider now directly owns 79,645 shares of the company’s stock, valued at approximately $2,849,698.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Several institutional investors recently modified their holdings of the company. Trexquant Investment LP boosted its position in shares of Cinemark Holdings by 26.3% in the fourth quarter. Trexquant Investment LP now owns 79,698 shares of the company’s stock valued at $2,664,000 after buying an additional 16,585 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of Cinemark Holdings by 4.8% in the fourth quarter. Hodges Capital Management Inc. now owns 1,175,926 shares of the company’s stock valued at $39,311,000 after buying an additional 53,600 shares during the last quarter. Polaris Capital Management LLC boosted its position in shares of Cinemark Holdings by 11.6% in the fourth quarter. Polaris Capital Management LLC now owns 48,191 shares of the company’s stock valued at $1,611,000 after buying an additional 5,000 shares during the last quarter. Atlantic Trust Group LLC boosted its position in shares of Cinemark Holdings by 81.6% in the fourth quarter. Atlantic Trust Group LLC now owns 36,645 shares of the company’s stock valued at $1,225,000 after buying an additional 16,470 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Cinemark Holdings by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 328,443 shares of the company’s stock valued at $10,979,000 after buying an additional 8,785 shares during the last quarter.

Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.

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