First Midwest Bank Trust Division Invests $254,000 in Cinemark Holdings Inc. (CNK)
First Midwest Bank Trust Division bought a new stake in shares of Cinemark Holdings Inc. (NYSE:CNK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,942 shares of the company’s stock, valued at approximately $254,000.
Other large investors also recently made changes to their positions in the company. Park National Corp OH acquired a new stake in Cinemark Holdings during the second quarter valued at about $203,000. LS Investment Advisors LLC increased its stake in Cinemark Holdings by 64.7% in the second quarter. LS Investment Advisors LLC now owns 6,453 shares of the company’s stock valued at $235,000 after buying an additional 2,535 shares in the last quarter. Credit Agricole S A acquired a new stake in Cinemark Holdings during the first quarter valued at about $264,000. First Dallas Securities Inc. increased its stake in Cinemark Holdings by 4.4% in the second quarter. First Dallas Securities Inc. now owns 8,363 shares of the company’s stock valued at $305,000 after buying an additional 350 shares in the last quarter. Finally, Aviance Capital Management LLC raised its position in shares of Cinemark Holdings by 14.2% in the second quarter. Aviance Capital Management LLC now owns 9,685 shares of the company’s stock valued at $353,000 after buying an additional 1,207 shares during the last quarter. Institutional investors and hedge funds own 88.53% of the company’s stock.
Cinemark Holdings Inc. (NYSE:CNK) traded down 0.18% during mid-day trading on Friday, hitting $39.56. The stock had a trading volume of 558,218 shares. The stock has a 50 day moving average of $38.45 and a 200-day moving average of $36.51. Cinemark Holdings Inc. has a 1-year low of $26.56 and a 1-year high of $39.88. The firm has a market cap of $4.57 billion, a P/E ratio of 21.17 and a beta of 1.01.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by $0.05. The firm earned $744.40 million during the quarter, compared to analyst estimates of $746.05 million. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The company’s revenue was down 6.9% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. Analysts predict that Cinemark Holdings Inc. will post $1.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Wednesday, August 31st were issued a $0.27 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.08 annualized dividend and a yield of 2.73%. Cinemark Holdings’s dividend payout ratio (DPR) is 58.06%.
Several research analysts have recently commented on the company. Loop Capital reiterated a “buy” rating and issued a $44.00 target price on shares of Cinemark Holdings in a research report on Tuesday. Wedbush reiterated a “neutral” rating and issued a $40.00 target price on shares of Cinemark Holdings in a research report on Thursday, September 22nd. B. Riley reiterated a “buy” rating and issued a $47.00 target price on shares of Cinemark Holdings in a research report on Sunday, August 14th. Wunderlich lifted their target price on Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Finally, Drexel Hamilton lowered Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.46.
About Cinemark Holdings
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.
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 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.