California State Teachers Retirement System boosted its stake in Cinemark Holdings Inc (NYSE:CNK) by 0.9% during the third quarter, Holdings Channel reports. The firm owned 226,103 shares of the company’s stock after buying an additional 2,000 shares during the period. California State Teachers Retirement System owned about 0.20% of Cinemark Holdings worth $8,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNK. Advisor Group Inc. purchased a new position in Cinemark Holdings during the second quarter valued at approximately $121,000. Bessemer Group Inc. boosted its position in Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock valued at $122,000 after buying an additional 1,672 shares during the period. Cantab Capital Partners LLP purchased a new position in Cinemark Holdings during the second quarter valued at approximately $161,000. Tower Research Capital LLC TRC boosted its position in Cinemark Holdings by 403.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,780 shares of the company’s stock valued at $211,000 after buying an additional 4,631 shares during the period. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Cinemark Holdings during the third quarter valued at approximately $223,000. Hedge funds and other institutional investors own 88.34% of the company’s stock.

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

Shares of Cinemark Holdings Inc (NYSE:CNK) traded up 0.56% during midday trading on Friday, hitting $39.48. 14,291 shares of the company traded hands. The stock has a market capitalization of $4.56 billion, a P/E ratio of 19.45 and a beta of 0.97. Cinemark Holdings Inc has a 12-month low of $26.56 and a 12-month high of $42.56. The stock’s 50-day moving average is $39.40 and its 200 day moving average is $38.75.

Cinemark Holdings (NYSE:CNK) last announced its earnings results on Tuesday, November 8th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $768.60 million for the quarter, compared to analyst estimates of $776.40 million. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. On average, analysts expect that Cinemark Holdings Inc will post $1.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Wednesday, November 30th. Cinemark Holdings’s dividend payout ratio (DPR) is currently 53.47%.

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Several research analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of Cinemark Holdings from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, November 14th. RBC Capital Markets restated an “outperform” rating and issued a $43.00 target price (up previously from $42.00) on shares of Cinemark Holdings in a research report on Monday, November 14th. Benchmark Co. restated a “hold” rating and issued a $35.94 target price on shares of Cinemark Holdings in a research report on Wednesday, November 9th. Loop Capital restated a “buy” rating and issued a $44.00 target price on shares of Cinemark Holdings in a research report on Tuesday, October 4th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Cinemark Holdings from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Monday, October 31st. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.13.

In other Cinemark Holdings news, EVP Michael Cavalier sold 5,525 shares of the firm’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $39.23, for a total value of $216,745.75. Following the completion of the sale, the executive vice president now owns 166,528 shares in the company, valued at approximately $6,532,893.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tom Owens sold 3,100 shares of the firm’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $39.02, for a total transaction of $120,962.00. Following the completion of the sale, the executive vice president now owns 74,950 shares of the company’s stock, valued at approximately $2,924,549. The disclosure for this sale can be found here. Corporate insiders own 9.20% of the company’s stock.

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.

5 Day Chart for NYSE:CNK

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