Cinemark Holdings Inc (NYSE:CNK) Stake Held by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC maintained its position in Cinemark Holdings Inc (NYSE:CNK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,150 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Cinemark Holdings were worth $552,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNK. Macquarie Group Ltd. boosted its position in Cinemark Holdings by 3.0% in the first quarter. Macquarie Group Ltd. now owns 1,538,047 shares of the company’s stock valued at $68,197,000 after buying an additional 44,210 shares during the period. Soros Fund Management LLC purchased a new position in Cinemark Holdings during the first quarter valued at approximately $310,000. Mawer Investment Management Ltd. boosted its position in Cinemark Holdings by 42.3% in the first quarter. Mawer Investment Management Ltd. now owns 3,256,308 shares of the company’s stock valued at $144,385,000 after buying an additional 967,579 shares during the period. Russell Investments Group Ltd. purchased a new position in Cinemark Holdings during the fourth quarter valued at approximately $522,000. Finally, First Midwest Bank Trust Division boosted its position in Cinemark Holdings by 19.8% in the first quarter. First Midwest Bank Trust Division now owns 8,957 shares of the company’s stock valued at $397,000 after buying an additional 1,480 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.
Shares of Cinemark Holdings Inc (NYSE CNK) traded down 2.19% during mid-day trading on Thursday, reaching $37.06. 546,900 shares of the company were exchanged. The stock has a market capitalization of $4.29 billion, a P/E ratio of 15.84 and a beta of 1.03. Cinemark Holdings Inc has a 12 month low of $36.95 and a 12 month high of $44.84. The firm has a 50-day moving average price of $38.34 and a 200 day moving average price of $41.26.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. Equities research analysts anticipate that Cinemark Holdings Inc will post $2.16 EPS for the current fiscal year.
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Several research analysts have commented on CNK shares. Royal Bank Of Canada upped their target price on shares of Cinemark Holdings from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Monday, April 17th. Credit Suisse Group cut shares of Cinemark Holdings from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $38.00 to $34.00 in a report on Thursday, June 22nd. Morgan Stanley decreased their price objective on shares of Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Thursday, July 6th. Wedbush upgraded shares of Cinemark Holdings from a “neutral” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, July 26th. Finally, Moffett Nathanson cut shares of Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective for the company. in a report on Monday, June 12th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Cinemark Holdings has an average rating of “Hold” and a consensus price target of $43.00.
In related news, insider Valmir Fernandes sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $43.53, for a total transaction of $261,180.00. Following the completion of the transaction, the insider now owns 85,505 shares in the company, valued at $3,722,032.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.20% of the stock is currently owned by insiders.
About Cinemark Holdings
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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