Cinemark Holdings Inc (CNK) Shares Sold by Nicholas Company Inc.
Nicholas Company Inc. decreased its stake in Cinemark Holdings Inc (NYSE:CNK) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,400 shares of the company’s stock after selling 50 shares during the quarter. Nicholas Company Inc. owned approximately 0.14% of Cinemark Holdings worth $6,464,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nationwide Fund Advisors grew its position in shares of Cinemark Holdings by 0.8% in the second quarter. Nationwide Fund Advisors now owns 354,553 shares of the company’s stock valued at $13,774,000 after purchasing an additional 2,715 shares during the period. Ameriprise Financial Inc. grew its position in shares of Cinemark Holdings by 18.4% in the second quarter. Ameriprise Financial Inc. now owns 661,266 shares of the company’s stock valued at $25,683,000 after purchasing an additional 102,779 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Cinemark Holdings by 24.9% in the second quarter. TIAA CREF Investment Management LLC now owns 426,450 shares of the company’s stock valued at $16,568,000 after purchasing an additional 84,913 shares during the period. Teachers Advisors LLC grew its position in shares of Cinemark Holdings by 111.1% in the second quarter. Teachers Advisors LLC now owns 232,558 shares of the company’s stock valued at $9,035,000 after purchasing an additional 122,391 shares during the period. Finally, Riverhead Capital Management LLC grew its position in shares of Cinemark Holdings by 137.5% in the second quarter. Riverhead Capital Management LLC now owns 11,398 shares of the company’s stock valued at $443,000 after purchasing an additional 6,598 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.
CNK has been the topic of several research analyst reports. Barrington Research dropped their target price on shares of Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Wedbush lifted their target price on shares of Cinemark Holdings from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, July 4th. Credit Suisse Group lowered shares of Cinemark Holdings from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $38.00 to $34.00 in a research report on Thursday, June 22nd. Morgan Stanley dropped their target price on shares of Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating on the stock in a research report on Thursday, July 6th. Finally, ValuEngine lowered shares of Cinemark Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.06.
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Cinemark Holdings Inc (CNK) opened at 35.50 on Friday. The stock has a 50 day moving average of $35.41 and a 200 day moving average of $39.79. Cinemark Holdings Inc has a 1-year low of $32.03 and a 1-year high of $44.84. The stock has a market capitalization of $4.11 billion, a P/E ratio of 15.17 and a beta of 1.06.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $751.20 million for 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 firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. On average, analysts expect that Cinemark Holdings Inc will post $2.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 31st were paid a $0.29 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.27%. Cinemark Holdings’s payout ratio is 49.57%.
In other Cinemark Holdings news, CEO Mark Zoradi acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average cost of $32.19 per share, with a total value of $160,950.00. Following the purchase, the chief executive officer now owns 172,456 shares in the company, valued at $5,551,358.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.20% of the stock is currently owned by corporate insiders.
Cinemark Holdings 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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