Cinemark Holdings Inc (CNK) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. cut its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 860,707 shares of the company’s stock after selling 165,674 shares during the quarter. Goldman Sachs Group Inc. owned 0.74% of Cinemark Holdings worth $33,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in CNK. BlackRock Inc. lifted its position in Cinemark Holdings by 13,956.8% during the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock valued at $490,657,000 after purchasing an additional 10,987,085 shares during the last quarter. FMR LLC lifted its position in Cinemark Holdings by 17.5% during the second quarter. FMR LLC now owns 11,685,034 shares of the company’s stock valued at $453,963,000 after purchasing an additional 1,742,861 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Cinemark Holdings by 5,955.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock valued at $40,236,000 after purchasing an additional 1,085,334 shares during the last quarter. Jennison Associates LLC lifted its position in Cinemark Holdings by 32.9% during the second quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock valued at $154,960,000 after purchasing an additional 988,361 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Cinemark Holdings by 8.6% during the first quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock valued at $399,198,000 after purchasing an additional 714,887 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.
Cinemark Holdings Inc (NYSE CNK) opened at 36.26 on Tuesday. The stock has a market capitalization of $4.20 billion, a P/E ratio of 15.50 and a beta of 1.10. The firm’s 50 day moving average is $34.96 and its 200 day moving average is $38.98. Cinemark Holdings Inc has a 1-year low of $32.03 and a 1-year high of $44.84.
Cinemark Holdings (NYSE:CNK) last posted its earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $751.20 million during the quarter, compared to the consensus estimate of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Cinemark Holdings Inc will post $2.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.20%. Cinemark Holdings’s dividend payout ratio is currently 49.57%.
CNK has been the subject of several research analyst reports. Royal Bank Of Canada set a $43.00 target price on shares of Cinemark Holdings and gave the company a “hold” rating in a research report on Sunday, September 10th. Credit Suisse Group dropped their target price on shares of Cinemark Holdings from $34.00 to $30.00 and set an “underperform” rating for the company in a research report on Thursday, September 28th. Wedbush reiterated an “outperform” rating and set a $44.00 target price on shares of Cinemark Holdings in a research report on Thursday, October 5th. J P Morgan Chase & Co dropped their target price on shares of Cinemark Holdings from $47.00 to $42.00 in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded shares of Cinemark Holdings from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Cinemark Holdings presently has an average rating of “Hold” and a consensus price target of $42.07.
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In other news, CEO Mark Zoradi bought 5,000 shares of the stock in a transaction dated Monday, August 28th. The stock was purchased at an average cost of $32.83 per share, for a total transaction of $164,150.00. Following the transaction, the chief executive officer now owns 167,456 shares of the company’s stock, valued at $5,497,580.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 9.10% 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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