Polaris Capital Management LLC Has $1,872,000 Holdings in Cinemark Holdings Inc (CNK)
Polaris Capital Management LLC continued to hold its position in shares of Cinemark Holdings Inc (NYSE:CNK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,191 shares of the company’s stock at the end of the 2nd quarter. Polaris Capital Management LLC’s holdings in Cinemark Holdings were worth $1,872,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kalos Management Inc. boosted its holdings in shares of Cinemark Holdings by 2.2% during the 2nd quarter. Kalos Management Inc. now owns 59,613 shares of the company’s stock valued at $2,315,000 after acquiring an additional 1,281 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Cinemark Holdings by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 31,704 shares of the company’s stock valued at $1,232,000 after acquiring an additional 530 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Cinemark Holdings during the 2nd quarter valued at $641,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Cinemark Holdings by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 252,081 shares of the company’s stock valued at $9,793,000 after acquiring an additional 2,131 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Cinemark Holdings by 2.2% during the 2nd quarter. State Street Corp now owns 2,850,679 shares of the company’s stock valued at $110,755,000 after acquiring an additional 62,519 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on the company. Credit Suisse Group downgraded Cinemark Holdings from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $38.00 to $34.00 in a report on Thursday, June 22nd. B. Riley reissued a “buy” rating and set a $51.00 price objective on shares of Cinemark Holdings in a report on Monday, July 31st. Barrington Research cut their price objective on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, August 7th. Wedbush reissued a “buy” rating on shares of Cinemark Holdings in a report on Monday, August 7th. Finally, Zacks Investment Research downgraded Cinemark Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Cinemark Holdings currently has a consensus rating of “Hold” and a consensus target price of $42.07.
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Cinemark Holdings Inc (NYSE:CNK) traded up 0.097% on Friday, hitting $36.135. The stock had a trading volume of 124,412 shares. The stock’s 50-day moving average is $35.15 and its 200-day moving average is $38.88. The company has a market cap of $4.19 billion, a P/E ratio of 15.442 and a beta of 1.10. Cinemark Holdings Inc has a 52-week low of $32.03 and a 52-week high of $44.84.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The company had revenue of $751.20 million during the quarter, compared to the consensus estimate of $751.72 million. During the same period in the prior year, the firm earned $0.46 earnings per share. Cinemark Holdings’s revenue was up .9% on a year-over-year basis. Analysts expect that Cinemark Holdings Inc will post $2.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 31st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, August 29th. Cinemark Holdings’s payout ratio is currently 49.57%.
In related news, CEO Mark Zoradi purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $32.19 per share, with a total value of $160,950.00. Following the completion of the purchase, the chief executive officer now directly owns 172,456 shares in the company, valued at $5,551,358.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.20% of the stock is 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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