Nordea Investment Management AB Has $5.63 Million Stake in Cinemark Holdings Inc (CNK)
Nordea Investment Management AB lifted its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,453 shares of the company’s stock after purchasing an additional 3,965 shares during the period. Nordea Investment Management AB owned 0.13% of Cinemark worth $5,629,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. South Dakota Investment Council bought a new stake in shares of Cinemark during the 3rd quarter worth approximately $3,219,000. American International Group Inc. raised its stake in shares of Cinemark by 1.4% during the 3rd quarter. American International Group Inc. now owns 232,706 shares of the company’s stock worth $8,426,000 after purchasing an additional 3,323 shares in the last quarter. Horan Capital Advisors LLC. raised its stake in shares of Cinemark by 59.9% during the 3rd quarter. Horan Capital Advisors LLC. now owns 85,475 shares of the company’s stock worth $3,095,000 after purchasing an additional 32,014 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in shares of Cinemark by 10.2% during the 3rd quarter. Chartwell Investment Partners LLC now owns 108,200 shares of the company’s stock worth $3,917,000 after purchasing an additional 10,000 shares in the last quarter. Finally, First Dallas Securities Inc. bought a new stake in shares of Cinemark during the 3rd quarter worth approximately $616,000. Institutional investors own 94.63% of the company’s stock.
Shares of Cinemark Holdings Inc (CNK) opened at $35.85 on Friday. Cinemark Holdings Inc has a 12 month low of $32.03 and a 12 month high of $44.84. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $4,180.00, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.20 and a beta of 1.18.
Cinemark (NYSE:CNK) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The business had revenue of $710.70 million during the quarter, compared to the consensus estimate of $702.60 million. During the same quarter last year, the company posted $0.56 EPS. The firm’s revenue was down 7.5% on a year-over-year basis. equities analysts expect that Cinemark Holdings Inc will post 2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, November 30th. Cinemark’s dividend payout ratio is 54.98%.
In other news, CEO Mark Zoradi acquired 5,000 shares of the firm’s stock in a transaction 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 acquisition, the chief executive officer now directly owns 172,456 shares in the company, valued at approximately $5,551,358.64. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.20% of the company’s stock.
CNK has been the topic of a number of analyst reports. J P Morgan Chase & Co dropped their price objective on Cinemark from $47.00 to $42.00 in a research note on Tuesday, August 22nd. Piper Jaffray Companies restated a “buy” rating on shares of Cinemark in a research note on Sunday, September 17th. Wedbush restated a “buy” rating on shares of Cinemark in a research note on Monday, August 7th. B. Riley set a $48.00 price target on Cinemark and gave the company a “buy” rating in a research note on Saturday, August 5th. Finally, BidaskClub upgraded Cinemark from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Cinemark has an average rating of “Hold” and a consensus target price of $42.31.
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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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