Emerald Advisers Inc. PA reduced its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 6.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 60,762 shares of the company’s stock after selling 4,427 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Cinemark were worth $2,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNK. Advisor Group Inc. grew its position in shares of Cinemark by 2.3% in the 2nd quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after acquiring an additional 84 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Cinemark by 7.8% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 22,020 shares of the company’s stock valued at $855,000 after acquiring an additional 1,600 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Cinemark by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,290,534 shares of the company’s stock valued at $50,135,000 after acquiring an additional 50,300 shares during the period. Balyasny Asset Management LLC bought a new position in shares of Cinemark in the 2nd quarter valued at about $352,000. Finally, Shelton Capital Management bought a new position in shares of Cinemark in the 2nd quarter valued at about $307,000. 91.90% of the stock is owned by institutional investors.

Shares of Cinemark Holdings, Inc. (NYSE:CNK) opened at $37.08 on Friday. The company has a market cap of $4,230.08, a PE ratio of 17.38, a P/E/G ratio of 1.01 and a beta of 1.15. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.46 and a current ratio of 1.50. Cinemark Holdings, Inc. has a twelve month low of $32.03 and a twelve month high of $44.84.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $710.70 million for the quarter, compared to the consensus estimate of $702.60 million. Cinemark had a return on equity of 18.43% and a net margin of 8.36%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. analysts forecast that Cinemark Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

CNK has been the subject of a number of analyst reports. MKM Partners decreased their price objective on shares of Cinemark to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Wedbush set a $42.00 price objective on shares of Cinemark and gave the company a “buy” rating in a research report on Monday, October 30th. B. Riley reissued a “buy” rating and issued a $47.00 price objective on shares of Cinemark in a research report on Tuesday, December 5th. Zacks Investment Research raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Royal Bank of Canada raised shares of Cinemark from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $33.91 to $40.00 in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.61.

In related news, Director Lee Roy Mitchell sold 299,700 shares of Cinemark stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $36.43, for a total transaction of $10,918,071.00. Following the completion of the sale, the director now owns 5,528,843 shares of the company’s stock, valued at approximately $201,415,750.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tom Owens sold 9,213 shares of Cinemark stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the sale, the executive vice president now directly owns 42,722 shares of the company’s stock, valued at approximately $1,537,992. The disclosure for this sale can be found here. Insiders have sold a total of 483,820 shares of company stock valued at $17,672,093 in the last ninety days. 9.20% of the stock is currently owned by insiders.

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Cinemark 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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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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