Davy Asset Management Ltd acquired a new stake in Cinemark Holdings, Inc. (NYSE:CNK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,891 shares of the company’s stock, valued at approximately $803,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bruderman Asset Management LLC boosted its position in Cinemark by 76.6% in the 2nd quarter. Bruderman Asset Management LLC now owns 4,000 shares of the company’s stock valued at $140,000 after buying an additional 1,735 shares during the period. Blair William & Co. IL boosted its position in Cinemark by 6.4% in the 1st quarter. Blair William & Co. IL now owns 31,906 shares of the company’s stock valued at $1,202,000 after buying an additional 1,929 shares during the period. Xact Kapitalforvaltning AB boosted its position in Cinemark by 14.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,332 shares of the company’s stock valued at $573,000 after buying an additional 2,000 shares during the period. Alpine Woods Capital Investors LLC boosted its position in Cinemark by 5.9% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 36,000 shares of the company’s stock valued at $1,263,000 after buying an additional 2,000 shares during the period. Finally, Arizona State Retirement System boosted its position in Cinemark by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 73,780 shares of the company’s stock valued at $2,588,000 after buying an additional 2,093 shares during the period. 99.36% of the stock is owned by institutional investors.

NYSE:CNK opened at $38.35 on Tuesday. Cinemark Holdings, Inc. has a one year low of $32.60 and a one year high of $44.00. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.43 and a quick ratio of 1.39. The stock has a market capitalization of $4.48 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.99.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.05). The business had revenue of $889.05 million during the quarter, compared to the consensus estimate of $897.68 million. Cinemark had a net margin of 8.86% and a return on equity of 19.49%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. research analysts forecast that Cinemark Holdings, Inc. will post 1.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $1.28 annualized dividend and a dividend yield of 3.34%. Cinemark’s dividend payout ratio (DPR) is presently 56.64%.

Several research firms have issued reports on CNK. B. Riley reissued a “buy” rating on shares of Cinemark in a research report on Monday, August 6th. ValuEngine raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Barrington Research reissued a “buy” rating and issued a $47.00 price objective on shares of Cinemark in a research report on Monday, August 13th. Wedbush set a $43.00 price target on shares of Cinemark and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Morgan Stanley reduced their price target on shares of Cinemark from $42.00 to $39.00 and set a “$34.56” rating for the company in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Cinemark presently has a consensus rating of “Hold” and a consensus target price of $41.59.

Cinemark Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of June 30, 2018, the company operated 539 theatres and 5,998 screens.

Featured Article: Intrinsic Value

Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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