7,216 Shares in Cinemark Holdings, Inc. (CNK) Acquired by We Are One Seven LLC
We Are One Seven LLC purchased a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,216 shares of the company’s stock, valued at approximately $290,000.
Other large investors also recently bought and sold shares of the company. Bruderman Asset Management LLC boosted its stake in shares of Cinemark by 76.6% during the 2nd quarter. Bruderman Asset Management LLC now owns 4,000 shares of the company’s stock worth $140,000 after acquiring an additional 1,735 shares during the period. Itau Unibanco Holding S.A. boosted its stake in shares of Cinemark by 413.6% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 6,898 shares of the company’s stock worth $242,000 after acquiring an additional 5,555 shares during the period. GSA Capital Partners LLP bought a new position in shares of Cinemark during the 2nd quarter worth approximately $266,000. Point72 Hong Kong Ltd boosted its stake in shares of Cinemark by 453.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 7,880 shares of the company’s stock worth $276,000 after acquiring an additional 6,457 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. bought a new position in shares of Cinemark during the 3rd quarter worth approximately $326,000. 99.60% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. B. Riley reiterated a “buy” rating on shares of Cinemark in a research note on Monday, August 6th. ValuEngine upgraded Cinemark from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Barrington Research reiterated a “buy” rating and set a $47.00 target price on shares of Cinemark in a research note on Monday, August 13th. Wedbush set a $43.00 target price on Cinemark and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, Morgan Stanley reduced their target price on Cinemark from $42.00 to $39.00 and set a “$34.56” rating for the company in a research note on Monday, July 23rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cinemark presently has an average rating of “Buy” and a consensus target price of $42.75.
Cinemark (NYSE:CNK) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The firm 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 business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. On average, research analysts expect that Cinemark Holdings, Inc. will post 1.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $1.28 annualized dividend and a yield of 3.21%. Cinemark’s dividend payout ratio (DPR) is presently 56.64%.
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.
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