Squarepoint Ops LLC reduced its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 76.8% in the 4th quarter, Holdings Channel reports. The firm owned 159,509 shares of the company’s stock after selling 529,052 shares during the quarter. Squarepoint Ops LLC’s holdings in Cinemark were worth $5,710,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BB&T Corp increased its position in Cinemark by 5.4% during the fourth quarter. BB&T Corp now owns 5,891 shares of the company’s stock worth $211,000 after purchasing an additional 302 shares during the last quarter. Eqis Capital Management Inc. increased its position in Cinemark by 2.2% during the fourth quarter. Eqis Capital Management Inc. now owns 20,290 shares of the company’s stock worth $726,000 after purchasing an additional 429 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Cinemark by 2.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 25,300 shares of the company’s stock worth $906,000 after purchasing an additional 500 shares during the last quarter. Advisor Group Inc. increased its position in Cinemark by 10.6% during the fourth quarter. Advisor Group Inc. now owns 5,267 shares of the company’s stock worth $188,000 after purchasing an additional 506 shares during the last quarter. Finally, National Asset Management Inc. increased its position in Cinemark by 7.0% during the fourth quarter. National Asset Management Inc. now owns 8,437 shares of the company’s stock worth $303,000 after purchasing an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.

Shares of CNK opened at $39.84 on Monday. Cinemark Holdings, Inc. has a 1-year low of $33.36 and a 1-year high of $43.24. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.16 and a beta of 0.77. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 1.38.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Friday, February 22nd. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.28). Cinemark had a net margin of 6.64% and a return on equity of 14.59%. The company had revenue of $798.48 million for the quarter, compared to analyst estimates of $767.97 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. Cinemark’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Cinemark Holdings, Inc. will post 2.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Cinemark’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.41%. Cinemark’s dividend payout ratio (DPR) is currently 74.32%.

Several equities research analysts recently issued reports on CNK shares. Zacks Investment Research upgraded shares of Cinemark from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, November 28th. Wedbush restated a “buy” rating and set a $46.00 price objective on shares of Cinemark in a research report on Wednesday, January 30th. ValuEngine upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a research report on Tuesday, December 11th. Loop Capital started coverage on shares of Cinemark in a research report on Thursday, January 31st. They set a “hold” rating and a $41.00 price target for the company. Finally, Imperial Capital reiterated an “outperform” rating and set a $47.00 price target (up from $46.00) on shares of Cinemark in a research report on Monday, January 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Cinemark currently has an average rating of “Buy” and an average target price of $43.70.

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Cinemark Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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