Cinemark Holdings Inc $CNK Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 53.2% during the first quarter, HoldingsChannel reports. The firm owned 376,632 shares of the company’s stock after purchasing an additional 130,785 shares during the quarter. Janus Henderson Group PLC’s holdings in Cinemark were worth $10,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNK. State of New Jersey Common Pension Fund D acquired a new position in Cinemark in the fourth quarter valued at about $1,661,000. UBS Group AG increased its position in Cinemark by 49.8% during the fourth quarter. UBS Group AG now owns 1,100,402 shares of the company’s stock worth $25,573,000 after buying an additional 365,630 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of Cinemark by 80.1% during the first quarter. GHP Investment Advisors Inc. now owns 41,764 shares of the company’s stock worth $1,191,000 after buying an additional 18,579 shares during the period. Saber Capital Managment LLC purchased a new stake in shares of Cinemark during the fourth quarter worth approximately $6,300,000. Finally, WINTON GROUP Ltd lifted its stake in shares of Cinemark by 635.9% in the 4th quarter. WINTON GROUP Ltd now owns 177,734 shares of the company’s stock worth $4,131,000 after acquiring an additional 153,582 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have commented on CNK. The Goldman Sachs Group raised Cinemark from a “sell” rating to a “neutral” rating and raised their target price for the company from $23.00 to $30.00 in a report on Wednesday, July 8th. Benchmark increased their price objective on Cinemark from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Barrington Research set a $42.00 price target on Cinemark in a report on Thursday, July 30th. Roth Capital set a $40.00 price objective on shares of Cinemark in a research note on Thursday, July 30th. Finally, B. Riley Financial increased their target price on shares of Cinemark from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Cinemark Price Performance

NYSE CNK opened at $38.00 on Wednesday. The stock’s 50-day moving average is $32.02 and its two-hundred day moving average is $28.75. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.84 and a quick ratio of 0.81. Cinemark Holdings Inc has a fifty-two week low of $21.60 and a fifty-two week high of $38.98. The firm has a market cap of $4.40 billion, a P/E ratio of 22.48 and a beta of 1.00.

Cinemark (NYSE:CNK) last announced its earnings results on Thursday, July 30th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.16. Cinemark had a return on equity of 50.94% and a net margin of 6.44%.The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts anticipate that Cinemark Holdings Inc will post 2.32 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 28th. Cinemark’s dividend payout ratio is presently 21.30%.

Cinemark Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.