Cinemark Holdings Inc $CNK Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 113.9% during the 1st quarter, Holdings Channel reports. The fund owned 162,635 shares of the company’s stock after purchasing an additional 86,585 shares during the quarter. Sei Investments Co.’s holdings in Cinemark were worth $4,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in Cinemark by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 507 shares during the period. Leonteq Securities AG acquired a new stake in shares of Cinemark during the 4th quarter worth approximately $83,000. Kestra Advisory Services LLC purchased a new position in shares of Cinemark during the 4th quarter valued at approximately $102,000. Bayforest Capital Ltd purchased a new position in shares of Cinemark during the 4th quarter valued at approximately $121,000. Finally, KBC Group NV lifted its stake in shares of Cinemark by 56.9% in the 1st quarter. KBC Group NV now owns 4,334 shares of the company’s stock valued at $124,000 after purchasing an additional 1,572 shares during the period.

Cinemark Stock Performance

NYSE CNK opened at $37.76 on Thursday. The company has a market cap of $4.38 billion, a PE ratio of 22.34 and a beta of 1.00. The stock’s 50 day simple moving average is $32.24 and its 200-day simple moving average is $28.84. Cinemark Holdings Inc has a 1-year low of $21.60 and a 1-year high of $38.98. 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 (NYSE:CNK) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.19 EPS for the quarter, topping 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 analysts’ expectations of $1.03 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts anticipate that Cinemark Holdings Inc will post 2.34 EPS for the current fiscal year.

Cinemark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.36 annualized dividend and a yield of 1.0%. Cinemark’s dividend payout ratio is presently 21.30%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wedbush increased their price target on shares of Cinemark from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Guggenheim set a $37.00 price objective on shares of Cinemark in a report on Thursday, July 2nd. Benchmark upped their price objective on shares of Cinemark from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. The Goldman Sachs Group raised shares of Cinemark from a “sell” rating to a “neutral” rating and increased their target price for the stock from $23.00 to $30.00 in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $40.00 target price on shares of Cinemark in a research report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.