Saber Capital Managment LLC Makes New Investment in Cinemark Holdings Inc $CNK

Saber Capital Managment LLC acquired a new stake in Cinemark Holdings Inc (NYSE:CNK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 271,085 shares of the company’s stock, valued at approximately $6,300,000. Cinemark makes up about 5.3% of Saber Capital Managment LLC’s portfolio, making the stock its 6th largest position. Saber Capital Managment LLC owned approximately 0.23% of Cinemark at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CNK. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Cinemark by 20.1% in the third quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock valued at $83,000 after acquiring an additional 506 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Cinemark in the fourth quarter valued at approximately $83,000. GAMMA Investing LLC boosted its holdings in shares of Cinemark by 51.8% in the fourth quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock valued at $93,000 after acquiring an additional 1,372 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Cinemark in the fourth quarter valued at approximately $102,000.

Cinemark Stock Up 0.1%

CNK stock opened at $33.84 on Monday. Cinemark Holdings Inc has a 12 month low of $21.60 and a 12 month high of $34.40. The firm has a market cap of $3.95 billion, a PE ratio of 29.94 and a beta of 1.00. The firm has a 50 day simple moving average of $29.00 and a 200 day simple moving average of $26.51. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.62 and a quick ratio of 0.58.

Cinemark (NYSE:CNK) last released its earnings results on Friday, May 1st. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The business had revenue of $643.10 million for the quarter, compared to analyst estimates of $632.74 million. During the same period in the prior year, the company earned ($0.32) earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts forecast that Cinemark Holdings Inc will post 2.16 earnings per share for the current fiscal year.

Cinemark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 28th. Cinemark’s dividend payout ratio is 31.86%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CNK. JPMorgan Chase & Co. increased their price objective on shares of Cinemark from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company increased their price objective on shares of Cinemark from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Zacks Research cut shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “sell” rating and issued a $22.00 price objective on shares of Cinemark in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.31.

About Cinemark

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.