30,647 Shares in Cinemark Holdings Inc $CNK Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new position in Cinemark Holdings Inc (NYSE:CNK) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 30,647 shares of the company’s stock, valued at approximately $972,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Cinemark by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 507 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Cinemark during the 4th quarter valued at $83,000. KBC Group NV grew its holdings in shares of Cinemark by 56.9% during 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 last quarter. Kestra Advisory Services LLC purchased a new position in Cinemark in the 4th quarter worth $102,000. Finally, GAMMA Investing LLC raised its position in Cinemark by 10.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,982 shares of the company’s stock worth $158,000 after purchasing an additional 462 shares during the period.

Analyst Ratings Changes

Several analysts have issued reports on the stock. B. Riley Financial upped their price target on shares of Cinemark from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Wedbush lifted their price objective on Cinemark from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Roth Capital set a $40.00 price objective on Cinemark in a report on Thursday, July 30th. Benchmark boosted their target price on Cinemark from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company increased their target price on Cinemark from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cinemark presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.93.

Cinemark Trading Down 1.1%

Shares of CNK opened at $36.70 on Friday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 21.71 and a beta of 1.00. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 3.87. The firm has a fifty day simple moving average of $34.05 and a two-hundred day simple moving average of $30.31. Cinemark Holdings Inc has a twelve month low of $21.60 and a twelve month high of $38.98.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.16. Cinemark had a net margin of 6.44% and a return on equity of 50.94%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm earned $0.63 EPS. The company’s revenue was up 15.5% on a year-over-year basis. On average, research analysts anticipate that Cinemark Holdings Inc will post 2.36 EPS for the current year.

Cinemark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. Cinemark’s dividend payout ratio (DPR) 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.