Great Lakes Advisors LLC lowered its position in shares of Cinemark Holdings Inc (NYSE:CNK) by 34.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,124 shares of the company’s stock after selling 54,116 shares during the period. Great Lakes Advisors LLC owned 0.09% of Cinemark Holdings worth $3,929,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CNK. BlackRock Inc. raised its position in Cinemark Holdings by 13,956.8% in the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock worth $490,657,000 after buying an additional 10,987,085 shares in the last quarter. FMR LLC raised its position in Cinemark Holdings by 83.9% in the first quarter. FMR LLC now owns 9,942,173 shares of the company’s stock worth $440,836,000 after buying an additional 4,534,853 shares in the last quarter. Jennison Associates LLC raised its position in Cinemark Holdings by 32.9% in the second quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock worth $154,960,000 after buying an additional 988,361 shares in the last quarter. Mawer Investment Management Ltd. raised its position in Cinemark Holdings by 42.3% in the first quarter. Mawer Investment Management Ltd. now owns 3,256,308 shares of the company’s stock worth $144,385,000 after buying an additional 967,579 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Cinemark Holdings by 8.6% in the first quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock worth $399,198,000 after buying an additional 714,887 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.
Cinemark Holdings Inc (NYSE CNK) opened at 33.35 on Friday. Cinemark Holdings Inc has a 52-week low of $32.85 and a 52-week high of $44.84. The firm has a 50-day moving average of $37.20 and a 200 day moving average of $40.66. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 14.25 and a beta of 1.03.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. Cinemark Holdings’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. On average, equities research analysts forecast that Cinemark Holdings Inc will post $2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st will be paid a $0.29 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 3.48%. Cinemark Holdings’s dividend payout ratio is currently 49.57%.
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CNK has been the topic of a number of research analyst reports. Credit Suisse Group lowered shares of Cinemark Holdings from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $38.00 to $34.00 in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Cinemark Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Moffett Nathanson lowered shares of Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective on the stock. in a research note on Monday, June 12th. ValuEngine lowered shares of Cinemark Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Morgan Stanley lowered their price objective on shares of Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating on the stock in a research note on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Cinemark Holdings presently has a consensus rating of “Hold” and a consensus target price of $43.06.
About Cinemark Holdings
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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