Cinemark Holdings Inc (NYSE:CNK) CEO Mark Zoradi purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average cost of $32.83 per share, with a total value of $164,150.00. Following the transaction, the chief executive officer now directly owns 167,456 shares of the company’s stock, valued at approximately $5,497,580.48. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Mark Zoradi also recently made the following trade(s):
- On Friday, September 8th, Mark Zoradi acquired 5,000 shares of Cinemark Holdings stock. The shares were bought at an average price of $32.19 per share, for a total transaction of $160,950.00.
Cinemark Holdings Inc (NYSE:CNK) traded up 1.62% during mid-day trading on Wednesday, hitting $34.40. 260,021 shares of the stock were exchanged. Cinemark Holdings Inc has a 12-month low of $32.03 and a 12-month high of $44.84. The firm has a 50-day moving average price of $35.87 and a 200-day moving average price of $39.97. The stock has a market capitalization of $3.98 billion, a P/E ratio of 14.70 and a beta of 1.06.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Equities analysts predict that Cinemark Holdings Inc will post $2.11 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 31st will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 3.43%. Cinemark Holdings’s payout ratio is 49.57%.
Several large investors have recently made changes to their positions in CNK. BlackRock Inc. boosted its position in shares of Cinemark Holdings by 13,956.8% during the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock valued at $490,657,000 after buying an additional 10,987,085 shares during the last quarter. FMR LLC boosted 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 purchasing an additional 4,534,853 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Cinemark Holdings by 5,955.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock worth $40,236,000 after purchasing an additional 1,085,334 shares during the last quarter. Jennison Associates LLC boosted 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 purchasing an additional 988,361 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted 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 purchasing an additional 967,579 shares during the last quarter. 90.16% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Cinemark Holdings from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada set a $43.00 target price on shares of Cinemark Holdings and gave the stock a “hold” rating in a report on Sunday. J P Morgan Chase & Co dropped their target price on shares of Cinemark Holdings from $47.00 to $42.00 in a report on Tuesday, August 22nd. BidaskClub cut shares of Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, B. Riley reaffirmed a “buyl” rating on shares of Cinemark Holdings in a report on Sunday, August 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Cinemark Holdings presently has an average rating of “Hold” and an average target price of $43.06.
Cinemark Holdings Company Profile
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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