Cinemark Holdings Inc (CNK) Director Lee Roy Mitchell Sells 174,607 Shares of Stock

Cinemark Holdings Inc (NYSE:CNK) Director Lee Roy Mitchell sold 174,607 shares of Cinemark stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $36.72, for a total value of $6,411,569.04. Following the sale, the director now directly owns 5,528,843 shares of the company’s stock, valued at $203,019,114.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lee Roy Mitchell also recently made the following trade(s):

  • On Thursday, December 14th, Lee Roy Mitchell sold 299,700 shares of Cinemark stock. The shares were sold at an average price of $36.43, for a total value of $10,918,071.00.
  • On Tuesday, December 5th, Lee Roy Mitchell sold 300 shares of Cinemark stock. The shares were sold at an average price of $35.95, for a total value of $10,785.00.

Cinemark Holdings Inc (NYSE CNK) traded up $0.17 during trading hours on Friday, reaching $36.12. 665,900 shares of the company’s stock were exchanged, compared to its average volume of 1,094,746. The firm has a market capitalization of $4,186.98, a price-to-earnings ratio of 17.20, a PEG ratio of 1.22 and a beta of 1.18. Cinemark Holdings Inc has a 52-week low of $32.03 and a 52-week high of $44.84. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.46 and a current ratio of 1.50.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). Cinemark had a return on equity of 18.43% and a net margin of 8.36%. The company had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. Cinemark’s revenue for the quarter was down 7.5% on a year-over-year basis. analysts expect that Cinemark Holdings Inc will post 1.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, November 30th. Cinemark’s dividend payout ratio is 54.98%.

CNK has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and set a $44.00 price target on shares of Cinemark in a research note on Thursday, October 5th. Morgan Stanley raised Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price target on the stock in a research note on Thursday, October 5th. Royal Bank of Canada reduced their price target on Cinemark from $43.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday, September 25th. MKM Partners restated a “buy” rating and set a $46.00 price objective on shares of Cinemark in a report on Monday, September 18th. Finally, Credit Suisse Group lowered their price target on Cinemark from $34.00 to $30.00 and set an “underperform” rating for the company in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.31.

A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in shares of Cinemark by 60.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,397 shares of the company’s stock valued at $248,000 after purchasing an additional 2,415 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Cinemark by 2.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 63,728 shares of the company’s stock valued at $2,474,000 after purchasing an additional 1,363 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Cinemark by 15.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 37,900 shares of the company’s stock valued at $1,472,000 after purchasing an additional 5,200 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Cinemark by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 646,394 shares of the company’s stock worth $25,113,000 after buying an additional 28,502 shares during the period. Finally, Arizona State Retirement System boosted its position in Cinemark by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 44,700 shares of the company’s stock worth $1,737,000 after buying an additional 700 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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About Cinemark

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.

Insider Buying and Selling by Quarter for Cinemark (NYSE:CNK)

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