Cinemark Holdings, Inc. (CNK) Position Lifted by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. grew its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 8.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 65,325 shares of the company’s stock after acquiring an additional 5,312 shares during the quarter. Bahl & Gaynor Inc. owned about 0.06% of Cinemark worth $2,461,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cinemark by 54.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,862 shares of the company’s stock valued at $204,000 after buying an additional 2,070 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Cinemark in the fourth quarter valued at $219,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Cinemark in the fourth quarter valued at $228,000. We Are One Seven LLC acquired a new stake in shares of Cinemark in the fourth quarter valued at $230,000. Finally, Sciencast Management LP acquired a new stake in shares of Cinemark in the fourth quarter valued at $279,000. Institutional investors own 98.01% of the company’s stock.

Several brokerages have recently weighed in on CNK. Royal Bank of Canada upped their price objective on Cinemark to $46.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Piper Jaffray Companies set a $47.00 price objective on Cinemark and gave the company a “buy” rating in a report on Friday, February 23rd. ValuEngine lowered Cinemark from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research lowered Cinemark from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Finally, Barrington Research reaffirmed a “buy” rating and set a $49.00 target price on shares of Cinemark in a research report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.05.



Shares of Cinemark opened at $35.52 on Friday, MarketBeat.com reports. The firm has a market cap of $4.07 billion, a PE ratio of 15.72, a P/E/G ratio of 1.08 and a beta of 0.95. The company has a current ratio of 1.53, a quick ratio of 1.48 and a debt-to-equity ratio of 1.37. Cinemark Holdings, Inc. has a 12-month low of $32.03 and a 12-month high of $44.00.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Wednesday, May 9th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.11). The business had revenue of $780.00 million for the quarter, compared to analyst estimates of $758.47 million. Cinemark had a net margin of 8.24% and a return on equity of 17.72%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. equities research analysts predict that Cinemark Holdings, Inc. will post 2.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, June 7th. Cinemark’s payout ratio is 56.64%.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of December 31, 2017, the company operated 533 theatres and 5,959 screens.

Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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