Public Employees Retirement Association of Colorado cut its position in shares of Cinemark Holdings Inc. (NYSE:CNK) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,284 shares of the company’s stock after selling 5,276 shares during the period. Public Employees Retirement Association of Colorado owned about 0.30% of Cinemark Holdings worth $12,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its position in shares of Cinemark Holdings by 1.9% in the first quarter. State Street Corp now owns 2,872,665 shares of the company’s stock worth $102,927,000 after buying an additional 52,616 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Cinemark Holdings by 4.3% in the first quarter. Wellington Management Group LLP now owns 1,677,659 shares of the company’s stock worth $60,111,000 after buying an additional 68,571 shares during the last quarter. Hamlin Capital Management LLC raised its position in shares of Cinemark Holdings by 5.3% in the second quarter. Hamlin Capital Management LLC now owns 1,418,181 shares of the company’s stock worth $51,707,000 after buying an additional 71,337 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Cinemark Holdings by 231.2% in the first quarter. Squarepoint Ops LLC now owns 27,124 shares of the company’s stock worth $972,000 after buying an additional 18,935 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Cinemark Holdings by 0.4% in the first quarter. Teachers Advisors Inc. now owns 93,697 shares of the company’s stock worth $3,357,000 after buying an additional 404 shares during the last quarter. 88.53% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Cinemark Holdings (NYSE:CNK)

Cinemark Holdings Inc. (NYSE:CNK) traded up 0.58% during trading on Thursday, hitting $39.72. 228,913 shares of the company traded hands. Cinemark Holdings Inc. has a 12-month low of $26.56 and a 12-month high of $40.19. The stock has a 50 day moving average price of $38.60 and a 200 day moving average price of $36.59. The company has a market capitalization of $4.59 billion, a P/E ratio of 21.25 and a beta of 1.01.

Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The business earned $744.40 million during the quarter, compared to analyst estimates of $746.05 million. During the same period in the previous year, the business posted $0.61 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Cinemark Holdings Inc. will post $1.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Monday, August 29th. Cinemark Holdings’s dividend payout ratio (DPR) is presently 58.06%.

A number of brokerages have recently commented on CNK. Loop Capital reissued a “buy” rating and issued a $44.00 price objective on shares of Cinemark Holdings in a research report on Tuesday, October 4th. Wedbush reissued a “neutral” rating and issued a $40.00 price objective on shares of Cinemark Holdings in a research report on Thursday, September 22nd. B. Riley reissued a “buy” rating and issued a $47.00 price objective on shares of Cinemark Holdings in a research report on Sunday, August 14th. Wunderlich boosted their price objective on shares of Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Finally, Drexel Hamilton lowered shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 price objective on the stock. in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.46.

Cinemark Holdings Company Profile

Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.

5 Day Chart for NYSE:CNK

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