Atlantic Trust Group LLC decreased its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 47.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,896 shares of the company’s stock after selling 12,514 shares during the period. Atlantic Trust Group LLC’s holdings in Cinemark Holdings were worth $616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNK. Credit Suisse AG boosted its position in Cinemark Holdings by 842.5% in the third quarter. Credit Suisse AG now owns 1,666,182 shares of the company’s stock worth $63,781,000 after buying an additional 1,489,400 shares during the period. FMR LLC boosted its position in Cinemark Holdings by 25.0% in the fourth quarter. FMR LLC now owns 5,407,320 shares of the company’s stock worth $207,425,000 after buying an additional 1,082,798 shares during the period. 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 buying an additional 967,579 shares during the period. Norges Bank purchased a new position in Cinemark Holdings during the fourth quarter worth $32,487,000. Finally, Empire Life Investments Inc. purchased a new position in Cinemark Holdings during the fourth quarter worth $20,908,000. Institutional investors and hedge funds own 90.73% of the company’s stock.

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

Cinemark Holdings, Inc. (NYSE:CNK) traded up 2.87% on Monday, hitting $40.49. 869,663 shares of the stock were exchanged. Cinemark Holdings, Inc. has a 52-week low of $32.60 and a 52-week high of $44.84. The stock’s 50 day moving average price is $42.44 and its 200 day moving average price is $41.63. The firm has a market cap of $4.69 billion, a PE ratio of 17.08 and a beta of 0.97.

Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $779.60 million for the quarter, compared to analyst estimates of $750.75 million. Cinemark Holdings had a net margin of 8.06% and a return on equity of 20.75%. Cinemark Holdings’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. Equities research analysts forecast that Cinemark Holdings, Inc. will post $2.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be issued a $0.29 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $1.16 annualized dividend and a yield of 2.86%. Cinemark Holdings’s dividend payout ratio (DPR) is currently 53.47%.

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A number of research analysts have weighed in on CNK shares. Wunderlich cut shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research report on Wednesday, March 22nd. Royal Bank of Canada cut shares of Cinemark Holdings from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $43.00 to $45.00 in a research report on Monday, February 27th. Goldman Sachs Group Inc cut shares of Cinemark Holdings from a “conviction-buy” rating to a “buy” rating and set a $49.00 price objective on the stock. in a research report on Monday, April 10th. B. Riley boosted their price objective on shares of Cinemark Holdings to $52.20 in a research report on Friday, February 17th. Finally, Wedbush reiterated a “neutral” rating and set a $45.00 price objective (up previously from $43.00) on shares of Cinemark Holdings in a research report on Friday, April 7th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.13.

In related news, insider Valmir Fernandes sold 6,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $43.53, for a total value of $261,180.00. Following the sale, the insider now directly owns 85,505 shares in the company, valued at approximately $3,722,032.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tom Owens sold 8,475 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $44.00, for a total transaction of $372,900.00. Following the completion of the sale, the executive vice president now owns 54,720 shares in the company, valued at $2,407,680. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,139 shares of company stock worth $2,115,894. 9.20% of the stock is owned by insiders.

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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