Cinemark Holdings Inc (CNK) Shares Bought by Partners Value Investments LP
Partners Value Investments LP raised its position in Cinemark Holdings Inc (NYSE:CNK) by 46.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,000 shares of the company’s stock after buying an additional 23,000 shares during the period. Cinemark Holdings accounts for about 0.5% of Partners Value Investments LP’s holdings, making the stock its 19th largest position. Partners Value Investments LP owned 0.06% of Cinemark Holdings worth $2,836,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of CNK. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cinemark Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock worth $147,000 after buying an additional 330 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Cinemark Holdings by 224.8% in the second quarter. Advisors Asset Management Inc. now owns 4,752 shares of the company’s stock worth $185,000 after buying an additional 3,289 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in Cinemark Holdings during the first quarter worth approximately $200,000. Oppenheimer Asset Management Inc. acquired a new position in Cinemark Holdings during the first quarter worth approximately $213,000. Finally, Smithfield Trust Co. boosted its position in Cinemark Holdings by 1.5% in the second quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock worth $223,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.
Shares of Cinemark Holdings Inc (CNK) traded up 2.19% during midday trading on Friday, reaching $34.02. 2,080,971 shares of the company’s stock traded hands. Cinemark Holdings Inc has a 12 month low of $32.85 and a 12 month high of $44.84. The stock has a 50-day moving average price of $36.58 and a 200 day moving average price of $40.34. The firm has a market cap of $3.94 billion, a PE ratio of 14.54 and a beta of 1.07.
Cinemark Holdings (NYSE:CNK) last released its earnings results on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The firm had revenue of $751.20 million during the quarter, compared to the consensus estimate of $751.72 million. During the same period in the prior year, the firm earned $0.46 EPS. The company’s revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Cinemark Holdings Inc will post $2.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio is currently 49.57%.
A number of equities analysts recently commented on CNK shares. J P Morgan Chase & Co reduced their price target on Cinemark Holdings from $47.00 to $42.00 in a report on Tuesday, August 22nd. Wedbush reiterated a “buy” rating on shares of Cinemark Holdings in a report on Monday, August 7th. B. Riley set a $48.00 price target on Cinemark Holdings and gave the stock a “buy” rating in a report on Saturday, August 5th. ValuEngine upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Finally, BidaskClub upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.06.
In related news, CEO Mark Zoradi bought 5,000 shares of Cinemark Holdings stock in a transaction dated Monday, August 28th. The stock was purchased 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 $5,497,580.48. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.20% of the stock is owned by corporate 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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