Mark Zoradi Purchases 5,000 Shares of Cinemark Holdings Inc (CNK) Stock
Cinemark Holdings Inc (NYSE:CNK) CEO Mark Zoradi acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average cost of $32.19 per share, with a total value of $160,950.00. Following the acquisition, the chief executive officer now directly owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Mark Zoradi also recently made the following trade(s):
- On Monday, August 28th, Mark Zoradi acquired 5,000 shares of Cinemark Holdings stock. The stock was purchased at an average cost of $32.83 per share, with a total value of $164,150.00.
Shares of Cinemark Holdings Inc (NYSE:CNK) opened at 33.85 on Wednesday. The firm’s 50-day moving average price is $35.87 and its 200 day moving average price is $39.97. Cinemark Holdings Inc has a 12-month low of $32.03 and a 12-month high of $44.84. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 14.47 and a beta of 1.06.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $751.20 million for the quarter, compared to the consensus estimate of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. On average, analysts predict that Cinemark Holdings Inc will post $2.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.43%. The ex-dividend date is Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio is currently 49.57%.
Several analysts recently commented on CNK shares. Barrington Research cut their price objective on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, August 7th. Wedbush lifted their price objective on Cinemark Holdings from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, July 4th. Credit Suisse Group lowered Cinemark Holdings from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $38.00 to $34.00 in a report on Thursday, June 22nd. Morgan Stanley cut their price objective on Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Thursday, July 6th. Finally, ValuEngine lowered Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Cinemark Holdings presently has an average rating of “Hold” and a consensus target price of $43.06.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BB&T Corp grew its position in Cinemark Holdings by 0.3% during the 2nd quarter. BB&T Corp now owns 23,182 shares of the company’s stock worth $900,000 after purchasing an additional 70 shares during the period. Advisor Group Inc. grew its position in Cinemark Holdings by 2.3% during the 2nd quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock worth $145,000 after purchasing an additional 84 shares during the period. Smithfield Trust Co. grew its position in Cinemark Holdings by 1.5% during the 2nd quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock worth $223,000 after purchasing an additional 87 shares during the period. Atria Investments LLC grew its position in Cinemark Holdings by 1.6% during the 2nd quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock worth $235,000 after purchasing an additional 96 shares during the period. Finally, Utah Retirement Systems grew its position in Cinemark Holdings by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock worth $754,000 after purchasing an additional 100 shares during the period. 90.16% of the stock is currently owned by institutional investors.
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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