Cinemark Holdings Inc (CNK) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cinemark Holdings Inc (NYSE:CNK) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,792 shares of the company’s stock after acquiring an additional 330 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cinemark Holdings were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in CNK. Canada Pension Plan Investment Board grew its position in Cinemark Holdings by 73.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 32,700 shares of the company’s stock valued at $1,450,000 after acquiring an additional 13,800 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Cinemark Holdings by 4.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 62,365 shares of the company’s stock valued at $2,765,000 after acquiring an additional 2,777 shares during the last quarter. Comerica Bank grew its position in Cinemark Holdings by 4.3% in the 1st quarter. Comerica Bank now owns 83,457 shares of the company’s stock valued at $3,624,000 after acquiring an additional 3,426 shares during the last quarter. Swiss National Bank grew its position in Cinemark Holdings by 0.5% in the 1st quarter. Swiss National Bank now owns 172,900 shares of the company’s stock valued at $7,666,000 after acquiring an additional 900 shares during the last quarter. Finally, World Asset Management Inc grew its position in Cinemark Holdings by 15.8% in the 1st quarter. World Asset Management Inc now owns 7,481 shares of the company’s stock valued at $332,000 after acquiring an additional 1,022 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors.
Several equities analysts have commented on the company. B. Riley set a $48.00 price objective on Cinemark Holdings and gave the company a “buy” rating in a research report on Saturday, August 5th. BidaskClub downgraded Cinemark Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. ValuEngine downgraded Cinemark Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Barrington Research dropped their price target on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Finally, Moffett Nathanson downgraded Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price target on the stock. in a research report on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.80.
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In related news, CEO Mark Zoradi bought 5,000 shares of the stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 167,456 shares of the company’s stock, valued at approximately $5,497,580.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.10% of the company’s stock.
Shares of Cinemark Holdings Inc (NYSE:CNK) opened at 35.23 on Wednesday. The stock has a market capitalization of $4.08 billion, a PE ratio of 15.06 and a beta of 1.06. Cinemark Holdings Inc has a 52 week low of $32.03 and a 52 week high of $44.84. The company’s 50 day moving average price is $35.22 and its 200-day moving average price is $39.67.
Cinemark Holdings (NYSE:CNK) last released its earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The firm had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. During the same period in the previous year, the firm posted $0.46 EPS. Cinemark Holdings’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Cinemark Holdings Inc will post $2.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 31st were paid a dividend of $0.29 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.16 annualized dividend and a yield of 3.29%. Cinemark Holdings’s payout ratio is 49.57%.
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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