Cinemark Holdings Inc (CNK) Shares Sold by ETRADE Capital Management LLC
ETRADE Capital Management LLC trimmed its stake in Cinemark Holdings Inc (NYSE:CNK) by 33.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,756 shares of the company’s stock after selling 6,980 shares during the period. ETRADE Capital Management LLC’s holdings in Cinemark Holdings were worth $534,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. FMR LLC increased its position in shares of Cinemark Holdings by 17.5% in the second quarter. FMR LLC now owns 11,685,034 shares of the company’s stock worth $453,963,000 after purchasing an additional 1,742,861 shares during the last quarter. BlackRock Inc. grew its position in Cinemark Holdings by 13,956.8% during the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock valued at $490,657,000 after acquiring an additional 10,987,085 shares during the last quarter. Vanguard Group Inc. grew its position in Cinemark Holdings by 4.3% during the second quarter. Vanguard Group Inc. now owns 9,385,792 shares of the company’s stock valued at $364,639,000 after acquiring an additional 382,700 shares during the last quarter. JPMorgan Chase & Co. grew its position in Cinemark Holdings by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 6,095,192 shares of the company’s stock valued at $236,798,000 after acquiring an additional 160,113 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Cinemark Holdings by 32.9% during the second quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock valued at $154,960,000 after acquiring an additional 988,361 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.
Shares of Cinemark Holdings Inc (NYSE:CNK) opened at 36.41 on Thursday. The company has a 50-day moving average price of $35.22 and a 200-day moving average price of $39.67. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 15.56 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.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ 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%. Cinemark Holdings’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. Equities analysts anticipate that Cinemark Holdings Inc will post $2.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Thursday, August 31st were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio (DPR) is presently 49.57%.
In other Cinemark Holdings news, CEO Mark Zoradi acquired 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were bought at an average price of $32.19 per share, with a total value of $160,950.00. Following the transaction, the chief executive officer now directly owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.20% of the company’s stock.
A number of research analysts have commented on CNK shares. J P Morgan Chase & Co reduced their price target on shares of Cinemark Holdings from $47.00 to $42.00 in a research report on Tuesday, August 22nd. Wedbush reiterated a “buy” rating on shares of Cinemark Holdings in a research report on Monday, August 7th. B. Riley set a $48.00 price target on shares of Cinemark Holdings and gave the company a “buy” rating in a research report on Saturday, August 5th. ValuEngine upgraded shares of Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, BidaskClub upgraded shares of Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.60.
Cinemark Holdings Profile
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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