Cinemark Holdings Inc (CNK) Stake Held by Capital World Investors
Capital World Investors continued to hold its stake in shares of Cinemark Holdings Inc (NYSE:CNK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,700,000 shares of the company’s stock at the end of the 2nd quarter. Capital World Investors owned 4.92% of Cinemark Holdings worth $221,445,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. BB&T Corp lifted its stake in Cinemark Holdings by 0.3% during the second 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 last quarter. Advisor Group Inc. lifted its stake in Cinemark Holdings by 2.3% during the second 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 last quarter. Smithfield Trust Co. lifted its stake in Cinemark Holdings by 1.5% during the second 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 last quarter. Atria Investments LLC lifted its stake in Cinemark Holdings by 1.6% during the second 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 last quarter. Finally, Utah Retirement Systems lifted its stake in Cinemark Holdings by 0.5% during the second 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 last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.
In other Cinemark Holdings news, CEO Mark Zoradi purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average price of $32.83 per share, with a total value of $164,150.00. Following the acquisition, the chief executive officer now owns 167,456 shares in the company, valued at $5,497,580.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.20% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION NOTICE: This report was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/10/05/cinemark-holdings-inc-cnk-stake-held-by-capital-world-investors.html.
CNK has been the subject of several research analyst reports. J P Morgan Chase & Co dropped their price target on Cinemark Holdings from $47.00 to $42.00 in a research note 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 objective 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.21.
Cinemark Holdings Inc (CNK) opened at 38.38 on Thursday. The stock has a market cap of $4.45 billion, a P/E ratio of 16.40 and a beta of 1.10. The company’s 50-day moving average price is $34.80 and its 200-day moving average price is $39.15. Cinemark Holdings Inc has a one year low of $32.03 and a one year high of $44.84.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.44 EPS 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 quarter last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts forecast that Cinemark Holdings Inc will post $2.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 31st were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, August 29th. Cinemark Holdings’s payout ratio is 49.57%.
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.
Receive News & Stock Ratings for Cinemark Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark Holdings Inc and related stocks with our FREE daily email newsletter.