Cinemark Holdings Inc (CNK) Holdings Cut by Voya Investment Management LLC
Voya Investment Management LLC lessened its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 43.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,208 shares of the company’s stock after selling 92,300 shares during the period. Voya Investment Management LLC owned about 0.10% of Cinemark Holdings worth $4,631,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CNK. BlackRock Inc. raised its holdings in Cinemark Holdings by 13,956.8% during the 1st quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock worth $490,657,000 after buying an additional 10,987,085 shares during the period. FMR LLC raised its holdings in Cinemark Holdings by 17.5% during the 2nd quarter. FMR LLC now owns 11,685,034 shares of the company’s stock worth $453,963,000 after buying an additional 1,742,861 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in Cinemark Holdings by 5,955.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock worth $40,236,000 after buying an additional 1,085,334 shares during the period. Jennison Associates LLC raised its holdings in Cinemark Holdings by 32.9% during the 2nd quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock worth $154,960,000 after buying an additional 988,361 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Cinemark Holdings by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock worth $399,198,000 after buying an additional 714,887 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.
Cinemark Holdings Inc (CNK) opened at 36.10 on Friday. The firm has a market cap of $4.18 billion, a P/E ratio of 15.43 and a beta of 1.10. The stock has a 50 day moving average price of $35.15 and a 200-day moving average price of $38.88. Cinemark Holdings Inc has a one year low of $32.03 and a one year high of $44.84.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. The company had revenue of $751.20 million for the quarter, compared to analyst estimates of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. Cinemark Holdings’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Analysts predict that Cinemark Holdings Inc will post $2.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio is currently 49.57%.
Several analysts have issued reports on the company. BidaskClub upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Wedbush restated a “buy” rating on shares of Cinemark Holdings in a report on Monday, August 7th. B. Riley restated a “buyl” rating on shares of Cinemark Holdings in a report on Sunday, August 13th. Piper Jaffray Companies restated a “buy” rating on shares of Cinemark Holdings in a report on Sunday, September 17th. Finally, J P Morgan Chase & Co dropped their target price on Cinemark Holdings from $47.00 to $42.00 in a report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $42.07.
In other Cinemark Holdings news, CEO Mark Zoradi purchased 5,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 172,456 shares in the company, valued at approximately $5,551,358.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.20% of the company’s stock.
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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