Advisors Asset Management Inc. increased its holdings in Cinemark Holdings Inc (NYSE:CNK) by 107.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,852 shares of the company’s stock after purchasing an additional 5,100 shares during the quarter. Advisors Asset Management Inc.’s holdings in Cinemark were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CNK. Cable Hill Partners LLC boosted its position in Cinemark by 3,300.0% during the 3rd quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock valued at $107,000 after acquiring an additional 2,871 shares in the last quarter. Advisor Group Inc. boosted its position in Cinemark by 2.3% during the 2nd quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after acquiring an additional 84 shares in the last quarter. Quantbot Technologies LP bought a new stake in Cinemark during the 2nd quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cinemark by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock valued at $147,000 after acquiring an additional 330 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Cinemark by 60.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,397 shares of the company’s stock valued at $248,000 after acquiring an additional 2,415 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

In other news, CEO Mark Zoradi acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $32.19 per share, for a total transaction of $160,950.00. Following the acquisition, the chief executive officer now directly owns 172,456 shares in the company, valued at $5,551,358.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.20% of the stock is owned by insiders.

Several analysts have weighed in on the company. B. Riley reaffirmed a “buyl” rating on shares of Cinemark in a research report on Sunday, August 13th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $43.00 price objective on shares of Cinemark in a research report on Wednesday, August 9th. BidaskClub cut Cinemark from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Credit Suisse Group cut their price objective on Cinemark from $34.00 to $30.00 and set an “underperform” rating on the stock in a research report on Thursday, September 28th. Finally, Piper Jaffray Companies started coverage on shares of Cinemark in a report on Friday, August 11th. They set an “overweight” rating and a $44.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.31.

Cinemark Holdings Inc (NYSE:CNK) opened at $35.01 on Thursday. Cinemark Holdings Inc has a 1-year low of $32.03 and a 1-year high of $44.84. The stock has a market cap of $4,154.37, a P/E ratio of 17.07, a PEG ratio of 1.19 and a beta of 1.18. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.50.

Cinemark (NYSE:CNK) last released its earnings results on Friday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The business had revenue of $710.70 million for the quarter, compared to analysts’ expectations of $702.60 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. Cinemark’s revenue for the quarter was down 7.5% on a year-over-year basis. sell-side analysts predict that Cinemark Holdings Inc will post 2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.16 dividend on an annualized basis and a yield of 3.31%. Cinemark’s payout ratio is currently 54.98%.

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Cinemark Company 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.

Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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