Cinemark Holdings Inc (NYSE:CNK) Director Lee Roy Mitchell sold 300 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $35.95, for a total transaction of $10,785.00. Following the transaction, the director now owns 5,703,450 shares of the company’s stock, valued at approximately $205,039,027.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Cinemark Holdings Inc (CNK) traded up $0.55 on Friday, hitting $36.04. 1,022,956 shares of the stock traded hands, compared to its average volume of 1,245,811. Cinemark Holdings Inc has a 1-year low of $32.03 and a 1-year high of $44.84. The stock has a market capitalization of $4,197.47, a P/E ratio of 17.24, a P/E/G ratio of 1.22 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 announced its earnings results on Friday, November 3rd. The company reported $0.33 earnings per share 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 firm had revenue of $710.70 million during the quarter, compared to analysts’ expectations of $702.60 million. During the same period in the prior year, the company posted $0.56 EPS. The company’s revenue was down 7.5% compared to the same quarter last year. sell-side analysts forecast that Cinemark Holdings Inc will post 1.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 30th. Cinemark’s dividend payout ratio is currently 54.98%.

CNK has been the subject of a number of research reports. Credit Suisse Group dropped their target price on shares of Cinemark from $34.00 to $30.00 and set an “underperform” rating for the company in a research report on Thursday, September 28th. Royal Bank Of Canada set a $43.00 price objective on shares of Cinemark and gave the company a “hold” rating in a research report on Sunday, September 10th. Morgan Stanley upgraded shares of Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price objective for the company in a research report on Thursday, October 5th. Zacks Investment Research lowered shares of Cinemark from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, Wedbush reiterated an “outperform” rating and set a $44.00 price objective on shares of Cinemark in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.31.

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Cinemark by 15.4% in the second quarter. Victory Capital Management Inc. now owns 187,598 shares of the company’s stock valued at $7,288,000 after acquiring an additional 25,083 shares during the period. Partners Value Investments LP increased its stake in Cinemark by 46.0% in the 2nd quarter. Partners Value Investments LP now owns 73,000 shares of the company’s stock worth $2,836,000 after buying an additional 23,000 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Cinemark by 1.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,304,557 shares of the company’s stock worth $89,532,000 after buying an additional 32,271 shares during the period. Swiss National Bank increased its stake in Cinemark by 4.8% in the 2nd quarter. Swiss National Bank now owns 181,200 shares of the company’s stock worth $7,040,000 after buying an additional 8,300 shares during the period. Finally, Aperio Group LLC increased its stake in Cinemark by 34.2% in the 3rd quarter. Aperio Group LLC now owns 42,818 shares of the company’s stock worth $1,550,000 after buying an additional 10,905 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Cinemark (NYSE:CNK)

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