Cinemark Holdings Inc (CNK) Stake Lessened by Allianz Asset Management GmbH
Allianz Asset Management GmbH lessened its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,254 shares of the company’s stock after selling 62,030 shares during the quarter. Allianz Asset Management GmbH owned about 0.26% of Cinemark worth $10,800,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CNK. Russell Investments Group Ltd. boosted its holdings in shares of 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 during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Cinemark by 2.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 63,728 shares of the company’s stock valued at $2,474,000 after acquiring an additional 1,363 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Cinemark by 15.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 37,900 shares of the company’s stock valued at $1,472,000 after acquiring an additional 5,200 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Cinemark by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 646,394 shares of the company’s stock valued at $25,113,000 after acquiring an additional 28,502 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Cinemark by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 44,700 shares of the company’s stock valued at $1,737,000 after acquiring an additional 700 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.
In other Cinemark news, Director Lee Roy Mitchell sold 174,607 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $36.72, for a total transaction of $6,411,569.04. Following the sale, the director now owns 5,528,843 shares in the company, valued at approximately $203,019,114.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 474,607 shares of company stock worth $17,340,425. 9.20% of the stock is owned by company insiders.
Shares of Cinemark Holdings Inc (NYSE:CNK) opened at $35.35 on Friday. Cinemark Holdings Inc has a one year low of $32.03 and a one year high of $44.84. The company has a market cap of $4,206.78, a P/E ratio of 17.28, a price-to-earnings-growth 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 released its earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Cinemark had a return on equity of 18.43% and a net margin of 8.36%. The firm had revenue of $710.70 million for the quarter, compared to the consensus estimate of $702.60 million. During the same quarter in the previous year, the business posted $0.56 EPS. Cinemark’s revenue was down 7.5% on a year-over-year basis. equities analysts forecast that Cinemark Holdings Inc will post 1.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, November 30th. Cinemark’s payout ratio is 54.98%.
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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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