Texas Permanent School Fund boosted its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,322 shares of the company’s stock after acquiring an additional 2,755 shares during the quarter. Texas Permanent School Fund’s holdings in Cinemark were worth $2,892,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. GAM Holding AG increased its stake in shares of Cinemark by 29.6% in the fourth quarter. GAM Holding AG now owns 9,600 shares of the company’s stock valued at $344,000 after buying an additional 2,190 shares in the last quarter. American International Group Inc. increased its position in Cinemark by 1.0% in the fourth quarter. American International Group Inc. now owns 237,052 shares of the company’s stock worth $8,486,000 after purchasing an additional 2,274 shares during the period. Paloma Partners Management Co acquired a new stake in Cinemark in the fourth quarter worth about $248,000. Wedge Capital Management L L P NC acquired a new stake in Cinemark in the fourth quarter worth about $442,000. Finally, Dupont Capital Management Corp acquired a new stake in Cinemark in the fourth quarter worth about $320,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

CNK traded down $0.43 during midday trading on Thursday, reaching $39.87. 11,444 shares of the company were exchanged, compared to its average volume of 1,180,139. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 2.18. Cinemark Holdings, Inc. has a one year low of $33.36 and a one year high of $43.51. The stock has a market cap of $4.70 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.13 and a beta of 0.79.

Cinemark (NYSE:CNK) last issued its earnings results on Tuesday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. Cinemark had a return on equity of 12.61% and a net margin of 5.85%. The firm had revenue of $714.70 million for the quarter, compared to analysts’ expectations of $688.51 million. During the same quarter last year, the business earned $0.53 earnings per share. The company’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Cinemark Holdings, Inc. will post 2.34 EPS for the current year.

In other Cinemark news, insider Valmir Fernandes sold 4,033 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $43.00, for a total transaction of $173,419.00. Following the transaction, the insider now owns 114,961 shares in the company, valued at $4,943,323. The sale was disclosed in a document filed with the SEC, which is available through this link. 9.00% of the stock is currently owned by company insiders.

A number of analysts recently commented on CNK shares. ValuEngine lowered Cinemark from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Wedbush reiterated a “buy” rating and issued a $46.00 price objective on shares of Cinemark in a research report on Wednesday, January 30th. Loop Capital started coverage on Cinemark in a research report on Thursday, January 31st. They issued a “hold” rating and a $41.00 price objective for the company. Finally, Zacks Investment Research lowered Cinemark from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Cinemark currently has an average rating of “Buy” and an average target price of $44.67.

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Cinemark Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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