Cinemark Holdings Inc $CNK Shares Newly Acquired by Oakmont Investment Advisors Inc.

Oakmont Investment Advisors Inc. acquired a new stake in shares of Cinemark Holdings Inc (NYSE:CNK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,498 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Cinemark by 17.2% in the third quarter. Nisa Investment Advisors LLC now owns 8,706 shares of the company’s stock worth $325,000 after acquiring an additional 1,277 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Cinemark in the 3rd quarter valued at approximately $2,909,000. USA Financial Formulas purchased a new stake in shares of Cinemark in the 3rd quarter valued at approximately $43,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Cinemark in the 3rd quarter valued at approximately $36,000. Finally, GAMMA Investing LLC boosted its stake in Cinemark by 7.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,371 shares of the company’s stock worth $200,000 after purchasing an additional 389 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNK. Roth Capital set a $40.00 price objective on shares of Cinemark in a research note on Thursday, July 30th. Morgan Stanley cut their target price on shares of Cinemark from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 24th. Barrington Research set a $42.00 target price on shares of Cinemark in a research note on Thursday, July 30th. Wells Fargo & Company increased their target price on Cinemark from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Moffett Nathanson reaffirmed a “buy” rating and issued a $40.00 target price on shares of Cinemark in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.93.

Cinemark Trading Down 0.4%

NYSE:CNK opened at $40.00 on Thursday. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.84 and a quick ratio of 0.81. Cinemark Holdings Inc has a fifty-two week low of $21.60 and a fifty-two week high of $40.35. The stock’s 50-day moving average is $36.57 and its two-hundred day moving average is $32.92. The stock has a market cap of $4.64 billion, a PE ratio of 23.67 and a beta of 1.03.

Cinemark (NYSE:CNK) last issued its earnings results on Thursday, July 30th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.03 billion. Cinemark had a return on equity of 50.94% and a net margin of 6.44%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. As a group, equities research analysts forecast that Cinemark Holdings Inc will post 2.62 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Cinemark’s payout ratio is presently 21.30%.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading motion picture exhibition company that operates movie theaters in the United States and Latin America. Through its Cinemark and Century theater brands, the company provides audiences with theatrical entertainment, including first-run films, premium large-format presentations and enhanced viewing experiences.

Cinemark’s theaters generate revenue primarily through ticket sales and food and beverage concessions. Its offerings may include reserved seating, luxury reclining seats, Cinemark XD premium auditoriums, online and mobile ticketing, and loyalty programs such as Cinemark Movie Rewards.