Blair William & Co. IL raised its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,906 shares of the company’s stock after purchasing an additional 1,929 shares during the period. Blair William & Co. IL’s holdings in Cinemark were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of CNK. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cinemark by 54.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,862 shares of the company’s stock valued at $204,000 after purchasing an additional 2,070 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Cinemark in the 4th quarter valued at about $228,000. We Are One Seven LLC acquired a new stake in Cinemark in the 4th quarter valued at about $230,000. Holistic Financial Partners acquired a new stake in Cinemark in the 1st quarter valued at about $230,000. Finally, Sciencast Management LP acquired a new stake in Cinemark in the 4th quarter valued at about $279,000. 97.96% of the stock is currently owned by institutional investors.
Get Cinemark alerts:Shares of Cinemark opened at $35.79 on Friday, according to MarketBeat Ratings. The company has a current ratio of 1.53, a quick ratio of 1.48 and a debt-to-equity ratio of 1.37. Cinemark Holdings, Inc. has a fifty-two week low of $32.03 and a fifty-two week high of $44.00. The stock has a market cap of $4.27 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95.
Cinemark (NYSE:CNK) last issued its earnings results on Wednesday, May 9th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.11). Cinemark had a return on equity of 17.72% and a net margin of 8.24%. The business had revenue of $780.00 million for the quarter, compared to analyst estimates of $758.47 million. During the same period last year, the business posted $0.68 EPS. Cinemark’s revenue was up .1% on a year-over-year basis. equities analysts forecast that Cinemark Holdings, Inc. will post 2.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Stockholders of record on Friday, June 8th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Thursday, June 7th. Cinemark’s dividend payout ratio (DPR) is presently 56.64%.
CNK has been the topic of a number of analyst reports. Wedbush set a $47.00 price target on Cinemark and gave the company an “outperform” rating in a research report on Monday, April 9th. ValuEngine lowered Cinemark from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Morgan Stanley increased their price target on Cinemark from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 9th. Barrington Research reaffirmed a “buy” rating and issued a $49.00 price target on shares of Cinemark in a research report on Friday, March 2nd. Finally, Royal Bank of Canada increased their price target on Cinemark to $46.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $42.05.
Cinemark Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of December 31, 2017, the company operated 533 theatres and 5,959 screens.
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