Teachers Retirement System of The State of Kentucky decreased its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 4.6% during the fourth quarter, Holdings Channel reports. The fund owned 22,800 shares of the company’s stock after selling 1,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cinemark Holdings were worth $875,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the company. Bessemer Group Inc. boosted its stake in Cinemark Holdings by 1.7% in the fourth quarter. Bessemer Group Inc. now owns 4,277 shares of the company’s stock valued at $164,000 after buying an additional 73 shares during the last quarter. BB&T Corp boosted its stake in Cinemark Holdings by 0.3% in the third quarter. BB&T Corp now owns 33,642 shares of the company’s stock valued at $1,288,000 after buying an additional 99 shares during the last quarter. Horan Capital Advisors LLC. boosted its stake in Cinemark Holdings by 0.3% in the third quarter. Horan Capital Advisors LLC. now owns 52,647 shares of the company’s stock valued at $2,015,000 after buying an additional 170 shares during the last quarter. State Treasurer State of Michigan boosted its stake in Cinemark Holdings by 0.5% in the third quarter. State Treasurer State of Michigan now owns 42,600 shares of the company’s stock valued at $1,631,000 after buying an additional 200 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in Cinemark Holdings by 1.5% in the third quarter. Raymond James Trust N.A. now owns 18,031 shares of the company’s stock valued at $691,000 after buying an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 90.73% of the company’s stock.

Institutional Ownership by Quarter for Cinemark Holdings (NYSE:CNK)

Cinemark Holdings, Inc. (NYSE:CNK) opened at 44.58 on Tuesday. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 20.36 and a beta of 0.97. Cinemark Holdings, Inc. has a one year low of $32.60 and a one year high of $44.74. The company’s 50-day moving average price is $42.59 and its 200-day moving average price is $40.33.

Cinemark Holdings (NYSE:CNK) last issued its earnings results on Thursday, February 23rd. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.44 by $0.22. The company earned $707.20 million during the quarter, compared to analyst estimates of $703.77 million. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. On average, analysts anticipate that Cinemark Holdings, Inc. will post $2.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Wednesday, March 8th were given a $0.29 dividend. This is a positive change from Cinemark Holdings’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 6th. This represents a $1.16 annualized dividend and a dividend yield of 2.60%. Cinemark Holdings’s dividend payout ratio (DPR) is presently 53.47%.

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Several research firms recently weighed in on CNK. B. Riley restated a “buy” rating and set a $52.50 target price on shares of Cinemark Holdings in a research note on Wednesday, February 22nd. Wedbush boosted their target price on Cinemark Holdings from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, February 16th. Royal Bank of Canada cut Cinemark Holdings from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $43.00 to $45.00 in a research note on Monday, February 27th. Finally, FBR & Co boosted their target price on Cinemark Holdings from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $43.19.

In other news, EVP Michael Cavalier sold 13,055 shares of Cinemark Holdings stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $44.03, for a total value of $574,811.65. Following the completion of the transaction, the executive vice president now owns 173,171 shares in the company, valued at approximately $7,624,719.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tom Owens sold 8,475 shares of Cinemark Holdings stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $44.00, for a total value of $372,900.00. Following the completion of the transaction, the executive vice president now owns 54,720 shares of the company’s stock, valued at approximately $2,407,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,139 shares of company stock valued at $1,854,714. Insiders own 9.20% of the company’s stock.

Cinemark Holdings Company Profile

Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.

5 Day Chart for NYSE:CNK

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