14,498 Shares in Cinemark Holdings Inc $CNK Acquired by Oakmont Investment Advisors Inc.

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Cinemark in the second quarter worth approximately $530,855,000. Park West Asset Management LLC acquired a new position in shares of Cinemark during the 2nd quarter valued at $40,707,000. Bank of New York Mellon Corp acquired a new position in shares of Cinemark during the 2nd quarter valued at $29,387,000. Bank of America Corp DE raised its stake in shares of Cinemark by 115.1% in the 1st quarter. Bank of America Corp DE now owns 831,389 shares of the company’s stock worth $23,711,000 after buying an additional 444,965 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Cinemark in the 2nd quarter worth $22,657,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Benchmark upped their price objective on Cinemark from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wedbush raised their target price on Cinemark from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $40.00 target price on shares of Cinemark in a report on Friday, July 31st. Wall Street Zen cut shares of Cinemark from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Guggenheim set a $37.00 price target on shares of Cinemark in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.93.

Cinemark Trading Down 0.4%

Shares of NYSE:CNK opened at $40.00 on Thursday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.81 and a current ratio of 0.84. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 23.67 and a beta of 1.03. Cinemark Holdings Inc has a 1-year low of $21.60 and a 1-year high of $40.35. The company has a 50 day moving average price of $36.57 and a 200 day moving average price of $32.92.

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

Cinemark Announces Dividend

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

Cinemark Profile

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.