40,800 Shares in Cinemark Holdings Inc (CNK) Acquired by CrestPoint Capital Management LLC
CrestPoint Capital Management LLC acquired a new stake in shares of Cinemark Holdings Inc (NYSE:CNK) during the second quarter, Holdings Channel reports. The fund acquired 40,800 shares of the company’s stock, valued at approximately $1,585,000.
Other institutional investors also recently made changes to their positions in the company. Macquarie Group Ltd. boosted its position in shares of Cinemark Holdings by 3.0% in the first quarter. Macquarie Group Ltd. now owns 1,538,047 shares of the company’s stock valued at $68,197,000 after buying an additional 44,210 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Cinemark Holdings by 42.3% in the first quarter. Mawer Investment Management Ltd. now owns 3,256,308 shares of the company’s stock valued at $144,385,000 after buying an additional 967,579 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Cinemark Holdings during the fourth quarter valued at $522,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Cinemark Holdings by 43.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,195 shares of the company’s stock valued at $123,000 after buying an additional 972 shares in the last quarter. Finally, Soros Fund Management LLC bought a new position in shares of Cinemark Holdings during the first quarter valued at $310,000. 89.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Cinemark Holdings Inc (NYSE CNK) opened at 37.98 on Monday. Cinemark Holdings Inc has a 12 month low of $36.08 and a 12 month high of $44.84. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 16.03 and a beta of 1.04. The company’s 50-day moving average price is $40.16 and its 200-day moving average price is $41.49.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. Cinemark Holdings had a return on equity of 21.75% and a net margin of 9.23%. The business had revenue of $779.60 million for the quarter, compared to the consensus estimate of $750.75 million. During the same quarter last year, the business posted $0.50 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts anticipate that Cinemark Holdings Inc will post $2.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.05%. Cinemark Holdings’s dividend payout ratio (DPR) is currently 49.15%.
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Several equities analysts have weighed in on CNK shares. Goldman Sachs Group, Inc. (The) cut Cinemark Holdings from a “conviction-buy” rating to a “buy” rating and set a $49.00 price objective for the company. in a report on Monday, April 10th. Royal Bank Of Canada lifted their price objective on Cinemark Holdings from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Monday, April 17th. Wedbush reaffirmed a “neutral” rating and issued a $45.00 price objective (up from $43.00) on shares of Cinemark Holdings in a report on Friday, April 7th. Wunderlich lowered Cinemark Holdings from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research note on Wednesday, March 22nd. Finally, Credit Suisse Group lowered Cinemark Holdings from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $38.00 to $34.00 in a research note on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.57.
In other news, insider Valmir Fernandes sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $43.53, for a total transaction of $261,180.00. Following the transaction, the insider now directly owns 85,505 shares of the company’s stock, valued at $3,722,032.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is currently owned by company insiders.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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