Anchor Capital Advisors LLC Has $32.59 Million Holdings in Cinemark Holdings Inc (CNK)
Anchor Capital Advisors LLC raised its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 899,950 shares of the company’s stock after buying an additional 3,470 shares during the quarter. Cinemark Holdings comprises about 1.2% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Anchor Capital Advisors LLC owned about 0.77% of Cinemark Holdings worth $32,587,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in CNK. Victory Capital Management Inc. grew its holdings in Cinemark Holdings by 1,771.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,510,900 shares of the company’s stock valued at $127,129,000 after buying an additional 3,323,302 shares during the last quarter. FMR LLC grew its holdings in Cinemark Holdings by 17.5% during the 2nd quarter. FMR LLC now owns 11,685,034 shares of the company’s stock valued at $453,963,000 after buying an additional 1,742,861 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Cinemark Holdings by 5,955.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock valued at $40,236,000 after buying an additional 1,085,334 shares during the last quarter. Jennison Associates LLC grew its holdings in Cinemark Holdings by 32.9% during the 2nd quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock valued at $154,960,000 after buying an additional 988,361 shares during the last quarter. Finally, AXA grew its holdings in Cinemark Holdings by 1,227.3% during the 2nd quarter. AXA now owns 504,240 shares of the company’s stock valued at $19,590,000 after buying an additional 466,250 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.
In other news, CEO Mark Zoradi bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average cost of $32.19 per share, with a total value of $160,950.00. Following the transaction, the chief executive officer now owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.10% of the company’s stock.
Shares of Cinemark Holdings Inc (NYSE CNK) traded down $0.20 during trading on Monday, hitting $33.70. The company’s stock had a trading volume of 1,063,000 shares, compared to its average volume of 1,078,542. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.50. The stock has a market cap of $3,920.00, a price-to-earnings ratio of 16.12, a PEG ratio of 1.11 and a beta of 1.18. Cinemark Holdings Inc has a one year low of $32.03 and a one year high of $44.84.
Cinemark Holdings (NYSE:CNK) last issued its earnings results on Friday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $710.70 million during the quarter, compared to analysts’ expectations of $702.60 million. Cinemark Holdings had a return on equity of 18.43% and a net margin of 8.36%. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. analysts forecast that Cinemark Holdings Inc will post 2.02 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. BidaskClub cut Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 18th. B. Riley reiterated a “buyl” rating on shares of Cinemark Holdings in a report on Sunday, August 13th. ValuEngine cut Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Barrington Research lowered their target price on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, August 7th. Finally, Wedbush reiterated a “buy” rating on shares of Cinemark Holdings in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $42.31.
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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