Carnick & Kubik Group LLC Raises Position in Cinemark Holdings Inc (NYSE:CNK)
Carnick & Kubik Group LLC boosted its position in shares of Cinemark Holdings Inc (NYSE:CNK) by 18.5% during the second quarter, Holdings Channel reports. The institutional investor owned 21,872 shares of the company’s stock after buying an additional 3,410 shares during the period. Carnick & Kubik Group LLC’s holdings in Cinemark Holdings were worth $850,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its position in shares of Cinemark Holdings by 15.9% in the second quarter. Canada Pension Plan Investment Board now owns 37,900 shares of the company’s stock worth $1,472,000 after buying an additional 5,200 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in Cinemark Holdings during the second quarter valued at approximately $256,000. Smithfield Trust Co. raised its stake in Cinemark Holdings by 1.5% in the second quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock valued at $223,000 after buying an additional 87 shares during the period. Foster & Motley Inc. bought a new stake in Cinemark Holdings during the second quarter valued at approximately $271,000. Finally, Texas Permanent School Fund raised its stake in Cinemark Holdings by 1.0% in the second quarter. Texas Permanent School Fund now owns 77,350 shares of the company’s stock valued at $3,005,000 after buying an additional 784 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cinemark Holdings Inc (NYSE CNK) opened at 37.89 on Thursday. The firm has a 50-day moving average price of $38.34 and a 200 day moving average price of $41.26. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 15.99 and a beta of 1.03. Cinemark Holdings Inc has a one year low of $36.95 and a one year high of $44.84.
Cinemark Holdings (NYSE:CNK) last released its earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company had revenue of $751.20 million for the quarter, compared to analysts’ expectations of $751.72 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts forecast that Cinemark Holdings Inc will post $2.16 earnings per share for the current fiscal year.
Several analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and set a $53.50 target price on shares of Cinemark Holdings in a report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $43.00 target price on shares of Cinemark Holdings in a report on Wednesday. BidaskClub raised Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Tuesday. Wedbush raised Cinemark Holdings from a “neutral” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday, July 26th. Finally, Barrington Research dropped 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. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.00.
In other Cinemark Holdings news, insider Valmir Fernandes sold 6,000 shares of the business’s stock in a transaction that occurred on 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 owns 85,505 shares in the company, valued at approximately $3,722,032.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.20% of the company’s stock.
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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