Cinemark Holdings Inc (CNK) Director Sells $10,918,071.00 in Stock
Cinemark Holdings Inc (NYSE:CNK) Director Lee Roy Mitchell sold 299,700 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $36.43, for a total transaction of $10,918,071.00. Following the completion of the transaction, the director now owns 5,528,843 shares of the company’s stock, valued at approximately $201,415,750.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Lee Roy Mitchell also recently made the following trade(s):
- On Tuesday, December 12th, Lee Roy Mitchell sold 174,607 shares of Cinemark stock. The shares were sold at an average price of $36.72, for a total transaction of $6,411,569.04.
- On Tuesday, December 5th, Lee Roy Mitchell sold 300 shares of Cinemark stock. The shares were sold at an average price of $35.95, for a total transaction of $10,785.00.
Cinemark Holdings Inc (NYSE:CNK) traded down $0.53 during mid-day trading on Thursday, reaching $35.95. 705,100 shares of the company’s stock were exchanged, compared to its average volume of 1,096,533. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50. Cinemark Holdings Inc has a 52 week low of $32.03 and a 52 week high of $44.84. The stock has a market capitalization of $4,210.00, a price-to-earnings ratio of 17.45, a PEG ratio of 1.23 and a beta of 1.18.
Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The firm had revenue of $710.70 million for the quarter, compared to analysts’ expectations of $702.60 million. During the same period in the prior year, the company posted $0.56 earnings per share. Cinemark’s quarterly revenue was down 7.5% compared to the same quarter last year. analysts forecast that Cinemark Holdings Inc will post 1.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, November 30th. Cinemark’s dividend payout ratio is presently 54.98%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cable Hill Partners LLC lifted its position in shares of Cinemark by 3,300.0% in the third quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock worth $107,000 after purchasing an additional 2,871 shares in the last quarter. Ffcm LLC acquired a new position in Cinemark in the third quarter worth approximately $125,000. Zions Bancorporation acquired a new position in Cinemark in the third quarter worth approximately $125,000. Advisor Group Inc. increased its holdings in Cinemark by 2.3% in the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock worth $145,000 after buying an additional 84 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Cinemark in the second quarter worth approximately $146,000. 94.63% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on CNK. BidaskClub lowered shares of Cinemark from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. B. Riley restated a “buy” rating and set a $47.00 price objective on shares of Cinemark in a research report on Tuesday, December 5th. Credit Suisse Group reduced their price objective on shares of Cinemark from $34.00 to $30.00 and set an “underperform” rating for the company in a research report on Thursday, September 28th. J P Morgan Chase & Co reduced their price objective on shares of Cinemark from $47.00 to $42.00 in a research report on Tuesday, August 22nd. Finally, Wedbush set a $42.00 price objective on shares of Cinemark and gave the company a “buy” rating in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.31.
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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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