Retirement Systems of Alabama increased its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 201,998 shares of the company’s stock after acquiring an additional 445 shares during the period. Retirement Systems of Alabama owned approximately 0.17% of Cinemark worth $7,232,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CNK. Russell Investments Group Ltd. grew its holdings in Cinemark by 92.5% in the third quarter. Russell Investments Group Ltd. now owns 340,826 shares of the company’s stock valued at $13,696,000 after purchasing an additional 163,812 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in Cinemark by 1.2% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 210,529 shares of the company’s stock valued at $7,379,000 after purchasing an additional 2,472 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Cinemark in the third quarter valued at $168,000. Riverhead Capital Management LLC grew its holdings in Cinemark by 112.8% in the third quarter. Riverhead Capital Management LLC now owns 67,772 shares of the company’s stock valued at $2,725,000 after purchasing an additional 35,930 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Cinemark by 3,280.0% in the third quarter. Rehmann Capital Advisory Group now owns 27,175 shares of the company’s stock valued at $676,000 after purchasing an additional 26,371 shares during the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Sean Gamble sold 7,468 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $40.90, for a total transaction of $305,441.20. Following the sale, the chief financial officer now owns 92,673 shares of the company’s stock, valued at $3,790,325.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.90% of the stock is owned by company insiders.

Several research firms have weighed in on CNK. Morgan Stanley upped their target price on Cinemark from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, October 18th. Royal Bank of Canada upped their target price on Cinemark from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 5th. B. Riley lowered their target price on Cinemark from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Imperial Capital upped their target price on Cinemark from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, MKM Partners upped their target price on Cinemark to $47.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.00.

CNK opened at $39.65 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 1.36. The firm has a market cap of $4.59 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.14 and a beta of 0.77. Cinemark Holdings, Inc. has a 52 week low of $33.36 and a 52 week high of $44.00.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, November 2nd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $754.20 million for the quarter, compared to analyst estimates of $730.27 million. Cinemark had a return on equity of 19.92% and a net margin of 9.12%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Equities analysts predict that Cinemark Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 18th. Investors of record on Tuesday, December 4th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Monday, December 3rd. Cinemark’s payout ratio is currently 56.64%.

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Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of September 30, 2018, it operated 541 theatres with 6,014 screens in 41 states of the United States, Brazil, Argentina, and 13 other Latin American countries. The company was incorporated in 2006 and is headquartered in Plano, Texas.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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