Cinemark Holdings Inc (NYSE:CNK) Stake Raised by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC boosted its stake in Cinemark Holdings Inc (NYSE:CNK) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,671 shares of the company’s stock after buying an additional 559 shares during the period. Janney Montgomery Scott LLC’s holdings in Cinemark Holdings were worth $1,502,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in CNK. BlackRock Inc. boosted its stake in Cinemark Holdings by 13,956.8% in the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock valued at $490,657,000 after buying an additional 10,987,085 shares during the last quarter. FMR LLC boosted its stake in Cinemark Holdings by 83.9% in the first quarter. FMR LLC now owns 9,942,173 shares of the company’s stock valued at $440,836,000 after buying an additional 4,534,853 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in 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 during the last quarter. Vanguard Group Inc. boosted its stake in Cinemark Holdings by 8.6% in the first quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock valued at $399,198,000 after buying an additional 714,887 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in Cinemark Holdings by 190.5% in the first quarter. Citadel Advisors LLC now owns 445,355 shares of the company’s stock valued at $19,747,000 after buying an additional 292,073 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.
Cinemark Holdings Inc (CNK) opened at 37.89 on Thursday. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 15.99 and a beta of 1.03. The stock has a 50 day moving average of $38.34 and a 200 day moving average of $41.26. Cinemark Holdings Inc has a 1-year low of $36.95 and a 1-year high of $44.84.
Cinemark Holdings (NYSE:CNK) last issued its earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The business had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts expect that Cinemark Holdings Inc will post $2.16 earnings per share for the current year.
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CNK has been the subject of several recent analyst reports. Credit Suisse Group cut shares of Cinemark Holdings from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $38.00 to $34.00 in a research report on Thursday, June 22nd. Zacks Investment Research lowered shares of Cinemark Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Moffett Nathanson lowered shares of Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 target price for the company. in a research note on Monday, June 12th. Royal Bank Of Canada increased their target price on shares of Cinemark Holdings from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Monday, April 17th. Finally, MKM Partners reaffirmed a “buy” rating and set a $50.00 target price (up previously from $48.00) on shares of Cinemark Holdings in a research note on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned 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 news, insider Valmir Fernandes sold 6,000 shares of the business’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 completion of the sale, the insider now owns 85,505 shares in the company, valued at approximately $3,722,032.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.20% of the stock is currently owned by 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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