Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,684 shares of the company’s stock, valued at approximately $1,006,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Barings LLC grew its position in Cinemark by 4.6% during the 1st quarter. Barings LLC now owns 31,913 shares of the company’s stock valued at $1,202,000 after purchasing an additional 1,418 shares during the last quarter. Front Barnett Associates LLC grew its position in Cinemark by 0.5% during the 1st quarter. Front Barnett Associates LLC now owns 376,554 shares of the company’s stock valued at $14,185,000 after purchasing an additional 1,698 shares during the last quarter. Blair William & Co. IL grew its position in Cinemark by 6.4% during the 1st quarter. Blair William & Co. IL now owns 31,906 shares of the company’s stock valued at $1,202,000 after purchasing an additional 1,929 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Cinemark by 14.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,332 shares of the company’s stock valued at $573,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Cinemark by 38.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,264 shares of the company’s stock valued at $348,000 after purchasing an additional 2,556 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors.

CNK opened at $37.52 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 1.38. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.26 and a beta of 0.93. Cinemark Holdings, Inc. has a 52-week low of $32.03 and a 52-week high of $44.00.

Cinemark (NYSE:CNK) last posted its earnings results on Wednesday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The company had revenue of $889.05 million for the quarter, compared to the consensus estimate of $897.68 million. Cinemark had a net margin of 8.86% and a return on equity of 19.49%. Cinemark’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. analysts expect that Cinemark Holdings, Inc. will post 1.99 EPS for the current year.

Several analysts recently commented on the stock. B. Riley reissued a “buy” rating on shares of Cinemark in a research report on Monday, August 6th. Wedbush set a $47.00 target price on shares of Cinemark and gave the company a “buy” rating in a research note on Friday, May 4th. ValuEngine upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Barrington Research restated a “buy” rating and set a $47.00 target price on shares of Cinemark in a research note on Monday, August 13th. Finally, Morgan Stanley lowered their target price on shares of Cinemark from $42.00 to $39.00 and set a “$34.56” rating on the stock in a research note on Monday, July 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.59.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of June 30, 2018, the company operated 539 theatres and 5,998 screens.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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