Havemeyer Place LP Purchases Shares of 20,544 Cinemark Holdings Inc $CNK

Havemeyer Place LP acquired a new stake in shares of Cinemark Holdings Inc (NYSE:CNK) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 20,544 shares of the company’s stock, valued at approximately $477,000.

Other hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd lifted its stake in Cinemark by 635.9% during the fourth quarter. WINTON GROUP Ltd now owns 177,734 shares of the company’s stock valued at $4,131,000 after purchasing an additional 153,582 shares during the last quarter. Cibc World Market Inc. bought a new stake in Cinemark during the fourth quarter worth approximately $4,799,000. Bank of New York Mellon Corp grew its position in Cinemark by 43.7% in the fourth quarter. Bank of New York Mellon Corp now owns 916,232 shares of the company’s stock worth $21,293,000 after buying an additional 278,651 shares during the last quarter. Norges Bank bought a new position in shares of Cinemark in the fourth quarter valued at $4,527,000. Finally, Leonteq Securities AG bought a new position in shares of Cinemark in the fourth quarter valued at $83,000.

Cinemark Trading Up 1.6%

Cinemark stock opened at $31.97 on Wednesday. Cinemark Holdings Inc has a 52 week low of $21.60 and a 52 week high of $32.95. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.58 and a current ratio of 0.62. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 28.29 and a beta of 1.00. The company has a 50 day moving average price of $28.67 and a 200 day moving average price of $26.41.

Cinemark (NYSE:CNK) last released its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $643.10 million during the quarter, compared to analysts’ expectations of $632.74 million. Cinemark had a net margin of 5.31% and a return on equity of 41.31%. Cinemark’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.32) EPS. Research analysts forecast that Cinemark Holdings Inc will post 2.11 EPS for the current year.

Cinemark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 28th. Cinemark’s dividend payout ratio is currently 31.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CNK shares. The Goldman Sachs Group reissued a “sell” rating and set a $22.00 price objective on shares of Cinemark in a research note on Thursday, February 19th. Benchmark reaffirmed a “buy” rating on shares of Cinemark in a research report on Thursday, February 19th. Wall Street Zen raised Cinemark from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Barrington Research reiterated an “outperform” rating and issued a $36.00 price target on shares of Cinemark in a research report on Monday, May 4th. Finally, Roth Mkm reissued a “buy” rating and issued a $37.00 price target on shares of Cinemark in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cinemark has a consensus rating of “Moderate Buy” and a consensus price target of $33.77.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.