Kayne Anderson Rudnick Investment Management LLC Purchases 45,818 Shares of Cinemark Holdings Inc (CNK)
Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Cinemark Holdings Inc (NYSE:CNK) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,350,375 shares of the company’s stock after acquiring an additional 45,818 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 2.02% of Cinemark Holdings worth $85,108,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNK. BB&T Corp grew its holdings in Cinemark Holdings by 0.3% during the second quarter. BB&T Corp now owns 23,182 shares of the company’s stock worth $900,000 after buying an additional 70 shares in the last quarter. Advisor Group Inc. grew its holdings in Cinemark Holdings by 2.3% during 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 in the last quarter. Smithfield Trust Co. grew its holdings in Cinemark Holdings by 1.5% during the second quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock worth $223,000 after buying an additional 87 shares in the last quarter. Atria Investments LLC grew its holdings in Cinemark Holdings by 1.6% during the second quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock worth $235,000 after buying an additional 96 shares in the last quarter. Finally, Utah Retirement Systems grew its holdings in Cinemark Holdings by 0.5% during the second quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock worth $754,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.
Several equities research analysts recently issued reports on CNK shares. Barrington Research decreased their price target on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, August 7th. Wedbush set a $42.00 price target on Cinemark Holdings and gave the stock a “buy” rating in a report on Monday, October 30th. MKM Partners reiterated a “buy” rating and set a $46.00 price target on shares of Cinemark Holdings in a report on Monday, September 18th. ValuEngine downgraded Cinemark Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Credit Suisse Group decreased their price target on Cinemark Holdings from $34.00 to $30.00 and set an “underperform” rating for the company in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.31.
In other news, CEO Mark Zoradi purchased 5,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were purchased at an average price of $32.83 per share, with a total value of $164,150.00. Following the transaction, the chief executive officer now directly owns 167,456 shares of the company’s stock, valued at $5,497,580.48. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 9.10% of the stock is owned by corporate insiders.
Shares of Cinemark Holdings Inc (CNK) traded up $0.33 during midday trading on Wednesday, hitting $34.29. The stock had a trading volume of 879,800 shares, compared to its average volume of 1,081,920. Cinemark Holdings Inc has a 1 year low of $32.03 and a 1 year high of $44.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46. The stock has a market cap of $3,955.22, a PE ratio of 16.25, a PEG ratio of 1.12 and a beta of 1.18.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Cinemark Holdings 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 earned $0.56 EPS. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. research analysts forecast that Cinemark Holdings Inc will post 2.02 earnings per share for the current fiscal year.
Cinemark Holdings 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.
Receive News & Ratings for Cinemark Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.