Landscape Capital Management L.L.C. Has $1.88 Million Stock Holdings in Cinemark Holdings Inc $CNK

Landscape Capital Management L.L.C. cut its stake in Cinemark Holdings Inc (NYSE:CNK) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,056 shares of the company’s stock after selling 16,640 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Cinemark were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of Cinemark by 20.1% in the third quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after acquiring an additional 506 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Cinemark by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock worth $548,000 after acquiring an additional 507 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Cinemark by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 507 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Cinemark by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 20,176 shares of the company’s stock worth $469,000 after acquiring an additional 619 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Cinemark by 11.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,680 shares of the company’s stock worth $204,000 after acquiring an additional 859 shares during the last quarter.

Cinemark Stock Down 4.9%

CNK stock opened at $32.15 on Tuesday. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.62 and a quick ratio of 0.58. Cinemark Holdings Inc has a 52-week low of $21.60 and a 52-week high of $34.40. The company has a 50-day moving average of $29.05 and a two-hundred day moving average of $26.54. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 28.45 and a beta of 1.00.

Cinemark (NYSE:CNK) last released its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The company had revenue of $643.10 million during the quarter, compared to the consensus estimate of $632.74 million. During the same quarter in the previous year, the business posted ($0.32) EPS. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities research analysts anticipate that Cinemark Holdings Inc will post 2.16 EPS for the current year.

Cinemark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 28th. Cinemark’s dividend payout ratio (DPR) is presently 31.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CNK. Wells Fargo & Company upped their price target on shares of Cinemark from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Benchmark reissued a “buy” rating on shares of Cinemark in a research report on Thursday, February 19th. Barrington Research reissued an “outperform” rating and set a $36.00 target price on shares of Cinemark in a research report on Monday, May 4th. Wall Street Zen raised shares of Cinemark from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Finally, Morgan Stanley increased their target price on shares of Cinemark from $30.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.31.

About Cinemark

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.