OxFORD Asset Management LLP Acquires 11,098 Shares of Cinemark Holdings Inc (CNK)
OxFORD Asset Management LLP lifted its holdings in Cinemark Holdings Inc (NYSE:CNK) by 18.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,464 shares of the company’s stock after acquiring an additional 11,098 shares during the quarter. OxFORD Asset Management LLP owned 0.06% of Cinemark Holdings worth $2,738,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. 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 acquiring an additional 84 shares during the period. Quantbot Technologies LP purchased a new position in Cinemark Holdings during the second quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Cinemark Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock valued at $147,000 after acquiring an additional 330 shares during the period. Advisors Asset Management Inc. lifted its holdings in Cinemark Holdings by 224.8% in the second quarter. Advisors Asset Management Inc. now owns 4,752 shares of the company’s stock valued at $185,000 after acquiring an additional 3,289 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Cinemark Holdings in the first quarter valued at approximately $213,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.
In related news, CEO Mark Zoradi bought 5,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $32.19 per share, for a total transaction of $160,950.00. Following the transaction, the chief executive officer now owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.10% of the stock is currently owned by company insiders.
Several equities research analysts have commented on CNK shares. Credit Suisse Group lowered their price objective on Cinemark Holdings from $34.00 to $30.00 and set an “underperform” rating on the stock in a research report on Thursday, September 28th. Royal Bank Of Canada dropped their price objective on shares of Cinemark Holdings from $43.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday, September 25th. MKM Partners reaffirmed a “buy” rating and set a $46.00 target price on shares of Cinemark Holdings in a report on Monday, September 18th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Cinemark Holdings in a report on Sunday, September 17th. Finally, Zacks Investment Research upgraded shares of Cinemark Holdings from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $42.33.
Shares of Cinemark Holdings Inc (NYSE CNK) opened at 37.45 on Wednesday. The stock’s 50 day moving average is $34.76 and its 200-day moving average is $39.17. The stock has a market cap of $4.34 billion, a PE ratio of 16.00 and a beta of 1.10. Cinemark Holdings Inc has a 1-year low of $32.03 and a 1-year high of $44.84.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. The firm had revenue of $751.20 million for the quarter, compared to analyst estimates of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. Cinemark Holdings’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, analysts predict that Cinemark Holdings Inc will post $2.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Thursday, August 31st were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio (DPR) is currently 49.57%.
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About Cinemark Holdings
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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