QS Investors LLC Has $3,507,000 Stake in Cinemark Holdings Inc (CNK)
QS Investors LLC continued to hold its stake in shares of Cinemark Holdings Inc (NYSE:CNK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,259 shares of the company’s stock at the close of the second quarter. QS Investors LLC owned approximately 0.08% of Cinemark Holdings worth $3,507,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in Cinemark Holdings by 13,956.8% during the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock valued at $490,657,000 after purchasing an additional 10,987,085 shares in the last quarter. FMR LLC boosted its position in Cinemark Holdings by 17.5% during the second quarter. FMR LLC now owns 11,685,034 shares of the company’s stock valued at $453,963,000 after purchasing an additional 1,742,861 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Cinemark Holdings by 5,955.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock valued at $40,236,000 after purchasing an additional 1,085,334 shares in the last quarter. Jennison Associates LLC boosted its position in Cinemark Holdings by 32.9% during the second quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock valued at $154,960,000 after purchasing an additional 988,361 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Cinemark Holdings by 8.6% during the first quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock valued at $399,198,000 after purchasing an additional 714,887 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.
A number of equities research analysts recently weighed in on CNK shares. J P Morgan Chase & Co dropped their price objective on Cinemark Holdings from $47.00 to $42.00 in a research report on Tuesday, August 22nd. Wedbush reaffirmed a “buy” rating on shares of Cinemark Holdings in a research report on Monday, August 7th. B. Riley set a $48.00 price objective on Cinemark Holdings and gave the company a “buy” rating in a research report on Saturday, August 5th. ValuEngine raised Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, BidaskClub raised Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Cinemark Holdings currently has an average rating of “Hold” and a consensus price target of $42.21.
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In other Cinemark Holdings news, CEO Mark Zoradi acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average price of $32.19 per share, for a total transaction of $160,950.00. Following the acquisition, the chief executive officer now owns 172,456 shares in the company, valued at approximately $5,551,358.64. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.20% of the company’s stock.
Shares of Cinemark Holdings Inc (NYSE:CNK) opened at 37.43 on Thursday. The firm has a 50-day moving average price of $34.80 and a 200 day moving average price of $39.15. Cinemark Holdings Inc has a one year low of $32.03 and a one year high of $44.84. The firm has a market cap of $4.34 billion, a P/E ratio of 16.00 and a beta of 1.10.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The business had revenue of $751.20 million for the quarter, compared to the consensus estimate of $751.72 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts forecast that Cinemark Holdings Inc will post $2.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were issued a $0.29 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. Cinemark Holdings’s payout ratio is currently 49.57%.
Cinemark Holdings Company 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.
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