State of New Jersey Common Pension Fund D Has $11.66 Million Position in Cinemark Holdings Inc (CNK)
State of New Jersey Common Pension Fund D cut its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 14.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 300,000 shares of the company’s stock after selling 50,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cinemark Holdings were worth $11,655,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Welch & Forbes LLC bought a new stake in shares of Cinemark Holdings during the first quarter valued at approximately $210,000. First Midwest Bank Trust Division boosted its stake in shares of Cinemark Holdings by 19.8% in the first quarter. First Midwest Bank Trust Division now owns 8,957 shares of the company’s stock valued at $397,000 after buying an additional 1,480 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Cinemark Holdings by 2.3% in the first quarter. Janney Montgomery Scott LLC now owns 38,112 shares of the company’s stock valued at $1,690,000 after buying an additional 859 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Cinemark Holdings by 7.6% in the first quarter. Sit Investment Associates Inc. now owns 95,925 shares of the company’s stock valued at $4,253,000 after buying an additional 6,800 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its stake in shares of Cinemark Holdings by 2.2% in the first quarter. Naples Global Advisors LLC now owns 27,901 shares of the company’s stock valued at $1,237,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.
Cinemark Holdings Inc (NYSE CNK) opened at 37.89 on Thursday. The firm has a 50-day moving average price of $38.34 and a 200 day moving average price of $41.26. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 15.99 and a beta of 1.03. Cinemark Holdings Inc has a 52 week low of $36.95 and a 52 week 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 (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. The business had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities research analysts forecast that Cinemark Holdings Inc will post $2.16 earnings per share for the current fiscal year.
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Several brokerages recently commented on CNK. MKM Partners reiterated a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Cinemark Holdings in a report on Wednesday, April 26th. B. Riley reiterated a “buy” rating and issued a $53.50 target price on shares of Cinemark Holdings in a report on Thursday, April 27th. Royal Bank Of Canada upped their target price on Cinemark Holdings from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Monday, April 17th. Credit Suisse Group cut Cinemark Holdings from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $38.00 to $34.00 in a report on Thursday, June 22nd. Finally, Moffett Nathanson cut Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 target price on the stock. in a report on Monday, June 12th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Cinemark Holdings currently has a consensus rating of “Hold” and a consensus target price of $43.00.
In other news, insider Valmir Fernandes sold 6,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $43.53, for a total value of $261,180.00. Following the completion of the transaction, the insider now owns 85,505 shares in the company, valued at $3,722,032.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.20% of the stock is owned by insiders.
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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