Stevens Capital Management LP acquired a new stake in Cinemark Holdings, Inc. (NYSE:CNK) during the third quarter, according to its most recent filing with the SEC. The firm acquired 21,276 shares of the company’s stock, valued at approximately $855,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bruderman Asset Management LLC boosted its position in shares of Cinemark by 76.6% in the 2nd quarter. Bruderman Asset Management LLC now owns 4,000 shares of the company’s stock worth $140,000 after purchasing an additional 1,735 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Cinemark in the 3rd quarter worth $168,000. Stratos Wealth Partners LTD. bought a new position in shares of Cinemark in the 3rd quarter worth $171,000. Keybank National Association OH bought a new position in shares of Cinemark in the 3rd quarter worth $202,000. Finally, BB&T Corp bought a new position in shares of Cinemark in the 3rd quarter worth $225,000.

In other Cinemark news, CFO Sean Gamble sold 7,468 shares of Cinemark stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $40.90, for a total value of $305,441.20. Following the sale, the chief financial officer now owns 92,673 shares of the company’s stock, valued at approximately $3,790,325.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.90% of the company’s stock.

CNK has been the topic of several recent research reports. Zacks Investment Research upgraded Cinemark from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, November 28th. Royal Bank of Canada raised their price objective on Cinemark from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, November 5th. Imperial Capital raised their price objective on Cinemark from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 2nd. Morgan Stanley raised their price objective on Cinemark from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 18th. Finally, ValuEngine raised Cinemark from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Cinemark currently has a consensus rating of “Buy” and a consensus price target of $43.90.

Shares of Cinemark stock opened at $38.93 on Friday. The firm has a market cap of $4.63 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.28 and a beta of 0.79. Cinemark Holdings, Inc. has a 12 month low of $33.36 and a 12 month high of $44.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.20 and a current ratio of 1.24.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, November 2nd. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.09. Cinemark had a return on equity of 19.92% and a net margin of 9.12%. The business had revenue of $754.20 million for the quarter, compared to the consensus estimate of $730.27 million. During the same quarter last year, the business posted $0.33 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that Cinemark Holdings, Inc. will post 2.06 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, December 4th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, December 3rd. Cinemark’s dividend payout ratio is 56.64%.

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About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of October 15, 2018, it operated 539 theatres with 5,998 screens in 41 states of the United States, Brazil, Argentina, Chile, and 12 other Latin American countries. The company was incorporated in 2006 and is headquartered in Plano, Texas.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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