Sciencast Management LP bought a new position in shares of Cinemark Holdings, Inc. (NYSE:CNK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 7,971 shares of the company’s stock, valued at approximately $279,000.
A number of other hedge funds also recently made changes to their positions in the business. Cerebellum GP LLC bought a new position in shares of Cinemark during the 4th quarter worth approximately $118,000. Ffcm LLC bought a new position in shares of Cinemark during the 3rd quarter worth approximately $125,000. Zions Bancorporation bought a new position in shares of Cinemark during the 3rd quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cinemark by 54.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,862 shares of the company’s stock worth $204,000 after acquiring an additional 2,070 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Cinemark during the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
In other Cinemark news, EVP Tom Owens sold 9,213 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the sale, the executive vice president now owns 42,722 shares of the company’s stock, valued at approximately $1,537,992. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Valmir Fernandes sold 6,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $43.59, for a total value of $261,540.00. Following the sale, the insider now directly owns 103,582 shares of the company’s stock, valued at approximately $4,515,139.38. The disclosure for this sale can be found here. 9.20% of the stock is currently owned by company insiders.
Several brokerages have recently weighed in on CNK. ValuEngine cut shares of Cinemark from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of Cinemark from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Royal Bank of Canada raised shares of Cinemark from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $33.91 to $40.00 in a research note on Wednesday, January 10th. Barrington Research reaffirmed a “buy” rating and set a $49.00 price target on shares of Cinemark in a research note on Friday, March 2nd. Finally, Morgan Stanley raised their price target on shares of Cinemark from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Cinemark presently has a consensus rating of “Hold” and an average price target of $42.46.
Cinemark Holdings, Inc. (NYSE CNK) opened at $39.11 on Friday. Cinemark Holdings, Inc. has a 52 week low of $32.03 and a 52 week high of $44.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.45. The firm has a market cap of $4,555.18, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.10 and a beta of 0.94.
Cinemark (NYSE:CNK) last released its earnings results on Friday, February 23rd. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.35. Cinemark had a net margin of 8.83% and a return on equity of 19.48%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $745.92 million. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. research analysts anticipate that Cinemark Holdings, Inc. will post 2.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This is a boost from Cinemark’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 3.27%. Cinemark’s dividend payout ratio (DPR) is currently 56.39%.
ILLEGAL ACTIVITY NOTICE: “7,971 Shares in Cinemark Holdings, Inc. (CNK) Acquired by Sciencast Management LP” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.thelincolnianonline.com/2018/03/18/7971-shares-in-cinemark-holdings-inc-cnk-acquired-by-sciencast-management-lp.html.
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.
Receive News & Ratings for Cinemark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark and related companies with MarketBeat.com's FREE daily email newsletter.