First Mercantile Trust Co. lessened its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,900 shares of the company’s stock after selling 700 shares during the quarter. First Mercantile Trust Co.’s holdings in Cinemark were worth $460,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. DNB Asset Management AS acquired a new position in Cinemark during the second quarter worth about $25,830,000. Renaissance Technologies LLC increased its stake in shares of Cinemark by 23.0% in the second quarter. Renaissance Technologies LLC now owns 2,932,900 shares of the company’s stock valued at $105,878,000 after buying an additional 548,900 shares during the period. Victory Capital Management Inc. increased its stake in shares of Cinemark by 9.3% in the second quarter. Victory Capital Management Inc. now owns 5,683,649 shares of the company’s stock valued at $205,180,000 after buying an additional 483,773 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Cinemark by 272.4% in the second quarter. Nuveen Asset Management LLC now owns 640,999 shares of the company’s stock valued at $23,141,000 after buying an additional 468,857 shares during the period. Finally, APG Asset Management N.V. acquired a new position in shares of Cinemark in the second quarter valued at approximately $11,710,000. 99.60% of the stock is owned by institutional investors.
Shares of Cinemark stock traded up $0.16 during trading hours on Friday, hitting $36.14. 21,198 shares of the company’s stock traded hands, compared to its average volume of 1,091,418. Cinemark Holdings, Inc. has a 12-month low of $34.49 and a 12-month high of $43.51. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.06 and a beta of 0.68. The company has a fifty day simple moving average of $37.12 and a 200-day simple moving average of $38.27. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.95 and a quick ratio of 0.92.
Cinemark (NYSE:CNK) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.23). Cinemark had a return on equity of 14.25% and a net margin of 5.60%. The firm had revenue of $821.82 million during the quarter, compared to analysts’ expectations of $807.69 million. During the same period last year, the business posted $0.43 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that Cinemark Holdings, Inc. will post 2.27 EPS for the current fiscal year.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Cinemark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Wedbush reiterated a “buy” rating and issued a $45.00 target price on shares of Cinemark in a report on Tuesday. TheStreet cut Cinemark from a “b-” rating to a “c+” rating in a report on Wednesday. ValuEngine upgraded Cinemark from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley cut their price target on Cinemark from $41.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Cinemark presently has a consensus rating of “Buy” and a consensus price target of $43.60.
Cinemark Company Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.
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