Cinemark Holdings Inc $CNK Stock Holdings Increased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. grew its holdings in shares of Cinemark Holdings Inc (NYSE:CNK) by 80.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 41,764 shares of the company’s stock after acquiring an additional 18,579 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Cinemark were worth $1,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Cinemark by 118.5% during the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 507 shares during the period. Leonteq Securities AG acquired a new stake in Cinemark in the fourth quarter worth about $83,000. GAMMA Investing LLC grew its position in Cinemark by 51.8% in the 4th quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock valued at $93,000 after buying an additional 1,372 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Cinemark in the 4th quarter valued at about $102,000. Finally, Bayforest Capital Ltd acquired a new position in Cinemark during the 4th quarter valued at about $121,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research downgraded shares of Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley boosted their target price on Cinemark from $30.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Barrington Research restated an “outperform” rating and issued a $36.00 target price on shares of Cinemark in a research report on Monday, May 4th. Finally, Benchmark increased their price target on Cinemark from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.46.

Cinemark Price Performance

Shares of NYSE CNK opened at $33.44 on Friday. Cinemark Holdings Inc has a twelve month low of $21.60 and a twelve month high of $34.73. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 5.03. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 29.59 and a beta of 1.00. The firm has a 50-day moving average of $29.64 and a two-hundred day moving average of $27.03.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $643.10 million for the quarter, compared to the consensus estimate of $632.74 million. Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.32) EPS. As a group, analysts expect that Cinemark Holdings Inc will post 2.18 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, May 28th. Cinemark’s dividend payout ratio (DPR) is presently 31.86%.

Cinemark Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.