Cinemark Holdings Inc (NYSE:CNK) Director Lee Roy Mitchell sold 174,607 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $36.72, for a total value of $6,411,569.04. Following the completion of the transaction, the director now directly owns 5,528,843 shares in the company, valued at $203,019,114.96. The sale was disclosed in a filing with the SEC, which is available through this link.

Lee Roy Mitchell also recently made the following trade(s):

  • On Thursday, December 14th, Lee Roy Mitchell sold 299,700 shares of Cinemark stock. The shares were sold at an average price of $36.43, for a total value of $10,918,071.00.
  • On Tuesday, December 5th, Lee Roy Mitchell sold 300 shares of Cinemark stock. The shares were sold at an average price of $35.95, for a total value of $10,785.00.

Cinemark Holdings Inc (NYSE:CNK) traded down $0.53 during trading on Thursday, reaching $35.95. The company’s stock had a trading volume of 705,100 shares, compared to its average volume of 1,096,533. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $4,210.00, a P/E ratio of 17.45, a PEG ratio of 1.23 and a beta of 1.18. Cinemark Holdings Inc has a 1 year low of $32.03 and a 1 year high of $44.84.

Cinemark (NYSE:CNK) last posted its earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $710.70 million during the quarter, compared to the consensus estimate of $702.60 million. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. Cinemark’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. equities research analysts forecast that Cinemark Holdings Inc will post 1.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.23%. Cinemark’s dividend payout ratio (DPR) is 54.98%.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in Cinemark by 17.5% during the second quarter. FMR LLC now owns 11,685,034 shares of the company’s stock worth $453,963,000 after purchasing an additional 1,742,861 shares during the period. Vanguard Group Inc. grew its stake in Cinemark by 4.3% in the second quarter. Vanguard Group Inc. now owns 9,385,792 shares of the company’s stock valued at $364,639,000 after acquiring an additional 382,700 shares during the period. JPMorgan Chase & Co. grew its stake in Cinemark by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 6,095,192 shares of the company’s stock valued at $236,798,000 after acquiring an additional 160,113 shares during the period. Jennison Associates LLC grew its stake in Cinemark by 1.5% in the third quarter. Jennison Associates LLC now owns 4,049,006 shares of the company’s stock valued at $146,615,000 after acquiring an additional 60,330 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Cinemark by 1,771.5% in the third quarter. Victory Capital Management Inc. now owns 3,510,900 shares of the company’s stock valued at $127,129,000 after acquiring an additional 3,323,302 shares during the period. Institutional investors own 94.63% of the company’s stock.

Several research firms have recently issued reports on CNK. Wedbush set a $42.00 target price on Cinemark and gave the stock a “buy” rating in a report on Monday, October 30th. MKM Partners reissued a “buy” rating and set a $46.00 target price on shares of Cinemark in a report on Monday, September 18th. B. Riley reissued a “buy” rating and set a $47.00 target price on shares of Cinemark in a report on Tuesday, December 5th. Credit Suisse Group reduced their target price on Cinemark from $34.00 to $30.00 and set an “underperform” rating on the stock in a report on Thursday, September 28th. Finally, Zacks Investment Research lowered Cinemark from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Cinemark has an average rating of “Hold” and a consensus target price of $42.31.

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About Cinemark

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.

Insider Buying and Selling by Quarter for Cinemark (NYSE:CNK)

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