Carillon Tower Advisers Inc. reduced its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 543,622 shares of the company’s stock after selling 10,921 shares during the period. Carillon Tower Advisers Inc. owned 0.47% of Cinemark worth $21,853,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Cinemark by 2.3% in the 2nd quarter. BlackRock Inc. now owns 11,535,809 shares of the company’s stock valued at $404,676,000 after purchasing an additional 254,393 shares during the period. Victory Capital Management Inc. boosted its holdings in Cinemark by 7.2% in the 2nd quarter. Victory Capital Management Inc. now owns 6,535,343 shares of the company’s stock valued at $229,260,000 after purchasing an additional 438,400 shares during the period. JPMorgan Chase & Co. boosted its holdings in Cinemark by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,381,965 shares of the company’s stock valued at $176,155,000 after purchasing an additional 205,898 shares during the period. Eagle Asset Management Inc. boosted its holdings in Cinemark by 5.9% in the 2nd quarter. Eagle Asset Management Inc. now owns 2,998,755 shares of the company’s stock valued at $105,196,000 after purchasing an additional 168,245 shares during the period. Finally, CI Investments Inc. boosted its holdings in Cinemark by 1.6% in the 3rd quarter. CI Investments Inc. now owns 2,852,873 shares of the company’s stock valued at $114,685,000 after purchasing an additional 44,450 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.
CNK has been the subject of a number of research reports. Imperial Capital increased their price target on shares of Cinemark from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Wedbush reissued a “buy” rating and issued a $43.00 price target on shares of Cinemark in a report on Monday, October 15th. MKM Partners increased their price target on shares of Cinemark to $47.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. ValuEngine raised shares of Cinemark from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, Royal Bank of Canada increased their price target on shares of Cinemark from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $43.90.
In other news, CFO Sean Gamble sold 7,468 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $40.90, for a total transaction of $305,441.20. Following the completion of the transaction, the chief financial officer now directly owns 92,673 shares of the company’s stock, valued at approximately $3,790,325.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.90% of the stock is currently owned by company insiders.
NYSE:CNK opened at $38.96 on Friday. The stock has a market cap of $4.56 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80. Cinemark Holdings, Inc. has a 52 week low of $33.36 and a 52 week high of $44.00. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 1.36.
Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, November 2nd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $754.20 million during the quarter, compared to the consensus estimate of $730.27 million. Cinemark had a net margin of 9.12% and a return on equity of 19.92%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, equities research analysts expect that Cinemark Holdings, Inc. will post 2.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Tuesday, December 4th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, December 3rd. Cinemark’s payout ratio is 56.64%.
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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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