Texas Permanent School Fund lifted its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,322 shares of the company’s stock after buying an additional 2,755 shares during the period. Texas Permanent School Fund owned approximately 0.06% of Cinemark worth $2,892,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CNK. Oregon Public Employees Retirement Fund lifted its stake in shares of Cinemark by 3,480.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,500,450 shares of the company’s stock worth $42,000 after acquiring an additional 1,458,538 shares during the period. Norges Bank acquired a new stake in shares of Cinemark in the fourth quarter valued at about $36,407,000. BlackRock Inc. lifted its stake in shares of Cinemark by 7.0% in the fourth quarter. BlackRock Inc. now owns 12,314,087 shares of the company’s stock valued at $440,843,000 after purchasing an additional 808,848 shares during the period. Prudential Financial Inc. lifted its stake in shares of Cinemark by 858.5% in the fourth quarter. Prudential Financial Inc. now owns 645,663 shares of the company’s stock valued at $23,115,000 after purchasing an additional 578,300 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in shares of Cinemark by 21.7% in the first quarter. Eagle Asset Management Inc. now owns 3,185,009 shares of the company’s stock valued at $127,368,000 after purchasing an additional 566,923 shares during the period. 96.19% of the stock is currently owned by institutional investors.
In other Cinemark news, insider Valmir Fernandes sold 4,033 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $43.00, for a total value of $173,419.00. Following the completion of the sale, the insider now directly owns 114,961 shares of the company’s stock, valued at approximately $4,943,323. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.00% of the stock is currently owned by corporate insiders.
CNK stock traded down $0.43 during trading on Thursday, hitting $39.87. The company had a trading volume of 11,444 shares, compared to its average volume of 1,180,139. The company has a market capitalization of $4.70 billion, a P/E ratio of 21.78, a PEG ratio of 1.13 and a beta of 0.79. Cinemark Holdings, Inc. has a fifty-two week low of $33.36 and a fifty-two week high of $43.51. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 2.18.
Cinemark (NYSE:CNK) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Cinemark had a net margin of 5.85% and a return on equity of 12.61%. The business had revenue of $714.70 million during the quarter, compared to the consensus estimate of $688.51 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts anticipate that Cinemark Holdings, Inc. will post 2.34 EPS for the current year.
Several research firms have weighed in on CNK. Wedbush set a $46.00 target price on shares of Cinemark and gave the company a “buy” rating in a report on Monday, April 22nd. Loop Capital began coverage on shares of Cinemark in a research report on Thursday, January 31st. They set a “hold” rating and a $41.00 price target on the stock. ValuEngine raised shares of Cinemark from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Finally, Zacks Investment Research cut shares of Cinemark from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.67.
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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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