Rhumbline Advisers grew its position in Cinemark Holdings, Inc. (NYSE:CNK) by 31.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,198 shares of the company’s stock after purchasing an additional 84,546 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Cinemark worth $14,204,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in CNK. Oregon Public Employees Retirement Fund raised its holdings 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 valued at $42,000 after purchasing an additional 1,458,538 shares in the last quarter. Norges Bank acquired a new stake in shares of Cinemark in the 4th quarter valued at $36,407,000. BlackRock Inc. raised its holdings in shares of Cinemark by 7.0% in the 4th 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 in the last quarter. Prudential Financial Inc. raised its holdings in shares of Cinemark by 858.5% in the 4th 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 in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Cinemark by 21.7% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.
NYSE CNK opened at $40.30 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $4.70 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.13 and a beta of 0.79. Cinemark Holdings, Inc. has a 12 month low of $33.36 and a 12 month high of $43.51.
Cinemark (NYSE:CNK) last posted its earnings results on Tuesday, May 7th. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. The firm had revenue of $714.70 million for the quarter, compared to the consensus estimate of $688.51 million. Cinemark had a net margin of 5.85% and a return on equity of 12.61%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. On average, research analysts forecast that Cinemark Holdings, Inc. will post 2.34 EPS for the current fiscal year.
A number of brokerages have recently weighed in on CNK. Zacks Investment Research lowered shares of Cinemark from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. ValuEngine raised shares of Cinemark from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Wedbush set a $46.00 target price on shares of Cinemark and gave the company a “buy” rating in a research report on Friday, February 22nd. Finally, Loop Capital initiated coverage on shares of Cinemark in a research report on Thursday, January 31st. They issued a “hold” rating and a $41.00 target price on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.67.
In related news, insider Valmir Fernandes sold 4,033 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $43.00, for a total value of $173,419.00. Following the transaction, the insider now directly owns 114,961 shares of the company’s stock, valued at approximately $4,943,323. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.00% of the company’s stock.
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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