Cinemark Holdings Inc $CNK Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its holdings in shares of Cinemark Holdings Inc (NYSE:CNK) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,056 shares of the company’s stock after selling 16,640 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.07% of Cinemark worth $1,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CNK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cinemark by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,699 shares of the company’s stock worth $1,635,000 after buying an additional 2,872 shares during the period. Woodline Partners LP acquired a new stake in Cinemark in the first quarter worth approximately $570,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cinemark by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 345,258 shares of the company’s stock worth $8,593,000 after purchasing an additional 25,490 shares during the period. Acadian Asset Management LLC acquired a new stake in Cinemark in the first quarter worth approximately $372,000. Finally, Russell Investments Group Ltd. lifted its position in Cinemark by 48.0% in the second quarter. Russell Investments Group Ltd. now owns 5,228 shares of the company’s stock worth $158,000 after purchasing an additional 1,696 shares during the period.

Cinemark Price Performance

Shares of NYSE:CNK opened at $32.15 on Tuesday. The company’s fifty day moving average is $29.05 and its two-hundred day moving average is $26.54. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 5.03. Cinemark Holdings Inc has a 12-month low of $21.60 and a 12-month high of $34.40. The company has a market cap of $3.75 billion, a P/E ratio of 28.45 and a beta of 1.00.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The firm had revenue of $643.10 million for the quarter, compared to analyst estimates of $632.74 million. During the same period last year, the firm earned ($0.32) earnings per share. Cinemark’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts expect that Cinemark Holdings Inc will post 2.16 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 28th. Cinemark’s payout ratio is 31.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CNK shares. The Goldman Sachs Group restated a “sell” rating and issued a $22.00 target price on shares of Cinemark in a research report on Thursday, February 19th. Wall Street Zen upgraded Cinemark from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Roth Mkm reiterated a “buy” rating and set a $37.00 price objective on shares of Cinemark in a research report on Thursday, April 23rd. Zacks Research downgraded Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Barrington Research reiterated an “outperform” rating and set a $36.00 price objective on shares of Cinemark in a research report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.31.

Cinemark Company 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.