Cinemark Holdings, Inc. (NYSE:CNK) EVP Tom Owens sold 9,213 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the sale, the executive vice president now owns 42,722 shares in the company, valued at approximately $1,537,992. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Cinemark Holdings, Inc. (NYSE:CNK) opened at $35.32 on Friday. Cinemark Holdings, Inc. has a one year low of $32.03 and a one year high of $44.84. The company has a market cap of $4,113.61, a P/E ratio of 16.90, a P/E/G ratio of 1.04 and a beta of 1.18. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.50.
Cinemark (NYSE:CNK) last released 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). Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The business had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. During the same period in the prior year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. equities analysts predict that Cinemark Holdings, Inc. will post 1.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, November 30th. Cinemark’s dividend payout ratio is presently 54.98%.
Several research firms recently weighed in on CNK. Wedbush set a $38.00 price objective on shares of Cinemark and gave the stock a “buy” rating in a research note on Monday, January 8th. Royal Bank of Canada upgraded shares of Cinemark from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $33.91 to $40.00 in a research report on Wednesday. Credit Suisse Group decreased their target price on shares of Cinemark from $34.00 to $30.00 and set an “underperform” rating for the company in a research report on Thursday, September 28th. B. Riley set a $47.00 target price on shares of Cinemark and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Cinemark in a research report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $42.00.
A number of hedge funds have recently added to or reduced their stakes in CNK. Victory Capital Management Inc. lifted its position in shares of Cinemark by 1,771.5% in the 3rd 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 in the last quarter. FMR LLC lifted its position in shares of Cinemark by 17.5% in the 2nd quarter. FMR LLC now owns 11,685,034 shares of the company’s stock valued at $453,963,000 after acquiring an additional 1,742,861 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Cinemark by 5,955.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock valued at $40,236,000 after acquiring an additional 1,085,334 shares in the last quarter. AXA lifted its position in shares of Cinemark by 1,227.3% in the 2nd quarter. AXA now owns 504,240 shares of the company’s stock valued at $19,590,000 after acquiring an additional 466,250 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Cinemark by 4.3% in the 2nd 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 in the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.
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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.
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