Mutual of America Capital Management LLC raised its stake in Cinemark Holdings, Inc. (NYSE:CNK) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,431 shares of the company’s stock after purchasing an additional 2,405 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Cinemark worth $3,079,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in CNK. Cable Hill Partners LLC lifted its holdings in shares of Cinemark by 3,300.0% in the third quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock worth $107,000 after acquiring an additional 2,871 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Cinemark in the fourth quarter valued at approximately $118,000. Ffcm LLC acquired a new position in shares of Cinemark in the third quarter valued at approximately $125,000. Zions Bancorporation acquired a new position in shares of Cinemark in the third quarter valued at approximately $125,000. Finally, Advisor Group Inc. increased its stake in shares of Cinemark by 2.3% in the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 94.43% of the company’s stock.
Shares of Cinemark Holdings, Inc. (NYSE:CNK) traded down $0.30 during trading hours on Friday, reaching $39.03. The company’s stock had a trading volume of 985,661 shares, compared to its average volume of 1,487,190. 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 Holdings, Inc. has a fifty-two week low of $32.03 and a fifty-two week high of $44.84. The company has a market cap of $4,580.64, a PE ratio of 18.50, a PEG ratio of 1.09 and a beta of 1.15.
CNK has been the subject of several recent research reports. MKM Partners lowered their price objective on Cinemark to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Wedbush set a $42.00 target price on shares of Cinemark and gave the company a “buy” rating in a research report on Monday, October 30th. B. Riley reissued a “buy” rating and set a $47.00 target price on shares of Cinemark in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Cinemark from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Royal Bank of Canada upgraded Cinemark from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $33.91 to $40.00 in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Cinemark has an average rating of “Hold” and a consensus target price of $41.61.
In other news, Director Lee Roy Mitchell sold 174,607 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $36.72, for a total transaction of $6,411,569.04. Following the completion of the sale, the director now directly owns 5,528,843 shares of the company’s stock, valued at approximately $203,019,114.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Tom Owens sold 9,213 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $36.00, for a total value of $331,668.00. Following the sale, the executive vice president now directly owns 42,722 shares of the company’s stock, valued at $1,537,992. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 483,820 shares of company stock worth $17,672,093. Company insiders own 9.20% of the company’s stock.
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Cinemark Company Profile
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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