Emerald Advisers Inc. PA grew its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 8.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 66,529 shares of the company’s stock after acquiring an additional 5,018 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Cinemark were worth $2,674,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in CNK. Atria Investments LLC lifted its holdings in shares of Cinemark by 64.1% in the second quarter. Atria Investments LLC now owns 11,466 shares of the company’s stock valued at $402,000 after buying an additional 4,480 shares during the period. Royal Bank of Canada lifted its holdings in shares of Cinemark by 10.4% in the first quarter. Royal Bank of Canada now owns 110,946 shares of the company’s stock valued at $4,179,000 after buying an additional 10,434 shares during the period. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Cinemark by 1.2% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 210,529 shares of the company’s stock valued at $7,379,000 after buying an additional 2,472 shares during the period. Brookstone Capital Management acquired a new stake in shares of Cinemark in the second quarter valued at $511,000. Finally, Strs Ohio acquired a new stake in shares of Cinemark in the second quarter valued at $356,000. Institutional investors own 99.13% of the company’s stock.
Several brokerages have recently weighed in on CNK. B. Riley restated a “buy” rating on shares of Cinemark in a report on Monday, August 6th. Barrington Research restated a “buy” rating and issued a $47.00 price objective on shares of Cinemark in a report on Monday, August 13th. MKM Partners upped their price objective on Cinemark to $47.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. Wedbush set a $43.00 price objective on Cinemark and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Morgan Stanley cut their price objective on Cinemark from $42.00 to $39.00 and set a “$34.56” rating for the company in a report on Monday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.25.
Shares of Cinemark stock opened at $40.55 on Friday. The firm has a market cap of $4.86 billion, a PE ratio of 17.47, a P/E/G ratio of 1.44 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 1.38. Cinemark Holdings, Inc. has a 12-month low of $32.60 and a 12-month high of $44.00.
Cinemark (NYSE:CNK) last announced its earnings results on Friday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $754.20 million for the quarter, compared to analyst estimates of $730.27 million. Cinemark had a return on equity of 19.49% and a net margin of 8.86%. Cinemark’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. Equities research analysts predict that Cinemark Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of June 30, 2018, the company operated 539 theatres and 5,998 screens.
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