Robeco Institutional Asset Management B.V. lifted its position in Cinemark Holdings, Inc. (NYSE:CNK) by 74.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,631 shares of the company’s stock after acquiring an additional 6,665 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cinemark were worth $625,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Enlightenment Research LLC purchased a new stake in shares of Cinemark in the 4th quarter valued at approximately $36,000. Quadrant Capital Group LLC lifted its position in Cinemark by 766.1% in the 1st quarter. Quadrant Capital Group LLC now owns 1,429 shares of the company’s stock worth $55,000 after buying an additional 1,264 shares in the last quarter. Starr International Co. Inc. purchased a new stake in Cinemark in the 1st quarter worth approximately $154,000. QS Investors LLC purchased a new stake in Cinemark in the 4th quarter worth approximately $162,000. Finally, Ffcm LLC lifted its position in Cinemark by 128.9% in the 4th quarter. Ffcm LLC now owns 4,865 shares of the company’s stock worth $174,000 after buying an additional 2,740 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.
In related news, insider Valmir Fernandes sold 4,033 shares of the firm’s 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 in the company, valued at approximately $4,943,323. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.00% of the company’s stock.
NYSE:CNK opened at $40.20 on Monday. Cinemark Holdings, Inc. has a 1 year low of $33.36 and a 1 year high of $43.51. 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 $4.71 billion, a P/E ratio of 21.97, a PEG ratio of 1.15 and a beta of 0.79.
Cinemark (NYSE:CNK) last posted its earnings results on Tuesday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Cinemark had a net margin of 5.85% and a return on equity of 12.61%. The business had revenue of $714.70 million for the quarter, compared to analyst estimates of $688.51 million. During the same period last year, the business posted $0.53 EPS. Cinemark’s revenue was down 8.4% compared to the same quarter last year. Research analysts forecast that Cinemark Holdings, Inc. will post 2.34 EPS for the current year.
CNK has been the topic of several analyst reports. Wedbush set a $46.00 price target on shares of Cinemark and gave the stock a “buy” rating in a research note on Friday, February 22nd. ValuEngine upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research lowered shares of Cinemark from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Finally, Loop Capital initiated coverage on shares of Cinemark in a research note 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. The company currently has a consensus rating of “Buy” and a consensus target price of $44.67.
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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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