Retirement Systems of Alabama raised its position in Cinemark Holdings Inc (NYSE:CNK) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 286,441 shares of the company’s stock after buying an additional 54 shares during the period. Retirement Systems of Alabama owned 0.25% of Cinemark Holdings worth $11,128,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of CNK. BlackRock Inc. boosted its position in shares of Cinemark Holdings by 13,956.8% in the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock worth $490,657,000 after buying an additional 10,987,085 shares during the last quarter. FMR LLC boosted its position in shares of Cinemark Holdings by 83.9% in the first quarter. FMR LLC now owns 9,942,173 shares of the company’s stock worth $440,836,000 after buying an additional 4,534,853 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Cinemark Holdings by 42.3% in the first quarter. Mawer Investment Management Ltd. now owns 3,256,308 shares of the company’s stock worth $144,385,000 after buying an additional 967,579 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Cinemark Holdings by 8.6% in the first quarter. Vanguard Group Inc. now owns 9,003,092 shares of the company’s stock worth $399,198,000 after buying an additional 714,887 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Cinemark Holdings by 190.5% in the first quarter. Citadel Advisors LLC now owns 445,355 shares of the company’s stock worth $19,747,000 after buying an additional 292,073 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.
Shares of Cinemark Holdings Inc (NYSE:CNK) opened at 36.82 on Friday. Cinemark Holdings Inc has a 52 week low of $36.79 and a 52 week high of $44.84. The stock’s 50 day moving average is $38.26 and its 200-day moving average is $41.23. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 15.74 and a beta of 1.03.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $751.20 million for the quarter, compared to the consensus estimate of $751.72 million. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. On average, equities analysts anticipate that Cinemark Holdings Inc will post $2.16 earnings per share for the current year.
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A number of equities analysts have issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $43.00 price objective on shares of Cinemark Holdings in a research report on Wednesday. BidaskClub upgraded shares of Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday. B. Riley restated a “buyl” rating on shares of Cinemark Holdings in a research report on Monday. Barrington Research decreased their price objective on shares of Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Wedbush restated a “buy” rating on shares of Cinemark Holdings in a research report on Monday. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.07.
Cinemark Holdings 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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