BTR Capital Management Inc. Decreases Holdings in Cinemark Holdings Inc (CNK)

BTR Capital Management Inc. reduced its position in shares of Cinemark Holdings Inc (NYSE:CNK) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 210,838 shares of the company’s stock after selling 1,450 shares during the quarter. Cinemark Holdings comprises 1.6% of BTR Capital Management Inc.’s portfolio, making the stock its 28th largest holding. BTR Capital Management Inc. owned about 0.18% of Cinemark Holdings worth $7,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BB&T Corp boosted its stake in Cinemark Holdings by 0.3% during the 2nd quarter. BB&T Corp now owns 23,182 shares of the company’s stock valued at $900,000 after purchasing an additional 70 shares in the last quarter. Advisor Group Inc. boosted its stake in Cinemark Holdings by 2.3% during the 2nd quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after purchasing an additional 84 shares in the last quarter. Smithfield Trust Co. boosted its stake in Cinemark Holdings by 1.5% during the 2nd quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock valued at $223,000 after purchasing an additional 87 shares in the last quarter. Atria Investments LLC boosted its stake in Cinemark Holdings by 1.6% during the 2nd quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock valued at $235,000 after purchasing an additional 96 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in Cinemark Holdings by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock valued at $754,000 after purchasing an additional 100 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $43.00 price target on shares of Cinemark Holdings in a research note on Wednesday, August 9th. B. Riley reaffirmed a “buyl” rating on shares of Cinemark Holdings in a research note on Sunday, August 13th. BidaskClub lowered Cinemark Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Wedbush set a $42.00 price target on Cinemark Holdings and gave the company a “buy” rating in a research note on Monday. Finally, Barrington Research cut their price objective on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Cinemark Holdings currently has a consensus rating of “Hold” and a consensus price target of $41.85.

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In other Cinemark Holdings news, CEO Mark Zoradi bought 5,000 shares of the stock in a transaction on Friday, September 8th. The stock was purchased at an average price of $32.19 per share, with a total value of $160,950.00. Following the acquisition, the chief executive officer now owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 9.10% of the stock is currently owned by insiders.

Cinemark Holdings Inc (NYSE CNK) traded up 0.124% during mid-day trading on Tuesday, hitting $36.225. The stock had a trading volume of 394,393 shares. Cinemark Holdings Inc has a 1-year low of $32.03 and a 1-year high of $44.84. The company has a market cap of $4.20 billion, a P/E ratio of 15.481 and a beta of 1.10. The company has a 50-day moving average price of $36.05 and a 200 day moving average price of $38.22.

Cinemark Holdings (NYSE:CNK) last released its earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The firm had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. During the same quarter in the previous year, the business earned $0.46 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts forecast that Cinemark Holdings Inc will post $2.06 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Cinemark Holdings (NYSE:CNK)

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