First Quadrant L P CA reduced its position in Cinemark Holdings Inc (NYSE:CNK) by 56.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,550 shares of the company’s stock after selling 195,280 shares during the period. First Quadrant L P CA owned about 0.13% of Cinemark Holdings worth $5,451,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in Cinemark Holdings by 5.3% during the first quarter. Teachers Advisors LLC now owns 110,167 shares of the company’s stock worth $4,885,000 after buying an additional 5,551 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cinemark Holdings by 12.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,240,234 shares of the company’s stock worth $54,990,000 after purchasing an additional 140,404 shares in the last quarter. UBS Group AG lifted its stake in shares of Cinemark Holdings by 8.6% during the first quarter. UBS Group AG now owns 49,529 shares of the company’s stock worth $2,196,000 after purchasing an additional 3,941 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Cinemark Holdings during the first quarter worth about $213,000. Finally, State Street Corp lifted its stake in shares of Cinemark Holdings by 2.1% during the first quarter. State Street Corp now owns 2,788,160 shares of the company’s stock worth $123,630,000 after purchasing an additional 58,440 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on CNK shares. J P Morgan Chase & Co reduced their price objective on Cinemark Holdings from $47.00 to $42.00 in a research note on Tuesday, August 22nd. Wedbush reissued a “buy” rating on shares of Cinemark Holdings in a report on Monday, August 7th. B. Riley set a $48.00 target price on Cinemark Holdings and gave the company a “buy” rating in a report on Saturday, August 5th. ValuEngine raised Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Finally, BidaskClub raised Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Cinemark Holdings currently has an average rating of “Hold” and an average price target of $41.85.
In other Cinemark Holdings news, CEO Mark Zoradi bought 5,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were purchased at an average price of $32.83 per share, for a total transaction of $164,150.00. Following the acquisition, the chief executive officer now owns 167,456 shares in the company, valued at approximately $5,497,580.48. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 9.10% of the company’s stock.
Shares of Cinemark Holdings Inc (NYSE:CNK) opened at 36.34 on Wednesday. The company has a market capitalization of $4.21 billion, a PE ratio of 15.53 and a beta of 1.10. Cinemark Holdings Inc has a 1-year low of $32.03 and a 1-year high of $44.84. The stock’s 50 day moving average is $36.12 and its 200 day moving average is $38.20.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The business had revenue of $751.20 million for the quarter, compared to the consensus estimate of $751.72 million. During the same period in the previous year, the firm earned $0.46 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate 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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