45,700 Shares in Cinemark Holdings Inc (CNK) Acquired by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL purchased a new stake in Cinemark Holdings Inc (NYSE:CNK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 45,700 shares of the company’s stock, valued at approximately $1,655,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in Cinemark by 9.8% in the 3rd quarter. Legal & General Group Plc now owns 139,973 shares of the company’s stock valued at $5,068,000 after purchasing an additional 12,526 shares during the period. Ffcm LLC bought a new stake in Cinemark in the 3rd quarter valued at $125,000. Nordea Investment Management AB boosted its stake in Cinemark by 2.6% in the 3rd quarter. Nordea Investment Management AB now owns 155,453 shares of the company’s stock valued at $5,629,000 after purchasing an additional 3,965 shares during the period. South Dakota Investment Council bought a new stake in shares of Cinemark during the 3rd quarter valued at $3,219,000. Finally, American International Group Inc. lifted its position in shares of Cinemark by 1.4% during the 3rd quarter. American International Group Inc. now owns 232,706 shares of the company’s stock valued at $8,426,000 after acquiring an additional 3,323 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Cinemark Holdings Inc (NYSE:CNK) opened at $35.67 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.50. Cinemark Holdings Inc has a fifty-two week low of $32.03 and a fifty-two week high of $44.84. The company has a market capitalization of $4,240.56, a price-to-earnings ratio of 17.42, a PEG ratio of 1.21 and a beta of 1.18.

Cinemark (NYSE:CNK) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Cinemark had a return on equity of 18.43% and a net margin of 8.36%. The business had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. During the same period last year, the firm posted $0.56 EPS. Cinemark’s quarterly revenue was down 7.5% on a year-over-year basis. research analysts expect that Cinemark Holdings Inc will post 2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.25%. Cinemark’s dividend payout ratio (DPR) is currently 54.98%.

In other Cinemark news, CEO Mark Zoradi purchased 5,000 shares of the stock in a transaction dated Friday, September 8th. The stock was bought 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.10% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “hold” rating and set a $43.00 target price on shares of Cinemark in a research report on Wednesday, August 9th. BidaskClub upgraded Cinemark from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Morgan Stanley upgraded Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 target price for the company in a research report on Thursday, October 5th. Wedbush reiterated an “outperform” rating and set a $44.00 target price on shares of Cinemark in a research report on Thursday, October 5th. Finally, B. Riley reiterated a “buyl” rating on shares of Cinemark in a research report on Sunday, August 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.31.

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About Cinemark

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 (NYSE:CNK)

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