Hodges Capital Management Inc. lifted its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 65.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 305,447 shares of the company’s stock after acquiring an additional 120,725 shares during the period. Hodges Capital Management Inc.’s holdings in Cinemark were worth $10,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the stock. Mork Capital Management LLC acquired a new stake in Cinemark in the 4th quarter valued at $992,000. Victory Capital Management Inc. grew its stake in Cinemark by 73.2% in the 4th quarter. Victory Capital Management Inc. now owns 6,081,823 shares of the company’s stock valued at $211,768,000 after acquiring an additional 2,570,923 shares during the period. Hamlin Capital Management LLC acquired a new stake in Cinemark in the 4th quarter valued at $28,010,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cinemark by 54.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,862 shares of the company’s stock valued at $204,000 after acquiring an additional 2,070 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in Cinemark by 2.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 88,431 shares of the company’s stock valued at $3,079,000 after acquiring an additional 2,405 shares during the period. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
In other Cinemark news, Director Lee Roy Mitchell sold 299,700 shares of Cinemark stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $36.43, for a total transaction of $10,918,071.00. Following the sale, the director now owns 5,528,843 shares of the company’s stock, valued at approximately $201,415,750.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tom Owens sold 9,213 shares of Cinemark stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the sale, the executive vice president now directly owns 42,722 shares in the company, valued at approximately $1,537,992. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 483,820 shares of company stock worth $17,672,093. 9.20% of the stock is currently owned by corporate insiders.
Cinemark (NYSE:CNK) last announced its earnings results on Friday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $0.56 EPS. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. sell-side analysts forecast that Cinemark Holdings, Inc. will post 1.92 earnings per share for the current year.
CNK has been the topic of a number of research analyst reports. Wedbush set a $42.00 price target on shares of Cinemark and gave the company a “buy” rating in a research note on Monday, October 30th. B. Riley set a $47.00 price target on shares of Cinemark and gave the company a “buy” rating in a research note on Wednesday, October 18th. MKM Partners dropped their price target on shares of Cinemark to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Zacks Investment Research raised shares of Cinemark from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday, February 1st. Finally, Morgan Stanley lifted their price target on shares of Cinemark from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.61.
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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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