Cinemark Holdings Inc $CNK Position Boosted by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its position in Cinemark Holdings Inc (NYSE:CNK) by 80.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,764 shares of the company’s stock after purchasing an additional 18,579 shares during the period. GHP Investment Advisors Inc.’s holdings in Cinemark were worth $1,191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Cinemark by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $28,000 after buying an additional 507 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Cinemark during the 4th quarter valued at approximately $83,000. GAMMA Investing LLC boosted its holdings in Cinemark by 51.8% in the fourth quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock worth $93,000 after purchasing an additional 1,372 shares during the period. Kestra Advisory Services LLC acquired a new position in Cinemark in the fourth quarter worth $102,000. Finally, Bayforest Capital Ltd bought a new stake in Cinemark during the fourth quarter valued at $121,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNK. Barrington Research restated an “outperform” rating and issued a $36.00 price target on shares of Cinemark in a research report on Monday, May 4th. Benchmark boosted their price objective on shares of Cinemark from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Wells Fargo & Company increased their price objective on shares of Cinemark from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. B. Riley Financial raised their target price on shares of Cinemark from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $37.00 target price on shares of Cinemark in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cinemark presently has an average rating of “Moderate Buy” and a consensus price target of $34.46.

Cinemark Stock Performance

Shares of CNK opened at $33.44 on Friday. Cinemark Holdings Inc has a 1 year low of $21.60 and a 1 year high of $34.73. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 29.59 and a beta of 1.00. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.58 and a current ratio of 0.62. The firm has a fifty day moving average of $29.64 and a 200-day moving average of $27.03.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The firm had revenue of $643.10 million during the quarter, compared to analyst estimates of $632.74 million. During the same period last year, the business earned ($0.32) EPS. The firm’s revenue was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that Cinemark Holdings Inc will post 2.18 earnings per share for the current year.

Cinemark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were given a $0.09 dividend. The ex-dividend date was Thursday, May 28th. This represents a $0.36 annualized dividend and a yield of 1.1%. Cinemark’s dividend payout ratio is 31.86%.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.