AMG Funds LLC raised its holdings in shares of Cinemark Holdings Inc (NYSE:CNK) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,482 shares of the company’s stock after purchasing an additional 361 shares during the period. AMG Funds LLC’s holdings in Cinemark Holdings were worth $1,922,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Cinemark Holdings by 15.4% in the 2nd quarter. Victory Capital Management Inc. now owns 187,598 shares of the company’s stock worth $7,288,000 after buying an additional 25,083 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Cinemark Holdings by 3.0% in the 1st quarter. Macquarie Group Ltd. now owns 1,538,047 shares of the company’s stock worth $68,197,000 after buying an additional 44,210 shares during the last quarter. Soros Fund Management LLC purchased a new position in shares of Cinemark Holdings in the 1st quarter worth $310,000. Mawer Investment Management Ltd. boosted its stake in shares of Cinemark Holdings by 42.3% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,256,308 shares of the company’s stock worth $144,385,000 after buying an additional 967,579 shares during the last quarter. Finally, Partners Value Investments LP boosted its stake in shares of Cinemark Holdings by 46.0% in the 2nd quarter. Partners Value Investments LP now owns 73,000 shares of the company’s stock worth $2,836,000 after buying an additional 23,000 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.
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Cinemark Holdings Inc (NYSE:CNK) opened at 36.49 on Friday. The firm has a market capitalization of $4.23 billion, a P/E ratio of 15.59 and a beta of 1.06. The company has a 50 day moving average price of $35.22 and a 200 day moving average price of $39.67. Cinemark Holdings Inc has a 52-week low of $32.03 and a 52-week high of $44.84.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The company had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Cinemark Holdings Inc will post $2.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Tuesday, August 29th. Cinemark Holdings’s payout ratio is currently 49.57%.
In other Cinemark Holdings news, CEO Mark Zoradi acquired 5,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.20% of the stock is owned by corporate insiders.
A number of research firms have recently issued reports on CNK. BidaskClub upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Wedbush reiterated a “buy” rating on shares of Cinemark Holdings in a research report on Monday, August 7th. Moffett Nathanson cut Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price target on the stock. in a report on Monday, June 12th. B. Riley reissued a “buyl” rating on shares of Cinemark Holdings in a report on Sunday, August 13th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Cinemark Holdings in a report on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $42.80.
About Cinemark Holdings
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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