PNC Financial Services Group Inc. cut its position in Cinemark Holdings Inc (NYSE:CNK) by 25.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,752 shares of the company’s stock after selling 3,253 shares during the period. PNC Financial Services Group Inc.’s holdings in Cinemark Holdings were worth $431,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CNK. Mawer Investment Management Ltd. increased its position in shares of Cinemark Holdings by 42.3% in the first 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. Russell Investments Group Ltd. acquired a new position in shares of Cinemark Holdings during the fourth quarter valued at about $522,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Cinemark Holdings by 43.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,195 shares of the company’s stock valued at $123,000 after buying an additional 972 shares in the last quarter. First Midwest Bank Trust Division increased its position in shares of Cinemark Holdings by 19.8% in the first quarter. First Midwest Bank Trust Division now owns 8,957 shares of the company’s stock valued at $397,000 after buying an additional 1,480 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Cinemark Holdings by 1.2% in the first quarter. Mason Street Advisors LLC now owns 49,958 shares of the company’s stock valued at $2,215,000 after buying an additional 606 shares in the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.
Cinemark Holdings Inc (NYSE:CNK) traded up 1.48% during trading on Friday, hitting $39.14. 1,430,978 shares of the stock traded hands. The company’s 50 day moving average is $38.75 and its 200 day moving average is $41.35. The company has a market capitalization of $4.53 billion, a P/E ratio of 16.51 and a beta of 1.03. Cinemark Holdings Inc has a one year low of $36.08 and a one year high of $44.84.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. Cinemark Holdings had a net margin of 9.23% and a return on equity of 21.75%. The company had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. During the same period last year, the business earned $0.46 earnings per share. Cinemark Holdings’s revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Cinemark Holdings Inc will post $2.21 EPS for the current fiscal year.
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Several equities research analysts recently commented on the company. B. Riley reissued a “buy” rating and set a $53.50 target price on shares of Cinemark Holdings in a report on Tuesday, April 18th. Wedbush raised Cinemark Holdings from a “neutral” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Wednesday, July 26th. ValuEngine raised Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Finally, Morgan Stanley dropped their price target on Cinemark Holdings from $43.00 to $40.00 and set an “underweight” rating on the stock in a report on Thursday, July 6th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $43.30.
In related news, insider Valmir Fernandes sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $43.53, for a total value of $261,180.00. Following the sale, the insider now directly owns 85,505 shares of the company’s stock, valued at $3,722,032.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.20% of the stock is currently owned by company insiders.
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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