Comgest Global Investors S.A.S. cut its position in shares of Cinemark Holdings Inc. (NYSE:CNK) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,455,930 shares of the company’s stock after selling 3,000 shares during the period. Cinemark Holdings makes up 1.6% of Comgest Global Investors S.A.S.’s holdings, making the stock its 16th largest position. Comgest Global Investors S.A.S.’s holdings in Cinemark Holdings were worth $53,083,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Cinemark Holdings by 1.9% in the first quarter. State Street Corp now owns 2,872,665 shares of the company’s stock worth $102,927,000 after buying an additional 52,616 shares during the period. Wellington Management Group LLP boosted its stake in shares of Cinemark Holdings by 4.3% in the first quarter. Wellington Management Group LLP now owns 1,677,659 shares of the company’s stock worth $60,111,000 after buying an additional 68,571 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Cinemark Holdings by 231.2% in the first quarter. Squarepoint Ops LLC now owns 27,124 shares of the company’s stock worth $972,000 after buying an additional 18,935 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Cinemark Holdings by 0.4% in the first quarter. Teachers Advisors Inc. now owns 93,697 shares of the company’s stock worth $3,357,000 after buying an additional 404 shares during the period. Finally, BlueMountain Capital Management LLC boosted its stake in shares of Cinemark Holdings by 240.8% in the first quarter. BlueMountain Capital Management LLC now owns 29,292 shares of the company’s stock worth $1,050,000 after buying an additional 20,697 shares during the period. 88.53% of the stock is owned by institutional investors.
Cinemark Holdings Inc. (NYSE:CNK) traded down 0.78% during mid-day trading on Thursday, reaching $38.13. 297,813 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.41 billion, a P/E ratio of 20.40 and a beta of 1.04. Cinemark Holdings Inc. has a one year low of $26.56 and a one year high of $39.45. The company’s 50-day moving average is $38.29 and its 200 day moving average is $36.35.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The firm earned $744.40 million during the quarter, compared to analyst estimates of $746.05 million. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities analysts predict that Cinemark Holdings Inc. will post $1.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Wednesday, August 31st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.83%. The ex-dividend date was Monday, August 29th. Cinemark Holdings’s dividend payout ratio is currently 58.06%.
Several equities research analysts have weighed in on CNK shares. Drexel Hamilton cut shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research report on Wednesday, August 10th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Cinemark Holdings in a research report on Sunday, July 10th. Wunderlich upped their price objective on shares of Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Wedbush restated a “neutral” rating and issued a $40.00 price objective on shares of Cinemark Holdings in a report on Thursday, September 22nd. Finally, Stifel Nicolaus restated a “buy” rating on shares of Cinemark Holdings in a report on Friday, June 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Cinemark Holdings presently has a consensus rating of “Hold” and a consensus price target of $40.46.
About Cinemark Holdings
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
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