Louisiana State Employees Retirement System reduced its position in shares of Cinemark Holdings Inc. (NYSE:CNK) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,100 shares of the company’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Cinemark Holdings were worth $1,025,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Park National Corp OH purchased a new position in Cinemark Holdings during the second quarter worth approximately $203,000. LS Investment Advisors LLC raised its position in Cinemark Holdings by 64.7% in the second quarter. LS Investment Advisors LLC now owns 6,453 shares of the company’s stock worth $235,000 after buying an additional 2,535 shares during the period. Credit Agricole S A purchased a new position in Cinemark Holdings during the first quarter worth approximately $264,000. Capstone Asset Management Co. raised its position in Cinemark Holdings by 2.8% in the second quarter. Capstone Asset Management Co. now owns 9,862 shares of the company’s stock worth $360,000 after buying an additional 270 shares during the period. Finally, Parametrica Management Ltd purchased a new position in Cinemark Holdings during the second quarter worth approximately $368,000. Hedge funds and other institutional investors own 88.53% of the company’s stock.
Shares of Cinemark Holdings Inc. (NYSE:CNK) traded up 0.39% on Friday, reaching $38.28. 434,303 shares of the company traded hands. The firm has a 50-day moving average price of $38.31 and a 200 day moving average price of $36.39. The company has a market capitalization of $4.43 billion, a PE ratio of 20.48 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.
Cinemark Holdings (NYSE:CNK) last posted its earnings results on Tuesday, August 9th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by $0.05. Cinemark Holdings had a return on equity of 19.68% and a net margin of 7.58%. The business had revenue of $744.40 million for the quarter, compared to analyst estimates of $746.05 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. Equities analysts forecast that Cinemark Holdings Inc. will post $1.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Wednesday, August 31st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.08 annualized dividend and a yield of 2.82%. Cinemark Holdings’s dividend payout ratio is presently 58.06%.
A number of equities analysts have recently issued reports on CNK shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Cinemark Holdings in a research report on Sunday, July 10th. Drexel Hamilton reiterated a “buy” rating on shares of Cinemark Holdings in a research report on Thursday, July 7th. MKM Partners upped their target price on shares of Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. B. Riley reiterated a “buy” rating and set a $47.00 target price on shares of Cinemark Holdings in a research report on Tuesday, August 9th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Cinemark Holdings in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average 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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