UBS Group AG Acquires 365,630 Shares of Cinemark Holdings Inc $CNK

UBS Group AG boosted its position in Cinemark Holdings Inc (NYSE:CNK) by 49.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,100,402 shares of the company’s stock after purchasing an additional 365,630 shares during the period. UBS Group AG’s holdings in Cinemark were worth $25,573,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNK. Intech Investment Management LLC increased its holdings in Cinemark by 129.0% during the 3rd quarter. Intech Investment Management LLC now owns 156,602 shares of the company’s stock worth $4,388,000 after acquiring an additional 88,203 shares during the period. Jain Global LLC increased its holdings in shares of Cinemark by 37.4% in the 3rd quarter. Jain Global LLC now owns 1,644,623 shares of the company’s stock worth $46,082,000 after buying an additional 447,468 shares during the last quarter. Gabelli Funds LLC bought a new position in shares of Cinemark in the 3rd quarter worth $1,444,000. Cartenna Capital LP increased its holdings in shares of Cinemark by 29.4% in the 3rd quarter. Cartenna Capital LP now owns 1,650,000 shares of the company’s stock worth $46,233,000 after buying an additional 375,000 shares during the last quarter. Finally, Junto Capital Management LP bought a new position in shares of Cinemark in the 3rd quarter worth $25,509,000.

Cinemark Stock Down 0.0%

Shares of Cinemark stock opened at $27.05 on Monday. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.62 and a quick ratio of 0.58. The company has a 50-day moving average of $28.31 and a 200 day moving average of $26.43. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 23.94 and a beta of 1.03. Cinemark Holdings Inc has a 1 year low of $21.60 and a 1 year high of $34.01.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $643.10 million during the quarter, compared to the consensus estimate of $632.74 million. Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The firm’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) earnings per share. As a group, sell-side analysts anticipate that Cinemark Holdings Inc will post 2.11 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, March 3rd. Cinemark’s dividend payout ratio (DPR) is presently 31.86%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CNK. Zacks Research raised shares of Cinemark from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Roth Mkm reissued a “buy” rating and set a $37.00 price target on shares of Cinemark in a research report on Thursday, April 23rd. UBS Group raised shares of Cinemark to a “buy” rating in a research report on Tuesday, January 20th. Macquarie Infrastructure dropped their price target on shares of Cinemark from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. Finally, B. Riley Financial reissued a “neutral” rating on shares of Cinemark in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cinemark currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.31.

Cinemark Profile

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.