Havemeyer Place LP Acquires New Shares in Cinemark Holdings Inc $CNK

Havemeyer Place LP acquired a new position in shares of Cinemark Holdings Inc (NYSE:CNK) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,544 shares of the company’s stock, valued at approximately $477,000.

Several other large investors have also recently added to or reduced their stakes in CNK. Smartleaf Asset Management LLC boosted its holdings in shares of Cinemark by 20.1% during the third quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock valued at $83,000 after acquiring an additional 506 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Cinemark by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock worth $548,000 after acquiring an additional 507 shares during the period. EverSource Wealth Advisors LLC lifted its position in Cinemark by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 507 shares during the last quarter. ProShare Advisors LLC lifted its position in Cinemark by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 20,176 shares of the company’s stock valued at $469,000 after purchasing an additional 619 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Cinemark by 11.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,680 shares of the company’s stock valued at $204,000 after purchasing an additional 859 shares during the period.

Analyst Ratings Changes

Several equities research analysts have commented on CNK shares. Wells Fargo & Company raised their price target on shares of Cinemark from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Zacks Research downgraded Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Cinemark in a report on Friday, March 27th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $22.00 target price on shares of Cinemark in a research note on Thursday, February 19th. Finally, Benchmark reiterated a “buy” rating on shares of Cinemark in a research report on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.77.

Cinemark Trading Up 1.6%

Shares of NYSE:CNK opened at $31.97 on Wednesday. The company has a 50 day moving average of $28.67 and a 200-day moving average of $26.41. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 5.03. The firm has a market cap of $3.73 billion, a P/E ratio of 28.29 and a beta of 1.00. Cinemark Holdings Inc has a twelve month low of $21.60 and a twelve month high of $32.95.

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

Cinemark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, May 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. Cinemark’s dividend payout ratio (DPR) is 31.86%.

Cinemark Company 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.