Cinemark Holdings Inc $CNK Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd grew its stake in Cinemark Holdings Inc (NYSE:CNK) by 637.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,527 shares of the company’s stock after acquiring an additional 101,592 shares during the quarter. WINTON GROUP Ltd’s holdings in Cinemark were worth $3,729,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CNK. Engineers Gate Manager LP acquired a new position in Cinemark in the 2nd quarter valued at about $3,671,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Cinemark during the 2nd quarter worth about $60,000. Nykredit A S purchased a new stake in shares of Cinemark during the second quarter worth about $135,000. Corient Private Wealth LP purchased a new stake in shares of Cinemark during the second quarter worth about $1,222,000. Finally, Amundi grew its holdings in shares of Cinemark by 66.2% during the second quarter. Amundi now owns 30,265 shares of the company’s stock worth $960,000 after buying an additional 12,053 shares in the last quarter.

Wall Street Analysts Forecast Growth

CNK has been the topic of several recent analyst reports. Morgan Stanley set a $40.00 price objective on shares of Cinemark in a research note on Wednesday, July 29th. Roth Capital set a $40.00 target price on shares of Cinemark in a research note on Thursday, July 30th. JPMorgan Chase & Co. downgraded Cinemark from an “overweight” rating to a “neutral” rating and cut their price target for the company from $40.00 to $39.00 in a report on Friday, August 14th. Wells Fargo & Company increased their price target on Cinemark from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Finally, B. Riley Financial raised their price objective on Cinemark from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.93.

Cinemark Stock Down 0.7%

CNK opened at $35.12 on Friday. Cinemark Holdings Inc has a 1 year low of $21.60 and a 1 year high of $38.98. The firm has a 50 day moving average price of $34.56 and a 200 day moving average price of $30.99. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.81 and a current ratio of 0.84. The company has a market cap of $4.07 billion, a PE ratio of 20.78 and a beta of 0.98.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. Cinemark had a net margin of 6.44% and a return on equity of 50.94%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company posted $0.63 earnings per share. Cinemark’s revenue was up 15.5% compared to the same quarter last year. Sell-side analysts expect that Cinemark Holdings Inc will post 2.36 earnings per share for the current year.

Cinemark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 26th. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. Cinemark’s payout ratio is presently 21.30%.

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.