30,794 Shares in Cinemark Holdings Inc $CNK Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Cinemark Holdings Inc (NYSE:CNK) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 30,794 shares of the company’s stock, valued at approximately $1,149,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new position in shares of Cinemark in the 3rd quarter valued at about $36,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Cinemark in the 2nd quarter worth about $32,000. USA Financial Formulas purchased a new stake in shares of Cinemark in the 3rd quarter worth about $43,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Cinemark in the 2nd quarter worth about $60,000. Finally, Nykredit A S acquired a new stake in Cinemark in the 2nd quarter valued at about $135,000.

Cinemark Price Performance

NYSE:CNK opened at $38.89 on Friday. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 16.69 and a beta of 1.07. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 3.13. The company’s 50-day moving average is $37.14 and its two-hundred day moving average is $31.65. Cinemark Holdings Inc has a 12-month low of $21.60 and a 12-month high of $41.55.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Cinemark had a net margin of 8.13% and a return on equity of 60.04%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. Research analysts expect that Cinemark Holdings Inc will post 2.75 EPS for the current year.

Cinemark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Cinemark’s dividend payout ratio is presently 15.45%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CNK. Zacks Research upgraded shares of Cinemark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Moffett Nathanson reiterated a “buy” rating and issued a $40.00 price target on shares of Cinemark in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Cinemark from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Benchmark raised their price objective on shares of Cinemark from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Wedbush lifted their price objective on Cinemark from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Cinemark presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.57.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading motion picture exhibition company that operates movie theaters in the United States and Latin America. Through its Cinemark and Century theater brands, the company provides audiences with theatrical entertainment, including first-run films, premium large-format presentations and enhanced viewing experiences.

Cinemark’s theaters generate revenue primarily through ticket sales and food and beverage concessions. Its offerings may include reserved seating, luxury reclining seats, Cinemark XD premium auditoriums, online and mobile ticketing, and loyalty programs such as Cinemark Movie Rewards.