Naples Global Advisors LLC boosted its position in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,901 shares of the company’s stock after buying an additional 600 shares during the period. Naples Global Advisors LLC’s holdings in Cinemark Holdings were worth $1,237,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CNK. Ladenburg Thalmann Financial Services Inc. increased its stake in Cinemark Holdings by 43.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,195 shares of the company’s stock worth $123,000 after buying an additional 972 shares in the last quarter. Advisor Group Inc. increased its stake in Cinemark Holdings by 17.5% in the third quarter. Advisor Group Inc. now owns 3,981 shares of the company’s stock worth $151,000 after buying an additional 592 shares in the last quarter. Bessemer Group Inc. increased its stake in Cinemark Holdings by 1.7% in the fourth quarter. Bessemer Group Inc. now owns 4,277 shares of the company’s stock worth $164,000 after buying an additional 73 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Cinemark Holdings during the third quarter worth about $207,000. Finally, Boothbay Fund Management LLC purchased a new stake in Cinemark Holdings during the fourth quarter worth about $219,000. Institutional investors and hedge funds own 90.73% of the company’s stock.
Cinemark Holdings, Inc. (NYSE:CNK) traded up 0.25% on Friday, hitting $43.62. The stock had a trading volume of 554,120 shares. The company’s 50 day moving average is $43.13 and its 200-day moving average is $41.12. The stock has a market cap of $5.04 billion, a P/E ratio of 19.92 and a beta of 0.97. Cinemark Holdings, Inc. has a 12 month low of $32.60 and a 12 month high of $44.84.
Cinemark Holdings (NYSE:CNK) last released its earnings results on Thursday, February 23rd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.23. The business had revenue of $707.20 million for the quarter, compared to the consensus estimate of $703.77 million. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. Analysts forecast that Cinemark Holdings, Inc. will post $2.31 EPS for the current year.
CNK has been the subject of a number of recent research reports. B. Riley boosted their price target on Cinemark Holdings to $52.20 in a research note on Friday, February 17th. Goldman Sachs Group Inc downgraded Cinemark Holdings from a “conviction-buy” rating to a “buy” rating and set a $49.00 price target for the company. in a research note on Monday, April 10th. Wunderlich downgraded Cinemark Holdings from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research note on Wednesday, March 22nd. FBR & Co downgraded Cinemark Holdings from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research note on Monday, April 3rd. Finally, Wedbush restated a “neutral” rating and set a $45.00 price target (up from $43.00) on shares of Cinemark Holdings in a research note on Friday, April 7th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Cinemark Holdings has an average rating of “Hold” and an average price target of $44.12.
In related news, EVP Tom Owens sold 8,475 shares of Cinemark Holdings stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $44.00, for a total transaction of $372,900.00. Following the transaction, the executive vice president now owns 54,720 shares in the company, valued at $2,407,680. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael Cavalier sold 13,055 shares of Cinemark Holdings stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $44.03, for a total value of $574,811.65. Following the transaction, the executive vice president now owns 173,171 shares in the company, valued at approximately $7,624,719.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,139 shares of company stock worth $1,854,714. Company insiders own 9.20% of the company’s stock.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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