We Are One Seven LLC acquired a new stake in Cinemark Holdings, Inc. (NYSE:CNK) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,600 shares of the company’s stock, valued at approximately $230,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Cinemark by 73.2% in the 4th quarter. Victory Capital Management Inc. now owns 6,081,823 shares of the company’s stock valued at $211,768,000 after purchasing an additional 2,570,923 shares during the last quarter. Rivulet Capital LLC increased its stake in shares of Cinemark by 88.0% in the 4th quarter. Rivulet Capital LLC now owns 2,859,216 shares of the company’s stock valued at $99,558,000 after purchasing an additional 1,338,000 shares during the last quarter. Hamlin Capital Management LLC bought a new position in shares of Cinemark in the 4th quarter valued at $28,010,000. Mackenzie Financial Corp bought a new position in shares of Cinemark in the 4th quarter valued at $10,617,000. Finally, Sarasin & Partners LLP increased its stake in shares of Cinemark by 17.2% in the 3rd quarter. Sarasin & Partners LLP now owns 1,406,339 shares of the company’s stock valued at $50,924,000 after purchasing an additional 206,877 shares during the last quarter. 93.97% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada upgraded Cinemark from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $33.91 to $40.00 in a research note on Wednesday, January 10th. B. Riley reiterated a “buy” rating and issued a $42.50 price target (down previously from $47.00) on shares of Cinemark in a research note on Monday, January 22nd. Wedbush set a $42.00 price target on Cinemark and gave the company a “buy” rating in a research note on Tuesday, December 5th. Piper Jaffray Companies set a $47.00 price target on Cinemark and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, MKM Partners decreased their price target on Cinemark to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Cinemark has an average rating of “Hold” and a consensus target price of $42.12.
Shares of Cinemark stock opened at $38.20 on Friday. The firm has a market capitalization of $4,449.19, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.09 and a beta of 0.94. Cinemark Holdings, Inc. has a 52-week low of $32.03 and a 52-week high of $44.74. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.45.
Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.35. The business had revenue of $750.00 million for the quarter, compared to analyst estimates of $745.92 million. Cinemark had a return on equity of 19.48% and a net margin of 8.83%. Cinemark’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. analysts forecast that Cinemark Holdings, Inc. will post 2.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $1.28 dividend on an annualized basis and a yield of 3.35%. This is a positive change from Cinemark’s previous quarterly dividend of $0.29. Cinemark’s payout ratio is currently 56.39%.
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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