Cinemark Holdings, Inc. (CNK) EVP Sells $907,002.09 in Stock

Cinemark Holdings, Inc. (NYSE:CNK) EVP Michael Cavalier sold 20,609 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $44.01, for a total value of $907,002.09. Following the completion of the sale, the executive vice president now directly owns 152,562 shares of the company’s stock, valued at $6,714,253.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Michael Cavalier also recently made the following trade(s):

  • On Wednesday, March 15th, Michael Cavalier sold 13,055 shares of Cinemark Holdings stock. The shares were sold at an average price of $44.03, for a total value of $574,811.65.

Shares of Cinemark Holdings, Inc. (NYSE:CNK) traded up 0.43% during trading on Monday, reaching $44.63. The company had a trading volume of 240,382 shares. The stock has a market capitalization of $5.16 billion, a PE ratio of 20.38 and a beta of 0.97. Cinemark Holdings, Inc. has a 12 month low of $32.60 and a 12 month high of $44.74. The stock’s 50-day moving average price is $42.59 and its 200-day moving average price is $40.33.

Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.22. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The business earned $707.20 million during the quarter, compared to analyst estimates of $703.77 million. During the same period in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts forecast that Cinemark Holdings, Inc. will post $2.25 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Cinemark Holdings (NYSE:CNK)

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Wednesday, March 8th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Cinemark Holdings’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, March 6th. Cinemark Holdings’s dividend payout ratio is 53.47%.

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Several research firms have recently commented on CNK. Royal Bank of Canada cut Cinemark Holdings from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $43.00 to $45.00 in a report on Monday, February 27th. B. Riley reissued a “buy” rating and issued a $52.50 price target on shares of Cinemark Holdings in a report on Monday, February 27th. FBR & Co raised their price target on Cinemark Holdings from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 24th. Finally, Wedbush raised their price target on Cinemark Holdings from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, February 16th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cinemark Holdings currently has a consensus rating of “Buy” and a consensus price target of $43.19.

A number of institutional investors have recently modified their holdings of CNK. Parallel Advisors LLC purchased a new position in shares of Cinemark Holdings during the fourth quarter worth about $275,000. Rhumbline Advisers raised its position in shares of Cinemark Holdings by 3.3% in the third quarter. Rhumbline Advisers now owns 194,978 shares of the company’s stock worth $7,464,000 after buying an additional 6,194 shares during the last quarter. River Road Asset Management LLC raised its position in shares of Cinemark Holdings by 1.5% in the third quarter. River Road Asset Management LLC now owns 1,994,754 shares of the company’s stock worth $76,359,000 after buying an additional 28,610 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Cinemark Holdings during the third quarter worth about $2,485,000. Finally, Martingale Asset Management L P raised its position in shares of Cinemark Holdings by 18.7% in the fourth quarter. Martingale Asset Management L P now owns 554,830 shares of the company’s stock worth $21,284,000 after buying an additional 87,358 shares during the last quarter. 90.73% of the stock is owned by hedge funds and other institutional investors.

About Cinemark Holdings

Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.

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