Bank of America Corp DE decreased its stake in shares of Cinemark Holdings Inc (NYSE:CNK) by 13.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 657,344 shares of the company’s stock after selling 99,959 shares during the period. Bank of America Corp DE owned approximately 0.57% of Cinemark Holdings worth $29,147,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of CNK. Quadrature Capital Ltd raised its stake in Cinemark Holdings by 127.8% in the fourth quarter. Quadrature Capital Ltd now owns 19,587 shares of the company’s stock valued at $751,000 after buying an additional 10,987 shares in the last quarter. Norges Bank purchased a new stake in Cinemark Holdings during the fourth quarter valued at about $32,487,000. Numeric Investors LLC purchased a new stake in Cinemark Holdings during the fourth quarter valued at about $579,000. Thrivent Financial for Lutherans raised its stake in Cinemark Holdings by 1.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,750 shares of the company’s stock valued at $4,133,000 after buying an additional 1,510 shares in the last quarter. Finally, United Capital Financial Advisers LLC purchased a new stake in Cinemark Holdings during the fourth quarter valued at about $315,000. Institutional investors and hedge funds own 89.68% of the company’s stock.
Cinemark Holdings Inc (CNK) traded up 0.51% during midday trading on Friday, hitting $39.21. The company had a trading volume of 626,349 shares. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 16.54 and a beta of 1.04. The firm has a 50-day moving average price of $38.73 and a 200-day moving average price of $41.33. Cinemark Holdings Inc has a 12 month low of $36.08 and a 12 month high of $44.84.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Cinemark Holdings had a net margin of 9.23% and a return on equity of 21.75%. The business had revenue of $779.60 million for the quarter, compared to the consensus estimate of $750.75 million. During the same period in the prior year, the business posted $0.50 earnings per share. Cinemark Holdings’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Cinemark Holdings Inc will post $2.19 EPS for the current year.
CNK has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating and issued a $53.50 price target on shares of Cinemark Holdings in a research report on Sunday, May 7th. MKM Partners restated a “buy” rating and issued a $50.00 price target (up from $48.00) on shares of Cinemark Holdings in a research report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) downgraded Cinemark Holdings from a “conviction-buy” rating to a “buy” rating and set a $49.00 target price for the company. in a research report on Monday, April 10th. ValuEngine upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, FBR & Co lowered Cinemark Holdings from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a research note on Monday, April 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.50.
In other Cinemark Holdings news, insider Valmir Fernandes sold 6,000 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $43.53, for a total transaction of $261,180.00. Following the transaction, the insider now directly owns 85,505 shares of the company’s stock, valued at $3,722,032.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.
Receive News & Ratings for Cinemark Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.