Two Sigma Investments LP Purchases New Position in Cinemark Holdings, Inc. (CNK)

Two Sigma Investments LP purchased a new stake in Cinemark Holdings, Inc. (NYSE:CNK) in the 4th quarter, Holdings Channel reports. The firm purchased 70,224 shares of the company’s stock, valued at approximately $2,445,000.

Several other institutional investors have also made changes to their positions in the stock. California Public Employees Retirement System increased its stake in shares of Cinemark by 0.6% in the 3rd quarter. California Public Employees Retirement System now owns 264,939 shares of the company’s stock valued at $9,593,000 after purchasing an additional 1,539 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cinemark by 54.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,862 shares of the company’s stock valued at $204,000 after purchasing an additional 2,070 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Cinemark by 0.5% in the 4th quarter. Bank of Montreal Can now owns 477,615 shares of the company’s stock valued at $16,630,000 after purchasing an additional 2,264 shares in the last quarter. American International Group Inc. increased its stake in shares of Cinemark by 1.0% in the 4th quarter. American International Group Inc. now owns 235,024 shares of the company’s stock valued at $8,184,000 after purchasing an additional 2,318 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Cinemark by 2.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 88,431 shares of the company’s stock valued at $3,079,000 after purchasing an additional 2,405 shares in the last quarter. Hedge funds and other institutional investors own 93.97% of the company’s stock.

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Several equities analysts recently weighed in on CNK shares. MKM Partners cut their price target on Cinemark to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. B. Riley reiterated a “buy” rating and issued a $47.00 price objective on shares of Cinemark in a report on Tuesday, December 5th. Barrington Research reiterated a “buy” rating and issued a $49.00 price objective on shares of Cinemark in a report on Friday, March 2nd. Royal Bank of Canada lifted their price objective on Cinemark to $46.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Zacks Investment Research upgraded Cinemark from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.12.

In other news, insider Valmir Fernandes sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $43.59, for a total transaction of $261,540.00. Following the transaction, the insider now directly owns 103,582 shares in the company, valued at approximately $4,515,139.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.20% of the company’s stock.

CNK stock opened at $37.67 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.37 and a current ratio of 1.40. Cinemark Holdings, Inc. has a 12-month low of $32.03 and a 12-month high of $44.74. The stock has a market capitalization of $4,387.48, a P/E ratio of 16.59, a PEG ratio of 1.06 and a beta of 0.94.

Cinemark (NYSE:CNK) last issued its earnings results on Friday, February 23rd. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.35. The business had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $745.92 million. Cinemark had a return on equity of 19.48% and a net margin of 8.83%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. analysts expect that Cinemark Holdings, Inc. will post 2.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th were issued a dividend of $0.32 per share. This is a boost from Cinemark’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Wednesday, March 7th. Cinemark’s payout ratio is currently 56.64%.

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Cinemark 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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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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