We Are One Seven LLC Acquires 706 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

We Are One Seven LLC raised its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,786 shares of the company’s stock after acquiring an additional 706 shares during the quarter. We Are One Seven LLC’s holdings in Cinemark were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its position in Cinemark by 1.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 42,334 shares of the company’s stock valued at $1,693,000 after acquiring an additional 422 shares during the last quarter. GAM Holding AG lifted its holdings in shares of Cinemark by 110.2% in the 1st quarter. GAM Holding AG now owns 20,183 shares of the company’s stock worth $807,000 after buying an additional 10,583 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Cinemark by 4.0% in the 1st quarter. Texas Permanent School Fund now owns 72,322 shares of the company’s stock worth $2,892,000 after buying an additional 2,755 shares during the period. First Mercantile Trust Co. lifted its holdings in shares of Cinemark by 9,592.3% in the 1st quarter. First Mercantile Trust Co. now owns 12,600 shares of the company’s stock worth $504,000 after buying an additional 12,470 shares during the period. Finally, Starr International Co. Inc. purchased a new stake in shares of Cinemark in the 1st quarter worth $154,000. 98.26% of the stock is currently owned by institutional investors.

Shares of NYSE CNK traded up $0.35 during mid-day trading on Wednesday, reaching $39.96. 20,418 shares of the company were exchanged, compared to its average volume of 1,136,603. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $4.55 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.13 and a beta of 0.73. Cinemark Holdings, Inc. has a 1 year low of $34.03 and a 1 year high of $43.51. The business has a 50-day simple moving average of $37.47.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $714.70 million during the quarter, compared to analysts’ expectations of $688.51 million. Cinemark had a return on equity of 12.61% and a net margin of 5.85%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. Analysts anticipate that Cinemark Holdings, Inc. will post 2.29 earnings per share for the current year.

Several brokerages have weighed in on CNK. Credit Suisse Group set a $203.00 target price on Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley upgraded DENSO CORP/ADR from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 23rd. Loop Capital reiterated a “hold” rating on shares of AMC Entertainment in a report on Wednesday, July 3rd. MKM Partners lowered their target price on Cinemark to $43.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, Wedbush set a $13.00 target price on SLM and gave the stock a “buy” rating in a report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.00.

In related news, insider Valmir Fernandes sold 4,033 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $43.00, for a total transaction of $173,419.00. Following the completion of the sale, the insider now directly owns 114,961 shares in the company, valued at approximately $4,943,323. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.00% of the company’s stock.

Cinemark Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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