Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 13.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,099 shares of the company’s stock after selling 985 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cinemark were worth $244,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its position in Cinemark by 7.0% in the fourth quarter. BlackRock Inc. now owns 12,314,087 shares of the company’s stock worth $440,843,000 after purchasing an additional 808,848 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Cinemark by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,381,965 shares of the company’s stock valued at $176,155,000 after purchasing an additional 205,898 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Cinemark by 0.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,334,131 shares of the company’s stock valued at $83,562,000 after purchasing an additional 11,488 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cinemark by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,821,728 shares of the company’s stock valued at $65,217,000 after purchasing an additional 34,887 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Cinemark by 2.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,770,873 shares of the company’s stock valued at $63,397,000 after purchasing an additional 39,713 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.
Several equities analysts have recently weighed in on CNK shares. ValuEngine cut Cinemark from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Wedbush reiterated a “buy” rating and set a $46.00 price objective on shares of Cinemark in a report on Wednesday, January 30th. Loop Capital started coverage on Cinemark in a research report on Thursday, January 31st. They issued a “hold” rating and a $41.00 target price on the stock. Finally, Zacks Investment Research lowered Cinemark from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $44.67.
NYSE:CNK opened at $40.00 on Friday. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.15 and a beta of 0.79. Cinemark Holdings, Inc. has a twelve month low of $33.36 and a twelve month high of $43.51. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 2.18.
Cinemark (NYSE:CNK) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $714.70 million for the quarter, compared to analyst estimates of $688.51 million. Cinemark had a return on equity of 12.61% and a net margin of 5.85%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Research analysts forecast that Cinemark Holdings, Inc. will post 2.34 EPS for the current fiscal year.
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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