State of Tennessee Treasury Department raised its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,824 shares of the company’s stock after acquiring an additional 2,552 shares during the period. State of Tennessee Treasury Department’s holdings in Cinemark were worth $2,350,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. National Asset Management Inc. increased its position in shares of Cinemark by 20.7% during the second quarter. National Asset Management Inc. now owns 12,421 shares of the company’s stock valued at $450,000 after acquiring an additional 2,130 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Cinemark by 6.9% during the second quarter. Advisory Services Network LLC now owns 5,486 shares of the company’s stock valued at $198,000 after acquiring an additional 352 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Cinemark by 45.3% during the second quarter. SG Americas Securities LLC now owns 8,680 shares of the company’s stock valued at $313,000 after acquiring an additional 2,707 shares during the last quarter. BBT Capital Management LLC acquired a new stake in shares of Cinemark during the second quarter valued at about $322,000. Finally, Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Cinemark during the second quarter valued at about $49,000. Institutional investors and hedge funds own 99.60% of the company’s stock.
Shares of CNK stock opened at $36.31 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.92 and a current ratio of 0.95. The stock has a market capitalization of $4.30 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. The company has a 50 day moving average price of $37.09 and a 200 day moving average price of $38.24. Cinemark Holdings, Inc. has a fifty-two week low of $34.49 and a fifty-two week high of $43.51.
Cinemark (NYSE:CNK) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.23). The business had revenue of $821.82 million during the quarter, compared to analyst estimates of $807.69 million. Cinemark had a net margin of 5.60% and a return on equity of 14.25%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. On average, research analysts forecast that Cinemark Holdings, Inc. will post 2.27 EPS for the current fiscal year.
A number of research analysts recently weighed in on CNK shares. Zacks Investment Research cut shares of Cinemark from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Macquarie set a $42.00 price objective on shares of Cinemark and gave the company a “hold” rating in a report on Tuesday, October 15th. MKM Partners dropped their price objective on shares of Cinemark from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. ValuEngine upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley dropped their price objective on shares of Cinemark from $41.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Cinemark currently has a consensus rating of “Buy” and a consensus target price of $43.60.
Cinemark Company 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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