Barrow Hanley Mewhinney & Strauss LLC bought a new position in Cinemark Holdings Inc (NYSE:CNK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 246,497 shares of the company's stock, valued at approximately $7,821,000. Barrow Hanley Mewhinney & Strauss LLC owned 0.21% of Cinemark as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D acquired a new position in Cinemark during the 4th quarter worth $1,661,000. UBS Group AG increased its position in shares of Cinemark by 49.8% in the 4th quarter. UBS Group AG now owns 1,100,402 shares of the company's stock worth $25,573,000 after purchasing an additional 365,630 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Cinemark by 378.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 117,150 shares of the company's stock valued at $3,717,000 after purchasing an additional 92,661 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Cinemark by 80.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 41,764 shares of the company's stock valued at $1,191,000 after purchasing an additional 18,579 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Cinemark by 113.9% during the first quarter. Sei Investments Co. now owns 162,635 shares of the company's stock worth $4,638,000 after purchasing an additional 86,585 shares during the last quarter.
Analysts Set New Price Targets
A number of research firms have commented on CNK. Morgan Stanley set a $40.00 target price on Cinemark in a report on Wednesday, July 29th. Wall Street Zen upgraded Cinemark from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. The Goldman Sachs Group raised Cinemark from a "sell" rating to a "neutral" rating and upped their price target for the company from $23.00 to $30.00 in a research report on Wednesday, July 8th. Roth Capital set a $40.00 price objective on Cinemark in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Cinemark from $31.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.93.
Read Our Latest Stock Analysis on Cinemark
Cinemark Trading Up 0.1%
Shares of NYSE:CNK opened at $36.63 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 3.87. The company's 50-day moving average price is $33.70 and its 200 day moving average price is $29.97. The company has a market cap of $4.25 billion, a PE ratio of 21.67 and a beta of 1.00. Cinemark Holdings Inc has a fifty-two week low of $21.60 and a fifty-two week high of $38.98.
Cinemark (NYSE:CNK - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.03 by $0.16. Cinemark had a net margin of 6.44% and a return on equity of 50.94%. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. Cinemark's quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts anticipate that Cinemark Holdings Inc will post 2.36 earnings per share for the current year.
Cinemark Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, August 26th. Cinemark's dividend payout ratio (DPR) is currently 21.30%.
About Cinemark
(
Free Report)
Cinemark Holdings, Inc NYSE: CNK is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company's core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark's exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.
The company's product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.
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