33,595 Shares of Cinemark Holdings Inc $CNK Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new position in Cinemark Holdings Inc (NYSE:CNK - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 33,595 shares of the company's stock, valued at approximately $1,253,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CNK. TD Waterhouse Canada Inc. bought a new stake in shares of Cinemark in the third quarter worth approximately $36,000. Public Employees Retirement System of Ohio bought a new position in Cinemark during the second quarter valued at approximately $32,000. USA Financial Formulas bought a new position in Cinemark during the third quarter valued at approximately $43,000. Integrated Wealth Concepts LLC bought a new position in Cinemark during the second quarter valued at approximately $60,000. Finally, Nykredit A S purchased a new stake in Cinemark in the second quarter worth approximately $135,000.

Cinemark Stock Up 4.8%

Shares of CNK stock opened at $40.77 on Tuesday. Cinemark Holdings Inc has a 12 month low of $21.60 and a 12 month high of $41.55. The stock has a market cap of $4.72 billion, a P/E ratio of 17.33 and a beta of 1.07. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 3.13. The company has a 50 day simple moving average of $37.23 and a two-hundred day simple moving average of $31.73.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. Cinemark had a net margin of 8.13% and a return on equity of 60.04%. The company's revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. On average, research analysts expect that Cinemark Holdings Inc will post 2.75 earnings per share for the current year.

Cinemark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 26th. Cinemark's dividend payout ratio (DPR) is currently 15.45%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $40.00 target price on shares of Cinemark in a research report on Friday, July 31st. Wells Fargo & Company increased their price target on Cinemark from $34.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, November 4th. Benchmark raised their price target on Cinemark from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Roth Capital restated a "buy" rating and issued a $45.00 price target on shares of Cinemark in a research note on Friday, October 23rd. Finally, B. Riley Financial reaffirmed a "neutral" rating on shares of Cinemark in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Cinemark has an average rating of "Moderate Buy" and a consensus price target of $39.57.

Cinemark Company Profile

Cinemark Holdings, Inc operates movie theaters in the United States and Latin America. Its theaters screen feature films and offer related entertainment experiences, including premium large-format presentations and in-theater amenities.

The company operates under brands including Cinemark, Century Theatres and Tinseltown. Its services include concessions, advertising, private events and its Cinemark Movie Club subscription program.

Cinemark traces its roots to 1984 and is headquartered in Plano, Texas.

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