Robeco Institutional Asset Management B.V. Buys 77,999 Shares of Cinemark Holdings Inc $CNK

Key Points

• Robeco Institutional Asset Management bought 77,999 Cinemark shares worth approximately $2.9 million, acquiring a stake of about 0.07% during the third quarter.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $38.43; ratings include one Strong Buy, nine Buys, and five Holds.
• Cinemark reported quarterly EPS of $1.19, exceeding the $1.03 consensus estimate, while revenue rose 15.5% year over year to $1.09 billion. The company also paid a quarterly dividend of $0.09 per share.

Robeco Institutional Asset Management B.V. bought a new stake in shares of Cinemark Holdings Inc (NYSE:CNK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 77,999 shares of the company's stock, valued at approximately $2,909,000. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Cinemark at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new stake in Cinemark in the 3rd quarter valued at $36,000. Public Employees Retirement System of Ohio purchased a new position in Cinemark in the second quarter valued at about $32,000. USA Financial Formulas acquired a new position in shares of Cinemark during the third quarter worth about $43,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Cinemark in the second quarter valued at about $60,000. Finally, Nykredit A S acquired a new stake in shares of Cinemark in the second quarter valued at about $135,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barrington Research set a $42.00 target price on Cinemark in a report on Thursday, July 30th. Moffett Nathanson restated a "buy" rating and issued a $40.00 price target on shares of Cinemark in a report on Thursday, July 30th. Guggenheim set a $37.00 price target on Cinemark in a report on Thursday, July 2nd. Zacks Research raised shares of Cinemark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen lowered shares of Cinemark from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.43.

Cinemark Stock Performance

NYSE:CNK opened at $39.70 on Monday. The firm has a 50-day moving average of $36.66 and a two-hundred day moving average of $33.06. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.84 and a quick ratio of 0.81. The stock has a market cap of $4.60 billion, a P/E ratio of 23.49 and a beta of 1.03. Cinemark Holdings Inc has a 1-year low of $21.60 and a 1-year high of $40.53.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.16. Cinemark had a return on equity of 50.94% and a net margin of 6.44%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.63 EPS. Cinemark's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, research analysts expect that Cinemark Holdings Inc will post 2.66 earnings per share for the current fiscal year.

Cinemark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, August 26th. Cinemark's dividend payout ratio (DPR) is currently 21.30%.

Cinemark Profile

Cinemark Holdings, Inc NYSE: CNK is a leading motion picture exhibition company that operates movie theaters in the United States and Latin America. Through its Cinemark and Century theater brands, the company provides audiences with theatrical entertainment, including first-run films, premium large-format presentations and enhanced viewing experiences.

Cinemark's theaters generate revenue primarily through ticket sales and food and beverage concessions. Its offerings may include reserved seating, luxury reclining seats, Cinemark XD premium auditoriums, online and mobile ticketing, and loyalty programs such as Cinemark Movie Rewards.

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