Cinemark Holdings, Inc. (CNK) EVP Sells $907,002.09 in Stock
Cinemark Holdings, Inc. (NYSE:CNK) EVP Michael Cavalier sold 20,609 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $44.01, for a total value of $907,002.09. Following the transaction, the executive vice president now directly owns 152,562 shares of the company’s stock, valued at $6,714,253.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Michael Cavalier also recently made the following trade(s):
- On Wednesday, March 15th, Michael Cavalier sold 13,055 shares of Cinemark Holdings stock. The shares were sold at an average price of $44.03, for a total value of $574,811.65.
Shares of Cinemark Holdings, Inc. (NYSE:CNK) traded up 0.43% during midday trading on Monday, hitting $44.63. The stock had a trading volume of 240,382 shares. The stock has a market cap of $5.16 billion, a PE ratio of 20.38 and a beta of 0.97. The stock has a 50-day moving average of $42.59 and a 200 day moving average of $40.33. Cinemark Holdings, Inc. has a 52 week low of $32.60 and a 52 week high of $44.74.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.22. The firm earned $707.20 million during the quarter, compared to analysts’ expectations of $703.77 million. Cinemark Holdings had a net margin of 8.06% and a return on equity of 20.75%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. Analysts anticipate that Cinemark Holdings, Inc. will post $2.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Wednesday, March 8th will be paid a dividend of $0.29 per share. This is a boost from Cinemark Holdings’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 6th. This represents a $1.16 dividend on an annualized basis and a yield of 2.61%. Cinemark Holdings’s dividend payout ratio (DPR) is currently 53.47%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. World Asset Management Inc acquired a new position in shares of Cinemark Holdings during the third quarter worth approximately $264,000. First Citizens Bank & Trust Co. boosted its position in Cinemark Holdings by 13.8% in the third quarter. First Citizens Bank & Trust Co. now owns 10,592 shares of the company’s stock worth $405,000 after buying an additional 1,282 shares during the period. Horan Capital Advisors LLC. boosted its position in Cinemark Holdings by 0.3% in the third quarter. Horan Capital Advisors LLC. now owns 52,647 shares of the company’s stock worth $2,015,000 after buying an additional 170 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in Cinemark Holdings during the third quarter worth about $223,000. Finally, Emerald Advisers Inc. PA purchased a new position in Cinemark Holdings during the third quarter worth about $3,405,000. Hedge funds and other institutional investors own 90.73% of the company’s stock.
CNK has been the subject of a number of research reports. FBR & Co increased their price target on Cinemark Holdings from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. B. Riley increased their price target on Cinemark Holdings to $52.20 in a research note on Friday, February 17th. Royal Bank of Canada lowered Cinemark Holdings from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $43.00 to $45.00 in a research note on Monday, February 27th. Finally, Wedbush increased their price target on Cinemark Holdings from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $43.19.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
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