Cinemark Holdings, Inc. (NYSE:CNK) EVP Michael Cavalier sold 13,055 shares of Cinemark Holdings stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $44.03, for a total transaction of $574,811.65. Following the sale, the executive vice president now owns 173,171 shares of the company’s stock, valued at $7,624,719.13. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Michael Cavalier also recently made the following trade(s):

  • On Thursday, March 16th, Michael Cavalier sold 20,609 shares of Cinemark Holdings stock. The shares were sold at an average price of $44.01, for a total transaction of $907,002.09.

Cinemark Holdings, Inc. (NYSE:CNK) opened at 44.58 on Tuesday. Cinemark Holdings, Inc. has a 12-month low of $32.60 and a 12-month high of $44.74. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 20.36 and a beta of 0.97. The stock’s 50 day moving average is $42.59 and its 200 day moving average is $40.33.

Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.22. The company had revenue of $707.20 million for the quarter, compared to analyst estimates of $703.77 million. Cinemark Holdings had a net margin of 8.06% and a return on equity of 20.75%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts forecast that Cinemark Holdings, Inc. will post $2.25 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Cinemark Holdings (NYSE:CNK)

The business also recently declared a quarterly dividend, which was paid on Monday, March 20th. Shareholders of record on Wednesday, March 8th were paid a $0.29 dividend. This is a positive change from Cinemark Holdings’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Monday, March 6th. Cinemark Holdings’s dividend payout ratio is currently 53.47%.

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CNK has been the subject of several research reports. B. Riley lifted their price objective on shares of Cinemark Holdings to $52.20 in a research note on Friday, February 17th. Wedbush lifted their price objective on shares of Cinemark Holdings from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. FBR & Co lifted their price objective on shares of Cinemark Holdings from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Finally, Royal Bank of Canada cut shares of Cinemark Holdings from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $43.00 to $45.00 in a research note on Monday, February 27th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Cinemark Holdings has a consensus rating of “Buy” and an average target price of $43.19.

A number of institutional investors have recently made changes to their positions in CNK. Bessemer Group Inc. raised its position in shares of Cinemark Holdings by 1.7% in the fourth quarter. Bessemer Group Inc. now owns 4,277 shares of the company’s stock valued at $164,000 after buying an additional 73 shares in the last quarter. BB&T Corp raised its position in shares of Cinemark Holdings by 0.3% in the third quarter. BB&T Corp now owns 33,642 shares of the company’s stock valued at $1,288,000 after buying an additional 99 shares in the last quarter. Horan Capital Advisors LLC. raised its position in shares of Cinemark Holdings by 0.3% in the third quarter. Horan Capital Advisors LLC. now owns 52,647 shares of the company’s stock valued at $2,015,000 after buying an additional 170 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Cinemark Holdings by 0.5% in the third quarter. State Treasurer State of Michigan now owns 42,600 shares of the company’s stock valued at $1,631,000 after buying an additional 200 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Cinemark Holdings by 1.5% in the third quarter. Raymond James Trust N.A. now owns 18,031 shares of the company’s stock valued at $691,000 after buying an additional 259 shares in the last quarter. Institutional investors own 90.73% of the company’s stock.

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.

5 Day Chart for NYSE:CNK

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