State of Tennessee Treasury Department continued to hold its stake in shares of Cinemark Holdings Inc (NYSE:CNK) during the first quarter, Holdings Channel reports. The institutional investor owned 20,000 shares of the company’s stock at the end of the first quarter. State of Tennessee Treasury Department’s holdings in Cinemark Holdings were worth $887,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Denver Investment Advisors LLC increased its stake in shares of Cinemark Holdings by 1.1% in the first quarter. Denver Investment Advisors LLC now owns 25,900 shares of the company’s stock valued at $1,148,000 after buying an additional 280 shares in the last quarter. Ardevora Asset Management LLP increased its stake in shares of Cinemark Holdings by 4.3% in the first quarter. Ardevora Asset Management LLP now owns 682,100 shares of the company’s stock valued at $30,244,000 after buying an additional 28,100 shares in the last quarter. Sei Investments Co. increased its stake in shares of Cinemark Holdings by 21.6% in the first quarter. Sei Investments Co. now owns 48,046 shares of the company’s stock valued at $2,131,000 after buying an additional 8,549 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Cinemark Holdings during the first quarter valued at about $1,334,000. Finally, Handelsinvest Investeringsforvaltning increased its stake in shares of Cinemark Holdings by 20.8% in the first quarter. Handelsinvest Investeringsforvaltning now owns 75,450 shares of the company’s stock valued at $3,345,000 after buying an additional 13,000 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Cinemark Holdings (NYSE:CNK)

Cinemark Holdings Inc (NYSE:CNK) opened at 41.44 on Friday. The company has a market cap of $4.80 billion, a P/E ratio of 17.49 and a beta of 1.01. Cinemark Holdings Inc has a 52-week low of $32.60 and a 52-week high of $44.84. The company has a 50-day moving average of $41.22 and a 200-day moving average of $41.50.

Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. Cinemark Holdings had a net margin of 9.23% and a return on equity of 21.75%. The firm had revenue of $779.60 million for the quarter, compared to the consensus estimate of $750.75 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Cinemark Holdings Inc will post $2.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be issued a dividend of $0.29 per share. The ex-dividend date is Tuesday, June 6th. This represents a $1.16 annualized dividend and a yield of 2.80%. Cinemark Holdings’s payout ratio is 49.15%.

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Several equities research analysts have recently issued reports on the stock. Moffett Nathanson downgraded shares of Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective for the company. in a research report on Monday, June 12th. B. Riley reissued a “buy” rating and set a $53.50 price objective on shares of Cinemark Holdings in a research report on Sunday, May 7th. MKM Partners reissued a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Cinemark Holdings in a research report on Wednesday, April 26th. Royal Bank Of Canada raised their target price on shares of Cinemark Holdings from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Cinemark Holdings from a “conviction-buy” rating to a “buy” rating and set a $49.00 target price for the company. in a research report on Monday, April 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Cinemark Holdings presently has a consensus rating of “Hold” and a consensus price target of $44.12.

In other Cinemark Holdings news, insider Valmir Fernandes sold 6,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $43.53, for a total transaction of $261,180.00. Following the transaction, the insider now owns 85,505 shares in the company, valued at $3,722,032.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 9.20% of the company’s stock.

Cinemark Holdings Company Profile

Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.

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