TLP Group LLC purchased a new stake in Cinemark Holdings, Inc. (NYSE:CNK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,034 shares of the company’s stock, valued at approximately $491,000. Cinemark comprises 0.3% of TLP Group LLC’s holdings, making the stock its 27th largest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Eagle Asset Management Inc. acquired a new position in shares of Cinemark during the 1st quarter worth approximately $106,625,000. Rivulet Capital LLC grew its position in shares of Cinemark by 88.0% during the 4th quarter. Rivulet Capital LLC now owns 2,859,216 shares of the company’s stock worth $99,558,000 after purchasing an additional 1,338,000 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of Cinemark during the 1st quarter worth approximately $23,324,000. Carillon Tower Advisers Inc. acquired a new position in shares of Cinemark during the 1st quarter worth approximately $18,541,000. Finally, BlackRock Inc. grew its position in shares of Cinemark by 2.9% during the 1st quarter. BlackRock Inc. now owns 11,281,416 shares of the company’s stock worth $424,974,000 after purchasing an additional 319,891 shares in the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.
Shares of Cinemark traded up $0.23, reaching $35.22, on Thursday, Marketbeat.com reports. 1,912 shares of the stock were exchanged, compared to its average volume of 1,300,730. Cinemark Holdings, Inc. has a one year low of $32.03 and a one year high of $44.00. The company has a current ratio of 1.53, a quick ratio of 1.48 and a debt-to-equity ratio of 1.37. The company has a market cap of $4.07 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.08 and a beta of 0.95.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, June 7th. Cinemark’s dividend payout ratio (DPR) is presently 56.64%.
A number of research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Cinemark to $46.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Piper Jaffray Companies set a $47.00 target price on shares of Cinemark and gave the stock a “buy” rating in a research report on Friday, February 23rd. ValuEngine lowered shares of Cinemark from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of Cinemark from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Finally, Barrington Research restated a “buy” rating and set a $49.00 target price on shares of Cinemark in a research report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.05.
Cinemark Company Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of December 31, 2017, the company operated 533 theatres and 5,959 screens.
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