BB&T Corp Buys Shares of 5,589 Cinemark Holdings, Inc. (CNK)

BB&T Corp bought a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) in the 3rd quarter, HoldingsChannel reports. The firm bought 5,589 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors have also added to or reduced their stakes in the company. Atria Investments LLC boosted its stake in shares of Cinemark by 12.4% during the 3rd quarter. Atria Investments LLC now owns 12,889 shares of the company’s stock valued at $518,000 after buying an additional 1,423 shares during the last quarter. Bruderman Asset Management LLC lifted its stake in Cinemark by 76.6% during the second quarter. Bruderman Asset Management LLC now owns 4,000 shares of the company’s stock worth $140,000 after purchasing an additional 1,735 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Cinemark by 14.0% during the second quarter. Xact Kapitalforvaltning AB now owns 16,332 shares of the company’s stock worth $573,000 after purchasing an additional 2,000 shares during the last quarter. Alpine Woods Capital Investors LLC lifted its stake in Cinemark by 5.9% during the second quarter. Alpine Woods Capital Investors LLC now owns 36,000 shares of the company’s stock worth $1,263,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Cinemark by 2.9% during the second quarter. Arizona State Retirement System now owns 73,780 shares of the company’s stock worth $2,588,000 after purchasing an additional 2,093 shares during the last quarter. Institutional investors own 99.18% of the company’s stock.

Shares of CNK opened at $39.79 on Friday. Cinemark Holdings, Inc. has a 12-month low of $32.60 and a 12-month high of $44.00. The firm has a market cap of $4.93 billion, a P/E ratio of 17.61, a PEG ratio of 1.46 and a beta of 0.95. The company has a current ratio of 1.43, a quick ratio of 1.39 and a debt-to-equity ratio of 1.38.



Cinemark (NYSE:CNK) last posted its earnings results on Wednesday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). The company had revenue of $889.05 million during the quarter, compared to the consensus estimate of $897.68 million. Cinemark had a net margin of 8.86% and a return on equity of 19.49%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. As a group, analysts predict that Cinemark Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Several equities analysts recently issued reports on CNK shares. Zacks Investment Research upgraded Cinemark from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Imperial Capital started coverage on Cinemark in a research note on Wednesday, July 11th. They set an “outperform” rating and a $46.00 price objective on the stock. Morgan Stanley raised their price objective on Cinemark from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 18th. Wedbush restated a “buy” rating and set a $43.00 price objective on shares of Cinemark in a research note on Tuesday, July 3rd. Finally, ValuEngine upgraded Cinemark from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.25.

About Cinemark

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 June 30, 2018, the company operated 539 theatres and 5,998 screens.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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