Cinemark Holdings, Inc. (CNK) Position Boosted by Holistic Financial Partners

Holistic Financial Partners boosted its position in Cinemark Holdings, Inc. (NYSE:CNK) by 14.5% in the first quarter, HoldingsChannel reports. The firm owned 7,573 shares of the company’s stock after buying an additional 961 shares during the quarter. Holistic Financial Partners’ holdings in Cinemark were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its holdings in Cinemark by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the company’s stock worth $1,140,000 after purchasing an additional 300 shares in the last quarter. BB&T Corp raised its holdings in Cinemark by 5.4% in the fourth quarter. BB&T Corp now owns 5,891 shares of the company’s stock worth $211,000 after purchasing an additional 302 shares in the last quarter. Eqis Capital Management Inc. grew its stake in shares of Cinemark by 2.2% in the fourth quarter. Eqis Capital Management Inc. now owns 20,290 shares of the company’s stock worth $726,000 after acquiring an additional 429 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Cinemark by 2.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 25,300 shares of the company’s stock worth $906,000 after acquiring an additional 500 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Cinemark by 10.6% in the fourth quarter. Advisor Group Inc. now owns 5,267 shares of the company’s stock worth $188,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

CNK has been the topic of a number of recent research reports. Wedbush reissued a “buy” rating and issued a $46.00 target price on shares of Cinemark in a research note on Wednesday, January 30th. Loop Capital initiated coverage on Cinemark in a research note on Thursday, January 31st. They issued a “hold” rating and a $41.00 target price on the stock. ValuEngine cut Cinemark from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research cut Cinemark from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $44.67.



Shares of Cinemark stock traded down $0.22 during trading on Thursday, hitting $40.08. 2,105 shares of the company’s stock traded hands, compared to its average volume of 1,180,139. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.83 and a quick ratio of 0.80. Cinemark Holdings, Inc. has a 1 year low of $33.36 and a 1 year high of $43.51. The stock has a market capitalization of $4.70 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.13 and a beta of 0.79.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. Cinemark had a return on equity of 12.61% and a net margin of 5.85%. The company had revenue of $714.70 million for the quarter, compared to analysts’ expectations of $688.51 million. During the same period last year, the firm posted $0.53 earnings per share. Cinemark’s revenue was down 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Cinemark Holdings, Inc. will post 2.34 EPS for the current fiscal year.

In other Cinemark news, insider Valmir Fernandes sold 4,033 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $43.00, for a total value of $173,419.00. Following the transaction, the insider now directly owns 114,961 shares of the company’s stock, valued at $4,943,323. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.00% of the company’s stock.

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About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

Read More: Market Capitalization and Individual Investors

Want to see what other hedge funds are holding CNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cinemark Holdings, Inc. (NYSE:CNK).

Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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