Oregon Public Employees Retirement Fund Buys 609 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Oregon Public Employees Retirement Fund increased its stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 1.4% in the second quarter, Holdings Channel.com reports. The fund owned 42,943 shares of the company’s stock after purchasing an additional 609 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Cinemark were worth $1,550,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAM Holding AG boosted its position in shares of Cinemark by 110.2% during the first quarter. GAM Holding AG now owns 20,183 shares of the company’s stock worth $807,000 after acquiring an additional 10,583 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of Cinemark by 4.0% during the first quarter. Texas Permanent School Fund now owns 72,322 shares of the company’s stock worth $2,892,000 after acquiring an additional 2,755 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Cinemark by 9,592.3% during the first quarter. First Mercantile Trust Co. now owns 12,600 shares of the company’s stock worth $504,000 after acquiring an additional 12,470 shares during the last quarter. Starr International Co. Inc. bought a new position in shares of Cinemark during the first quarter worth $154,000. Finally, Norges Bank bought a new position in shares of Cinemark during the fourth quarter worth $36,407,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

In other news, insider Valmir Fernandes sold 4,033 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $43.00, for a total value of $173,419.00. Following the sale, the insider now owns 114,961 shares of the company’s stock, valued at $4,943,323. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.00% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of Cinemark from a “hold” rating to a “buy” rating in a research note on Thursday. Loop Capital raised shares of Cinemark from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Wednesday, July 3rd. Wedbush reaffirmed a “buy” rating and set a $49.00 price target on shares of Cinemark in a research note on Friday. MKM Partners decreased their price target on shares of Cinemark to $43.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Finally, Morgan Stanley decreased their price target on shares of Cinemark from $41.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.30.

Cinemark stock traded down $1.27 during mid-day trading on Monday, reaching $39.83. 8,897 shares of the company’s stock traded hands, compared to its average volume of 1,223,880. The stock has a market capitalization of $4.81 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 1.20 and a beta of 0.71. The firm’s 50 day moving average price is $37.60. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.80 and a current ratio of 0.83. Cinemark Holdings, Inc. has a 12-month low of $34.03 and a 12-month high of $43.51.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. The company had revenue of $957.76 million for the quarter, compared to the consensus estimate of $906.57 million. Cinemark had a net margin of 5.85% and a return on equity of 12.61%. As a group, sell-side analysts forecast that Cinemark Holdings, Inc. will post 2.29 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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