Measured Wealth Private Client Group LLC Sells 2,630 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Measured Wealth Private Client Group LLC decreased its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,200 shares of the company’s stock after selling 2,630 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Cinemark were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNK. Dimensional Fund Advisors LP lifted its holdings in shares of Cinemark by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,821,728 shares of the company’s stock valued at $65,217,000 after purchasing an additional 34,887 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Cinemark by 88.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 14,924 shares of the company’s stock valued at $534,000 after purchasing an additional 7,024 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Cinemark by 7.3% during the fourth quarter. Legal & General Group Plc now owns 173,732 shares of the company’s stock valued at $6,219,000 after purchasing an additional 11,840 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Cinemark by 80.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 68,630 shares of the company’s stock valued at $2,457,000 after purchasing an additional 30,498 shares during the last quarter. Finally, Norges Bank purchased a new stake in Cinemark in the 4th quarter worth about $36,407,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cinemark stock opened at $39.42 on Wednesday. The business has a 50-day simple moving average of $37.76. The stock has a market cap of $4.62 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.20 and a beta of 0.71. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.80 and a current ratio of 0.83. Cinemark Holdings, Inc. has a 1 year low of $34.03 and a 1 year high of $43.51.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Cinemark had a return on equity of 13.75% and a net margin of 6.31%. The firm had revenue of $957.76 million during the quarter, compared to the consensus estimate of $906.57 million. Research analysts forecast that Cinemark Holdings, Inc. will post 2.29 earnings per share for the current year.

In other Cinemark news, CFO Sean Gamble sold 5,669 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $41.50, for a total value of $235,263.50. Following the transaction, the chief financial officer now directly owns 126,025 shares of the company’s stock, valued at approximately $5,230,037.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.00% of the company’s stock.

Several equities research analysts recently issued reports on CNK shares. Loop Capital raised Cinemark from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, July 3rd. Wedbush reissued a “buy” rating and issued a $49.00 price objective on shares of Cinemark in a research note on Friday, August 2nd. ValuEngine raised Cinemark from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Credit Suisse Group started coverage on Cinemark in a research note on Friday, July 19th. They issued an “outperform” rating and a $43.00 price objective for the company. Finally, MKM Partners reduced their price objective on Cinemark to $43.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Cinemark has a consensus rating of “Buy” and an average target price of $44.30.

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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