Cinemark Holdings (CNK) : Everpoint Asset Management added new position in Cinemark Holdings during the most recent quarter end. The investment management firm now holds 1,245,612 shares of Cinemark Holdings which is valued at $51,892,196 , the company said in a statement filed on Nov 14, 2016 with the SEC.Cinemark Holdings makes up approximately 1.25% of Everpoint Asset Management’s portfolio.
Other Hedge Funds, Including , D. E. Shaw reduced its stake in CNK by selling 31,415 shares or 16.76% in the most recent quarter. The Hedge Fund company now holds 156,029 shares of CNK which is valued at $6,345,699. Cinemark Holdings makes up approx 0.01% of D. E. Shaw’s portfolio.New York State Common Retirement Fund reduced its stake in CNK by selling 41,500 shares or 15.27% in the most recent quarter. The Hedge Fund company now holds 230,300 shares of CNK which is valued at $9,338,665. Cinemark Holdings makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Ubs Asset Management Americas Inc boosted its stake in CNK in the latest quarter, The investment management firm added 14,873 additional shares and now holds a total of 162,582 shares of Cinemark Holdings which is valued at $6,477,267. Cinemark Holdings makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.First Trust Advisors Lp boosted its stake in CNK in the latest quarter, The investment management firm added 11,963 additional shares and now holds a total of 303,590 shares of Cinemark Holdings which is valued at $12,058,595. Cinemark Holdings makes up approx 0.04% of First Trust Advisors Lp’s portfolio.Handelsinvest Investeringsforvaltning boosted its stake in CNK in the latest quarter, The investment management firm added 5,750 additional shares and now holds a total of 62,450 shares of Cinemark Holdings which is valued at $2,486,135. Cinemark Holdings makes up approx 0.90% of Handelsinvest Investeringsforvaltning’s portfolio.
Cinemark Holdings closed down -0.5 points or -1.18% at $41.73 with 4,00,125 shares getting traded on Monday. Post opening the session at $41.9, the shares hit an intraday low of $41.45 and an intraday high of $41.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Cinemark Holdings reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 8, 2016. Analyst had a consensus of $0.57. The company had revenue of $768.57 million for the quarter, compared to analysts expectations of $780.15 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Investors should note that on Nov 16, 2016, Cinemark Holdings announced a cash dividend of $0.2700. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 16, 2016.
Many Wall Street Analysts have commented on Cinemark Holdings. Company shares were Reiterated by RBC Capital Mkts on Nov 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .Cinemark Holdings was Upgraded by Goldman to ” Buy” on Oct 31, 2016.
Cinemark Holdings Inc. is engaged in the motion picture exhibition business with theatres in the United States Brazil Mexico Argentina Chile Colombia Peru Ecuador Honduras El Salvador Nicaragua Costa Rica Panama Guatemala and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31 2014 the Company operated 495 theatres and 5676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit including NextGen CineArts Cinemark Bistro Cinemark Reserve and other premium concepts such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31 2014 the Company’s United States circuit had 335 theatres and 4499 screens in 41 states and its international circuit had 160 theatres and 1177 screens.