Kalos Management adds Cinemark Holdings (CNK) to its portfolio

Cinemark Holdings (CNK) : Kalos Management added new position in Cinemark Holdings during the most recent quarter end. The investment management firm now holds 50,710 shares of Cinemark Holdings which is valued at $1,862,071 , the company said in a statement filed on Aug 1, 2016 with the SEC.Cinemark Holdings makes up approximately 1.40% of Kalos Management’s portfolio.

Other Hedge Funds, Including , Hussman Strategic Advisors reduced its stake in CNK by selling 2,400 shares or 61.54% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of CNK which is valued at $55,080. Cinemark Holdings makes up approx 0.01% of Hussman Strategic Advisors’s portfolio.Alps Advisors Inc reduced its stake in CNK by selling 832 shares or 6.84% in the most recent quarter. The Hedge Fund company now holds 11,340 shares of CNK which is valued at $427,518.Sanders Morris Harris reduced its stake in CNK by selling 2,950 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 100,850 shares of CNK which is valued at $3,802,045. Cinemark Holdings makes up approx 0.96% of Sanders Morris Harris’s portfolio. Parametrica Management Ltd added CNK to its portfolio by purchasing 10,098 company shares during the most recent quarter which is valued at $396,548. Cinemark Holdings makes up approx 0.57% of Parametrica Management Ltd’s portfolio.

Cinemark Holdings opened for trading at $37.25 and hit $37.82 on the upside on Thursday, eventually ending the session at $37.47, with a gain of 2.04% or 0.75 points. The heightened volatility saw the trading volume jump to 8,30,558 shares. Company has a market cap of $4,353 M.

On the company’s financial health, Cinemark Holdings reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.47. The company had revenue of $704.50 million for the quarter, compared to analysts expectations of $699.76 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Cinemark Holdings. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .Company shares were Reiterated by FBR Capital on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 41 from a previous price target of $40 .Company shares were Reiterated by Wedbush on May 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .

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.

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