Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Position in Cinemark Holdings Inc $CNK

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Cinemark Holdings Inc (NYSE:CNK - Free Report) by 42.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,878 shares of the company's stock after selling 77,234 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Cinemark worth $3,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Several other large investors have also recently bought and sold shares of CNK. Alberta Investment Management Corp purchased a new position in shares of Cinemark during the 2nd quarter valued at $724,000. Creative Planning boosted its stake in Cinemark by 80.2% during the second quarter. Creative Planning now owns 28,363 shares of the company's stock valued at $856,000 after buying an additional 12,627 shares during the period. Candriam S.C.A. purchased a new position in Cinemark during the second quarter worth about $1,238,000. denkapparat Operations GmbH grew its position in Cinemark by 26.4% during the second quarter. denkapparat Operations GmbH now owns 26,692 shares of the company's stock worth $806,000 after buying an additional 5,570 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in Cinemark by 52.9% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 79,195 shares of the company's stock worth $2,390,000 after acquiring an additional 27,413 shares during the last quarter.

Wall Street Analyst Weigh In

CNK has been the subject of a number of research analyst reports. Roth Capital reiterated a "buy" rating and set a $35.00 price target on shares of Cinemark in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Cinemark from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. JPMorgan Chase & Co. cut their price target on shares of Cinemark from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company reissued an "overweight" rating and issued a $33.00 price target (down previously from $36.00) on shares of Cinemark in a report on Monday, August 4th. Finally, Zacks Research raised shares of Cinemark from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Cinemark presently has a consensus rating of "Moderate Buy" and an average price target of $35.30.

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Read Our Latest Research Report on Cinemark

Cinemark Stock Up 1.4%

Shares of CNK opened at $29.47 on Monday. Cinemark Holdings Inc has a 1 year low of $23.12 and a 1 year high of $36.28. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $27.84 and a two-hundred day simple moving average of $28.77. The firm has a market cap of $3.46 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.96 and a beta of 1.69.

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Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). Cinemark had a return on equity of 59.16% and a net margin of 9.13%.The business had revenue of $857.50 million during the quarter, compared to the consensus estimate of $851.47 million. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company's revenue was down 7.0% compared to the same quarter last year. On average, analysts forecast that Cinemark Holdings Inc will post 1.93 earnings per share for the current fiscal year.

Cinemark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a $0.09 dividend. This is a boost from Cinemark's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. Cinemark's payout ratio is presently 34.62%.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.

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